Which cryptocurrencies are commonly used as underlying assets for mini futures contracts?

3 answers

• Nov 24, 2021 · 3 years ago
  Many popular cryptocurrencies are commonly used as underlying assets for mini futures contracts. Some of the most commonly used cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are chosen as underlying assets due to their high liquidity, market capitalization, and widespread adoption in the cryptocurrency market. Traders and investors often use mini futures contracts to speculate on the price movements of these cryptocurrencies and hedge their positions in the market.
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• Nov 24, 2021 · 3 years ago
  When it comes to mini futures contracts, there are several cryptocurrencies that are commonly used as underlying assets. Bitcoin (BTC) is one of the most popular choices, given its status as the largest and most well-known cryptocurrency. Ethereum (ETH) is also frequently used, thanks to its smart contract capabilities and active developer community. Other cryptocurrencies like Ripple (XRP) and Litecoin (LTC) are also commonly included as underlying assets for mini futures contracts. These cryptocurrencies offer different features and use cases, providing traders with a diverse range of options for their investment strategies.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, offers mini futures contracts with a variety of cryptocurrencies as underlying assets. Some of the cryptocurrencies commonly used as underlying assets on BYDFi include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are chosen based on their market demand, liquidity, and overall popularity among traders. Mini futures contracts provide traders with the opportunity to profit from the price movements of these cryptocurrencies without owning the actual assets, making it a convenient and flexible trading option for both experienced and novice traders.
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