Which cryptocurrencies are most commonly used for option trading?

1 answers

• Rounit kumarOct 20, 2024 · 10 months ago
  When it comes to option trading, Bitcoin and Ethereum are the go-to cryptocurrencies for most traders. These two digital assets have established themselves as the leaders in the cryptocurrency market and have a strong presence in the options trading space. Bitcoin, being the first and most well-known cryptocurrency, has a large user base and is widely accepted as a form of payment. Ethereum, on the other hand, offers a platform for decentralized applications and has gained popularity for its smart contract capabilities. Both Bitcoin and Ethereum provide a wide range of options contracts, allowing traders to hedge their positions or speculate on price movements. While there are other cryptocurrencies available for options trading, Bitcoin and Ethereum are the most commonly used due to their liquidity and market acceptance.
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