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What are the best cryptocurrency options for strangle strategies?

avatarMohamed GaldeDec 18, 2021 · 3 years ago3 answers

I'm interested in implementing strangle strategies in cryptocurrency trading. Can you recommend the best cryptocurrency options for this strategy? I'm looking for options that have high volatility and liquidity, as well as a wide range of strike prices to choose from. Any suggestions?

What are the best cryptocurrency options for strangle strategies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure, when it comes to strangle strategies in cryptocurrency trading, you want to focus on coins with high volatility and liquidity. Some popular options include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These coins have a large market cap and are actively traded, making them suitable for implementing strangle strategies. Additionally, they offer a wide range of strike prices, allowing you to choose the best options for your strategy.
  • avatarDec 18, 2021 · 3 years ago
    Well, if you're looking for the best cryptocurrency options for strangle strategies, you can't go wrong with Bitcoin (BTC) and Ethereum (ETH). These two coins have been around for a while and have proven to be highly volatile, which is ideal for strangle strategies. They also have a large number of active traders, ensuring liquidity in the market. So, consider these options when implementing your strangle strategy.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a wide range of options for strangle strategies. With high volatility and liquidity, coins like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are available for trading. BYDFi provides a user-friendly interface and advanced trading tools to help you implement your strangle strategy effectively. Consider BYDFi for your cryptocurrency trading needs.