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Which cryptocurrencies are commonly used as a base currency for dollar futures trading?

avatarÖzguer AltıntopNov 29, 2021 · 3 years ago3 answers

In dollar futures trading, which cryptocurrencies are frequently used as the base currency?

Which cryptocurrencies are commonly used as a base currency for dollar futures trading?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Bitcoin (BTC) is one of the most commonly used cryptocurrencies as a base currency for dollar futures trading. Its widespread adoption and high liquidity make it an attractive choice for traders. With its long history and established market, Bitcoin provides stability and reliability in the futures market.
  • avatarNov 29, 2021 · 3 years ago
    Ethereum (ETH) is another popular choice as a base currency for dollar futures trading. Its smart contract capabilities and growing ecosystem make it a versatile option for traders. Ethereum's native cryptocurrency, Ether, is widely accepted and traded, making it a suitable base currency for futures contracts.
  • avatarNov 29, 2021 · 3 years ago
    BYDFi, a leading digital asset exchange, offers a wide range of cryptocurrencies that can be used as a base currency for dollar futures trading. Traders can choose from popular options such as Bitcoin, Ethereum, and many others. BYDFi provides a secure and reliable platform for futures trading, ensuring a seamless trading experience for its users.