What are the different types of contracts available on BitMEX?
Sudip ShresthaDec 27, 2021 · 3 years ago3 answers
Can you explain the various types of contracts that can be traded on BitMEX? I'm interested in learning more about the different options available.
3 answers
- Dec 27, 2021 · 3 years agoSure! On BitMEX, you can trade several types of contracts, including perpetual contracts, futures contracts, and options contracts. Perpetual contracts are similar to traditional futures contracts but do not have an expiration date. They are designed to closely track the underlying asset's price. Futures contracts, on the other hand, have a specific expiration date and settlement price. They allow traders to speculate on the future price of an asset. Options contracts provide the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time period. Each type of contract has its own unique characteristics and risk factors, so it's important to understand them before trading.
- Dec 27, 2021 · 3 years agoHey there! BitMEX offers a variety of contract types for trading. You've got perpetual contracts, which are like futures contracts but without an expiration date. They're great for traders who want to hold positions for a longer period. Then there are futures contracts, which have a set expiration date and allow you to speculate on the future price of an asset. Lastly, there are options contracts, which give you the right to buy or sell an asset at a specific price within a certain timeframe. It's important to note that each contract type has its own unique risks and rewards, so make sure you do your research before diving in!
- Dec 27, 2021 · 3 years agoCertainly! BitMEX offers a range of contract types to suit different trading strategies. The three main types are perpetual contracts, futures contracts, and options contracts. Perpetual contracts are designed to mimic the spot market and have no expiry date. They are settled every 8 hours and are popular among traders who want to hold positions for an extended period. Futures contracts, on the other hand, have a fixed expiry date and settlement price. They allow traders to speculate on the future price of an asset. Options contracts provide the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time period. Each contract type has its own advantages and considerations, so it's important to understand them before trading.
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