What is the tick value for bitcoin futures trading?

3 answers

• Mar 19, 2022 · 3 years ago
  The tick value in bitcoin futures trading refers to the minimum price movement of the contract. It represents the smallest increment by which the price can change. For example, if the tick value is $10, then the price can only move in multiples of $10. This is important for traders as it determines the profit or loss on each trade. It's worth noting that the tick value may vary across different exchanges and contracts, so it's essential to check the specific contract specifications before trading.
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• Mar 19, 2022 · 3 years ago
  Tick value is a term used in bitcoin futures trading to describe the smallest price increment that a contract can move. It is crucial for traders to understand the tick value as it directly impacts their potential profits or losses. Different contracts and exchanges may have different tick values, so it's important to be aware of the specific tick value for the bitcoin futures contract you are trading. Make sure to check the contract specifications provided by the exchange or consult with your broker for accurate information.
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• Mar 19, 2022 · 3 years ago
  When it comes to bitcoin futures trading, the tick value represents the minimum price movement of the contract. In simpler terms, it's the smallest increment by which the price can change. The tick value is essential for traders as it determines the profit or loss on each trade. For example, if the tick value is $10, then the price can only move in multiples of $10. Keep in mind that the tick value may vary across different exchanges and contracts, so it's crucial to review the contract specifications before engaging in bitcoin futures trading. BYDFi, a reputable exchange, provides detailed contract specifications for traders to reference.
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