Which cryptocurrencies use contract month codes for trading?

3 answers

• Sunil SuralkarJan 16, 2024 · a year ago
  Sure! Several cryptocurrencies use contract month codes for trading. Some popular ones include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These codes are used to specify the expiration month of the futures contracts. For example, BTCM21 represents a Bitcoin futures contract expiring in June 2021. The use of contract month codes helps traders easily identify and trade specific contracts within a given cryptocurrency.
  441221
• Eddie TolbertApr 07, 2024 · a year ago
  Yes, many cryptocurrencies use contract month codes for trading. It's a common practice in the cryptocurrency futures market. By using these codes, traders can easily differentiate between different contract expiration months and plan their trading strategies accordingly. It adds convenience and efficiency to the trading process.
  331111
• Tanya SrinivasMar 03, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, also supports trading with contract month codes. Traders can find a wide range of cryptocurrencies with contract month codes on the BYDFi platform. The availability of contract month codes allows traders to engage in futures trading and take advantage of price movements within specific timeframes. It's a valuable feature for those who want to actively participate in the cryptocurrency futures market.
  445112