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What are the benefits of trading perpetuals in the cryptocurrency market?

avatarJhon Kenneth LumagDec 17, 2021 · 3 years ago1 answers

Can you explain the advantages of trading perpetual contracts in the cryptocurrency market? How do they differ from traditional futures contracts?

What are the benefits of trading perpetuals in the cryptocurrency market?
Cryptocurrency
Perpetual Contracts
Futures Contracts

1 answers

  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we believe that trading perpetuals in the cryptocurrency market can be highly profitable. The ability to trade with leverage allows traders to maximize their potential gains, and the 24/7 nature of the cryptocurrency market means that opportunities can arise at any time. Additionally, perpetual contracts often have lower trading fees compared to spot trading, making them a cost-effective option for active traders. However, it's important to note that trading perpetuals also carries risks, and traders should always do their own research and seek professional advice before engaging in leveraged trading.

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