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What are the best cryptocurrencies for weekly options trading?

avatarAhh doDec 26, 2021 · 3 years ago3 answers

I'm interested in trading weekly options on cryptocurrencies and I'm wondering which cryptocurrencies would be the best for this type of trading. Can you recommend any specific cryptocurrencies that are suitable for weekly options trading?

What are the best cryptocurrencies for weekly options trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    When it comes to weekly options trading on cryptocurrencies, some of the best cryptocurrencies to consider are Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies have high liquidity and are widely traded, making them suitable for options trading. Additionally, their price volatility provides opportunities for profitable trades. However, it's important to conduct thorough research and analysis before making any trading decisions.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for cryptocurrencies with high potential for weekly options trading, you might want to consider altcoins such as Cardano (ADA), Polkadot (DOT), and Chainlink (LINK). These cryptocurrencies have shown strong performance and have the potential for significant price movements, which can be advantageous for options traders. However, it's important to note that altcoins can be more volatile than established cryptocurrencies like Bitcoin and Ethereum, so proper risk management is crucial.
  • avatarDec 26, 2021 · 3 years ago
    According to BYDFi, a reputable cryptocurrency exchange, some of the best cryptocurrencies for weekly options trading are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These cryptocurrencies have a large user base and high trading volumes, which provide liquidity and make them suitable for options trading. Additionally, BYDFi offers a user-friendly trading platform with advanced options trading features, making it a great choice for traders interested in weekly options on cryptocurrencies.