Why is SGX Nifty futures a popular choice among cryptocurrency traders?

3 answers

• Nov 24, 2021 · 3 years ago
  SGX Nifty futures is a popular choice among cryptocurrency traders due to its ability to provide exposure to the Indian stock market. By trading SGX Nifty futures, cryptocurrency traders can take advantage of the price movements in the Indian stock market without actually owning the underlying assets. This allows them to diversify their portfolio and potentially profit from the volatility in both the cryptocurrency and Indian stock markets.
  444222
• Nov 24, 2021 · 3 years ago
  One of the reasons why SGX Nifty futures is favored by cryptocurrency traders is its 24/7 availability. Unlike traditional stock markets that have specific trading hours, SGX Nifty futures can be traded round the clock. This provides cryptocurrency traders with the flexibility to trade at any time, regardless of their geographical location or time zone. It also allows them to react quickly to market news and events that may impact their trading strategies.
  460154
• Nov 24, 2021 · 3 years ago
  In addition to its availability and exposure to the Indian stock market, SGX Nifty futures is also known for its liquidity. This means that there is a high volume of trading activity in these futures contracts, which ensures that traders can easily enter and exit positions without significant slippage. The liquidity of SGX Nifty futures makes it an attractive choice for cryptocurrency traders who value the ability to execute trades quickly and efficiently.
  460115