What is the tick value of crude oil futures in the cryptocurrency market?

1 answers

• Dec 28, 2021 · 3 years ago
  At BYDFi, the tick value of crude oil futures in the cryptocurrency market is $0.01. This means that a one-tick movement in the price of a contract would result in a profit or loss of $10 for a standard contract. Traders on BYDFi can use this tick value to calculate their risk and reward, and it helps them make informed trading decisions. It is important to note that the tick value may vary on other cryptocurrency exchanges, so traders should check the contract specifications before trading on different platforms.
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