Why are perpetual contracts popular among crypto traders?

3 answers

• May 08, 2022 · 3 years ago
  Perpetual contracts are popular among crypto traders because they offer the ability to trade with leverage, allowing traders to amplify their potential profits. Additionally, perpetual contracts do not have an expiration date, which provides traders with more flexibility in their trading strategies. The availability of perpetual contracts on various cryptocurrency exchanges also contributes to their popularity, as traders can easily access and trade these contracts on platforms they are already familiar with.
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• May 08, 2022 · 3 years ago
  Crypto traders love perpetual contracts because they eliminate the need for traders to constantly roll over their positions, as is the case with traditional futures contracts. This saves traders time and effort, allowing them to focus on their trading strategies instead. Furthermore, perpetual contracts often have lower fees compared to traditional futures contracts, making them more cost-effective for traders.
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• May 08, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the popularity of perpetual contracts among crypto traders. The main reason behind this popularity is the flexibility and convenience they offer. Perpetual contracts allow traders to take both long and short positions, enabling them to profit from both rising and falling markets. Additionally, the availability of perpetual contracts on BYDFi's platform ensures that traders have access to a wide range of trading options, further contributing to their popularity among crypto traders.
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