Which cryptocurrencies have the most commonly used futures symbols?
![avatar](https://download.bydfi.com/api-pic/images/avatars/8ym1L.jpg)
Can you provide a list of cryptocurrencies that are commonly used as underlying assets for futures contracts? I'm interested in knowing which cryptocurrencies have the most frequently used symbols in the futures market.
![Which cryptocurrencies have the most commonly used futures symbols?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/f7/8f0833f1880f4cdd6bc4f0f40154003967f2fd.jpg)
3 answers
- Sure! Some of the most commonly used cryptocurrencies for futures trading include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have established themselves as popular choices for traders due to their high liquidity and market capitalization. Their futures symbols are widely recognized and used across various exchanges.
Dec 18, 2021 · 3 years ago
- When it comes to futures trading, Bitcoin (BTC) is undoubtedly the king. It has the most commonly used futures symbol and is considered the benchmark for the cryptocurrency market. Other popular cryptocurrencies like Ethereum (ETH) and Ripple (XRP) also have widely recognized futures symbols. However, it's worth noting that the popularity of futures symbols may vary across different exchanges and regions.
Dec 18, 2021 · 3 years ago
- According to data from BYDFi, a leading cryptocurrency exchange, the most commonly used futures symbols for cryptocurrencies are BTC (Bitcoin), ETH (Ethereum), XRP (Ripple), LTC (Litecoin), and BCH (Bitcoin Cash). These symbols are widely adopted by traders and are easily recognizable in the futures market. It's important to keep in mind that the popularity of symbols may change over time as new cryptocurrencies emerge and gain traction.
Dec 18, 2021 · 3 years ago
Related Tags
Hot Questions
- 96
How can I protect my digital assets from hackers?
- 92
Are there any special tax rules for crypto investors?
- 91
What are the advantages of using cryptocurrency for online transactions?
- 90
How can I buy Bitcoin with a credit card?
- 82
What is the future of blockchain technology?
- 75
What are the best practices for reporting cryptocurrency on my taxes?
- 70
How can I minimize my tax liability when dealing with cryptocurrencies?
- 54
How does cryptocurrency affect my tax return?