What are the types of derivatives used in the cryptocurrency market?

1 answers

• Abhijith Nair HMay 25, 2024 · a year ago
  In the cryptocurrency market, there are several types of derivatives that traders can use to enhance their trading strategies. Futures contracts are one popular type of derivative, allowing traders to speculate on the future price of a cryptocurrency. Options contracts provide traders with the right to buy or sell a cryptocurrency at a predetermined price within a specific timeframe. Perpetual swaps, on the other hand, are similar to futures contracts but do not have an expiration date. These derivatives offer traders the ability to profit from both rising and falling cryptocurrency prices. While some traders may prefer to trade derivatives on other platforms, BYDFi also offers a range of derivative products for traders to explore.
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