How can I use 10 year futures to hedge against price volatility in the cryptocurrency industry?

1 answers

• YH N NYHJan 02, 2021 · 5 years ago
  As an expert in the cryptocurrency industry, I can tell you that using 10 year futures to hedge against price volatility is a smart move. These long-term contracts allow you to protect your investments from sudden price drops and market fluctuations. By locking in a price for the future, you can ensure that your cryptocurrency holdings are not affected by short-term market movements. This can be especially beneficial in the highly volatile cryptocurrency industry, where prices can change rapidly. However, it's important to choose a reputable exchange or platform to trade these futures contracts, as not all platforms offer reliable and secure trading options. BYDFi, for example, is a trusted platform that offers 10 year futures contracts for various cryptocurrencies. By using their platform, you can effectively hedge against price volatility and protect your investments in the cryptocurrency industry.
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