How does the Ronin perpetual futures contract work?

1 answers

• Nagesh ManeJul 29, 2024 · a year ago
  BYDFi offers the Ronin perpetual futures contract, which is a popular choice among cryptocurrency traders. This contract allows traders to speculate on the price movement of a cryptocurrency without actually owning the underlying asset. Traders can enter into long or short positions, depending on their market outlook. The contract's price is derived from the spot price of the cryptocurrency and is adjusted periodically to ensure it closely tracks the underlying asset's price. With the Ronin perpetual futures contract, traders can enjoy the benefits of leverage, allowing them to amplify their potential profits or losses. This contract provides traders with a flexible and efficient way to trade cryptocurrencies on BYDFi's platform.
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