Which cryptocurrencies are commonly used as underlying assets in CDS contracts?

3 answers

• Apr 30, 2022 · 3 years ago
  Sure! Some of the commonly used cryptocurrencies as underlying assets in CDS contracts include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are chosen due to their high liquidity, market capitalization, and widespread acceptance in the crypto market. They provide a reliable and diverse range of options for investors and traders engaging in CDS contracts.
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• Apr 30, 2022 · 3 years ago
  When it comes to CDS contracts, Bitcoin (BTC) is undoubtedly the most commonly used cryptocurrency as an underlying asset. Its dominance in the crypto market and high liquidity make it an attractive choice for investors. However, Ethereum (ETH) and Ripple (XRP) are also frequently used due to their large market capitalization and active trading volume. Other cryptocurrencies like Litecoin (LTC) and Bitcoin Cash (BCH) are sometimes included as well, depending on the specific CDS contract and the preferences of the parties involved.
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• Apr 30, 2022 · 3 years ago
  As an expert in the field, I can tell you that the choice of cryptocurrencies as underlying assets in CDS contracts can vary depending on the platform or exchange. At BYDFi, for example, we offer a wide range of cryptocurrencies that can be used as underlying assets in CDS contracts, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many others. However, it's important to note that the selection of cryptocurrencies may differ from one platform to another, so it's always advisable to check the specific offerings of the platform you're interested in.
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