Which cryptocurrencies are most commonly traded using option puts?

3 answers

• Paul ClancyNov 13, 2024 · a year ago
  Sure! Some of the most commonly traded cryptocurrencies using option puts include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a large market cap and are popular among traders who use options to hedge their positions or speculate on price movements. It's important to note that the popularity of cryptocurrencies traded using option puts may vary depending on market conditions and investor sentiment.
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• Henneberg StaalFeb 09, 2022 · 4 years ago
  Well, when it comes to cryptocurrencies that are commonly traded using option puts, you can't go wrong with Bitcoin (BTC). It's the king of cryptocurrencies and attracts a lot of attention from options traders. Ethereum (ETH) is another popular choice, known for its smart contract capabilities. Other frequently traded cryptocurrencies using option puts include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies offer different features and potential investment opportunities, so it's always a good idea to do your research before diving into options trading.
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• Balaji GugulothAug 07, 2023 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the most commonly traded cryptocurrencies using option puts are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a strong presence in the market and attract a significant number of options traders. However, it's important to remember that the popularity of cryptocurrencies can change over time, so it's always a good idea to stay updated with the latest market trends and news.
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