How does the concept of orthogonal trading apply to the blockchain industry?

3 answers

• Dec 28, 2021 · 3 years ago
  Orthogonal trading is a concept that can have a significant impact on the blockchain industry. It refers to a trading strategy that involves trading assets that are not directly related to each other, but have a correlation with the overall market. In the context of the blockchain industry, orthogonal trading can be applied by diversifying the portfolio with different cryptocurrencies or even traditional assets. By doing so, traders can reduce the risk associated with a single asset and potentially increase their overall returns. Additionally, orthogonal trading can also help in reducing market volatility and improving liquidity in the blockchain industry.
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• Dec 28, 2021 · 3 years ago
  Orthogonal trading in the blockchain industry is like having multiple irons in the fire. It allows traders to spread their risk and increase their chances of making profitable trades. By diversifying their portfolio with different cryptocurrencies, traders can take advantage of the price movements in various markets. This strategy can be particularly useful in a highly volatile market like the blockchain industry, where prices can fluctuate rapidly. Orthogonal trading helps traders to minimize losses and maximize gains by not putting all their eggs in one basket.
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• Dec 28, 2021 · 3 years ago
  Orthogonal trading is a concept that is gaining popularity in the blockchain industry. It involves trading assets that have a low correlation with each other, which means that their prices move independently. This can be beneficial for traders as it allows them to diversify their portfolio and reduce the risk associated with a single asset. BYDFi, a leading cryptocurrency exchange, recognizes the importance of orthogonal trading and provides a wide range of cryptocurrencies for traders to choose from. With BYDFi, traders can easily implement orthogonal trading strategies and take advantage of the opportunities in the blockchain industry.
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