How does the futures market for cryptocurrencies behave on Good Friday?

3 answers

• SaahilJul 09, 2022 · 3 years ago
  On Good Friday, the futures market for cryptocurrencies typically experiences lower trading volumes compared to regular trading days. This is because many traders and investors take the day off to observe the holiday. As a result, there may be less liquidity in the market and potentially wider bid-ask spreads. It's important to note that not all cryptocurrency exchanges offer futures trading, so the impact may vary depending on the exchange you're using. Additionally, some exchanges may choose to close their futures market entirely on Good Friday. It's always a good idea to check with your specific exchange for their trading schedule and any potential changes during holidays.
  684

  342
• Raghavendra PapanaSep 19, 2020 · 5 years ago
  Good Friday can be a unique day for the futures market of cryptocurrencies. While some traders may take the day off, others may see it as an opportunity to take advantage of potentially lower trading volumes and increased volatility. It's important to keep in mind that market behavior on Good Friday can be unpredictable, and it's always recommended to exercise caution and do thorough research before making any trading decisions. Additionally, it's worth noting that the behavior of the futures market can vary between different cryptocurrencies, so it's important to consider the specific cryptocurrency you're trading when analyzing market behavior on Good Friday.
  669

  223
• Ahmed Adel AbdElGelilOct 21, 2020 · 5 years ago
  At BYDFi, we have observed that the futures market for cryptocurrencies on Good Friday tends to be relatively quiet. This is likely due to the reduced trading activity during the holiday. However, it's important to note that market behavior can vary between different cryptocurrencies and exchanges. While some traders may choose to take a break on Good Friday, others may still actively participate in the market. As always, it's crucial to stay informed about market conditions and consider the potential impact of holidays on trading activity.
  546

  137