Which cryptocurrencies are most commonly traded by derivatives traders? 📈

3 answers

• Dec 27, 2021 · 3 years ago
  Cryptocurrency derivatives traders commonly trade Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These three cryptocurrencies have the highest trading volumes and are considered the most popular choices among derivatives traders. BTC is the most well-known and widely traded cryptocurrency, while ETH and XRP have gained popularity due to their use cases and partnerships with various companies. Traders prefer these cryptocurrencies because they offer liquidity and volatility, which are essential for profitable trading. Additionally, these cryptocurrencies are often used as benchmarks for the overall cryptocurrency market.
  629315
• Dec 27, 2021 · 3 years ago
  When it comes to derivatives trading, Bitcoin (BTC) is undoubtedly the king. BTC has the highest trading volume and market capitalization among all cryptocurrencies, making it the most commonly traded cryptocurrency by derivatives traders. Ethereum (ETH) is another popular choice due to its smart contract capabilities and the wide range of decentralized applications built on its blockchain. Traders also keep an eye on Ripple (XRP) as it has partnerships with major financial institutions, which can potentially lead to increased adoption and trading volume. Other cryptocurrencies like Litecoin (LTC), Bitcoin Cash (BCH), and EOS (EOS) are also commonly traded by derivatives traders, but to a lesser extent.
  712238
• Dec 27, 2021 · 3 years ago
  According to a recent report, derivatives traders commonly trade Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies have established themselves as the top choices among traders due to their market dominance and widespread adoption. BTC, being the first and most well-known cryptocurrency, attracts a significant amount of trading activity. ETH, on the other hand, offers a platform for creating decentralized applications and has a large developer community. XRP, with its focus on cross-border payments, has gained attention from both traders and financial institutions. It's important to note that the choice of cryptocurrencies for derivatives trading may vary among different exchanges and traders' preferences.
  736184