How does perpetual futures trading work in the world of cryptocurrency?

1 answers

• May 10, 2022 · 3 years ago
  Perpetual futures trading is a popular trading strategy in the world of cryptocurrency. It allows traders to speculate on the price movement of a cryptocurrency without actually owning the underlying asset. This type of trading is offered by various cryptocurrency exchanges, including BYDFi. Traders can go long (buy) or short (sell) a cryptocurrency with leverage, which means they can amplify their potential profits or losses. The advantage of perpetual futures trading is that it offers traders the ability to profit from both rising and falling markets. However, it's important to note that trading with leverage also increases the risk of losses, so traders should exercise caution and use proper risk management strategies.
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