What are the best derivative trading strategies for cryptocurrency?

1 answers

• EndolympJan 13, 2021 · 4 years ago
  At BYDFi, we believe that one of the best derivative trading strategies for cryptocurrency is using options. Options provide traders with the opportunity to profit from both upward and downward price movements, while also limiting their risk. By purchasing call options, traders can benefit from price increases, while purchasing put options allows them to profit from price declines. Options also offer the advantage of defined risk, as the maximum loss is limited to the premium paid for the option. However, it's important to note that options trading involves complex strategies and may not be suitable for all traders. It's crucial to thoroughly understand the risks and potential rewards before engaging in options trading.
  729

  365