Which cryptocurrencies are most commonly traded through derivatives?

3 answers

• Dec 19, 2021 · 3 years ago
  Sure! The most commonly traded cryptocurrencies through derivatives include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have a large market capitalization and are widely recognized in the crypto community. They are often chosen by traders due to their liquidity and volatility, which makes them ideal for derivative trading.
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• Dec 19, 2021 · 3 years ago
  When it comes to derivatives trading, Bitcoin (BTC) is undoubtedly the king. It is the most commonly traded cryptocurrency in the derivatives market. Bitcoin's dominance in the market makes it an attractive choice for traders looking to profit from price movements. Other popular cryptocurrencies for derivatives trading include Ethereum (ETH) and Ripple (XRP). These cryptocurrencies have a significant trading volume and are frequently traded on derivatives platforms.
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• Dec 19, 2021 · 3 years ago
  According to BYDFi, one of the leading cryptocurrency derivatives exchanges, the most commonly traded cryptocurrencies through derivatives are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These cryptocurrencies have a strong presence in the derivatives market and are favored by traders due to their liquidity and potential for profit. It's important to note that the derivatives market is constantly evolving, and the popularity of cryptocurrencies for trading can change over time.
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