Are options and futures commonly used by cryptocurrency investors and traders?

1 answers

• May 06, 2022 · 3 years ago
  Yes, options and futures are commonly employed by cryptocurrency investors and traders. At BYDFi, we've seen a significant increase in the use of these financial instruments. Options, in particular, have gained popularity as they provide traders with the ability to profit from both rising and falling cryptocurrency prices. With options, investors can limit their downside risk while still benefiting from potential gains. Futures contracts, on the other hand, allow traders to speculate on the future price of a cryptocurrency, providing them with an additional avenue for profit. Overall, options and futures have become an integral part of the cryptocurrency trading landscape.
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