How does binance.us futures trading work?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! Futures trading on binance.us is a way to speculate on the price movement of cryptocurrencies without actually owning them. It allows traders to go long (betting on price increase) or go short (betting on price decrease) on various cryptocurrencies. Traders can use leverage to amplify their potential profits or losses. Binance.us offers a wide range of futures contracts with different expiration dates and leverage options. It's important to note that futures trading involves high risk and requires a good understanding of the market.
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• Dec 25, 2021 · 3 years ago
  Futures trading on binance.us is a bit like making a bet on the future price of a cryptocurrency. You can choose to bet that the price will go up (long position) or that it will go down (short position). If your prediction is correct, you make a profit. If not, you may lose money. Binance.us provides leverage, which means you can trade with more money than you actually have. This can increase your potential profits, but it also increases the risk. It's important to carefully consider your risk tolerance and use proper risk management strategies when trading futures.
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• Dec 25, 2021 · 3 years ago
  BYDFi is a digital asset exchange that also offers futures trading. On BYDFi, you can trade futures contracts on various cryptocurrencies, just like on binance.us. Futures trading on BYDFi works in a similar way, allowing traders to speculate on the price movement of cryptocurrencies with leverage. However, it's important to note that BYDFi and binance.us are separate entities, and the trading experience and features may differ. It's always a good idea to do your own research and compare different exchanges before choosing where to trade futures.
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