7 Best Crypto Contract Trading Platforms in 2023
The post 7 Best Crypto Contract Trading Platforms in 2023 appeared on BitcoinEthereumNews.com. Crypto contract trading platforms allow traders to go long or short on cryptocurrencies, and amplify their results with the use of leverage. We’ve selected 7 of the best crypto contract trading platforms based on key factors such as liquidity, selection of trading products, number of listed cryptocurrencies and more. Before we feature our picks for the best crypto contract trading platforms, let’s quickly refresh our knowledge of what crypto contract trading is all about. What is contract trading in crypto? The term “contract trading” in a crypto context refers to the trading of derivatives, as opposed to spot trading. A derivative is a type of financial instrument that derives its value from an underlying asset. There are different types of derivatives — in the cryptocurrency market, the most popular derivatives are futures contracts and options contracts. When you are trading Bitcoin futures contracts, for example, you are not actually buying and selling Bitcoin, but you are buying and selling a contract that derives its value from the price of Bitcoin. Compared to spot trading, contract trading gives traders more flexibility and allows them to easily access leverage or go either long on short on a specific cryptocurrency. However, contract trading is more complex than spot trading, and isn’t recommended for inexperienced traders. The best crypto contract trading platforms in 2023 Without further ado, here is our selection of the best crypto contract trading platforms available on the market right now. Binance Futures – The best crypto contract trading platform overall Bybit – A feature-packed crypto exchange with a strong crypto contract offering BitMEX – A pioneering crypto contracts exchange OKX – A rock-solid alternative to Binance Deribit – The best platform for crypto options contracts BingX – Crypto contract trading platform with rewards for new users Phemex – Crypto contracts trading platform with an impressive selection of…
The post 7 Best Crypto Contract Trading Platforms in 2023 appeared on BitcoinEthereumNews.com.
Crypto contract trading platforms allow traders to go long or short on cryptocurrencies, and amplify their results with the use of leverage. We’ve selected 7 of the best crypto contract trading platforms based on key factors such as liquidity, selection of trading products, number of listed cryptocurrencies and more. Before we feature our picks for the best crypto contract trading platforms, let’s quickly refresh our knowledge of what crypto contract trading is all about. What is contract trading in crypto? The term “contract trading” in a crypto context refers to the trading of derivatives, as opposed to spot trading. A derivative is a type of financial instrument that derives its value from an underlying asset. There are different types of derivatives — in the cryptocurrency market, the most popular derivatives are futures contracts and options contracts. When you are trading Bitcoin futures contracts, for example, you are not actually buying and selling Bitcoin, but you are buying and selling a contract that derives its value from the price of Bitcoin. Compared to spot trading, contract trading gives traders more flexibility and allows them to easily access leverage or go either long on short on a specific cryptocurrency. However, contract trading is more complex than spot trading, and isn’t recommended for inexperienced traders. The best crypto contract trading platforms in 2023 Without further ado, here is our selection of the best crypto contract trading platforms available on the market right now. Binance Futures – The best crypto contract trading platform overall Bybit – A feature-packed crypto exchange with a strong crypto contract offering BitMEX – A pioneering crypto contracts exchange OKX – A rock-solid alternative to Binance Deribit – The best platform for crypto options contracts BingX – Crypto contract trading platform with rewards for new users Phemex – Crypto contracts trading platform with an impressive selection of…
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