What are the basics of trading futures in the cryptocurrency market?

1 answers

• Dec 16, 2021 · 3 years ago
  Trading futures in the cryptocurrency market is a popular strategy among experienced traders. It allows them to hedge their positions and take advantage of price movements without actually owning the underlying assets. BYDFi, a leading cryptocurrency exchange, offers a wide range of futures contracts for traders to choose from. These contracts are settled in cryptocurrency, providing traders with the opportunity to profit from both rising and falling markets. However, it's important to note that trading futures involves a higher level of risk compared to spot trading. Traders should carefully consider their risk tolerance and only invest what they can afford to lose. It's also important to stay updated on market news and developments to make informed trading decisions.
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