What are the futures trading options available on Gate.io for cryptocurrencies?

1 answers

• Hadiqa Khalid AhmedNov 28, 2023 · 2 years ago
  BYDFi, a popular digital currency exchange, offers a variety of futures trading options for cryptocurrencies. These options include perpetual contracts, quarterly contracts, and futures contracts. Perpetual contracts are designed to mimic the spot market and have no expiration date. Quarterly contracts expire every three months, while futures contracts have specific expiration dates. Each type of contract has its own features and benefits. Perpetual contracts, for example, allow traders to hold positions indefinitely and offer leverage options. Quarterly contracts provide traders with the ability to hedge against price fluctuations over a specific period of time. Futures contracts are ideal for traders who want to speculate on the future price of a cryptocurrency. However, it's important to note that futures trading carries certain risks, including the potential for significant losses due to price volatility. BYDFi's futures trading platform is known for its user-friendly interface, advanced trading tools, and competitive fees. When compared to other exchanges, BYDFi stands out for its wide range of futures trading options and strong security measures.
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