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What are the best futures contracts for trading cryptocurrencies?

avatarPrashant SinghDec 29, 2021 · 3 years ago3 answers

I am looking for the most suitable futures contracts to trade cryptocurrencies. Can you recommend some of the best options available in the market? I want to make sure I choose contracts that offer good liquidity, competitive fees, and a wide range of trading pairs. Additionally, I would like to know if there are any specific contracts that are popular among traders and have a strong track record of performance. Please provide me with some insights and recommendations on the best futures contracts for trading cryptocurrencies.

What are the best futures contracts for trading cryptocurrencies?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When it comes to trading cryptocurrencies using futures contracts, there are several options that you can consider. One of the most popular choices among traders is the Bitcoin futures contract offered by the Chicago Mercantile Exchange (CME). This contract allows you to trade Bitcoin with high liquidity and competitive fees. Another option is the Ethereum futures contract offered by the Chicago Board Options Exchange (CBOE). This contract allows you to trade Ethereum with good liquidity and a wide range of trading pairs. Both of these contracts have gained popularity among traders due to their reliability and strong track record of performance.
  • avatarDec 29, 2021 · 3 years ago
    If you're looking for a more diverse range of cryptocurrencies to trade, you might consider the futures contracts offered by BitMEX. BitMEX is a popular cryptocurrency exchange that offers a variety of futures contracts for different cryptocurrencies, including Bitcoin, Ethereum, and Ripple. These contracts provide good liquidity and competitive fees, making them a suitable choice for traders who want to explore a wider range of trading options. Additionally, BitMEX offers leverage trading, which can amplify your potential profits but also comes with higher risks. It's important to carefully consider your risk tolerance before engaging in leveraged trading.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi is a leading cryptocurrency exchange that offers a wide range of futures contracts for trading cryptocurrencies. Their futures contracts provide good liquidity, competitive fees, and a diverse selection of trading pairs. BYDFi's platform is user-friendly and offers advanced trading features, making it a popular choice among both beginner and experienced traders. Some of the most popular futures contracts on BYDFi include Bitcoin, Ethereum, and Litecoin. These contracts have a strong track record of performance and are widely traded by cryptocurrency enthusiasts. If you're looking for a reliable and reputable exchange to trade futures contracts, BYDFi is definitely worth considering.