Can you explain the significance of 'no touch' in the cryptocurrency industry?

3 answers

• Dec 17, 2021 · 3 years ago
  In the cryptocurrency industry, 'no touch' refers to a type of trading option where the investor predicts that the price of a particular cryptocurrency will not reach a certain level within a specified time frame. This option allows traders to profit from the price staying below the specified level, without the need for the price to actually touch it. It is a popular choice for risk-averse traders who believe that the price will remain within a certain range. By using 'no touch' options, traders can diversify their investment strategies and potentially earn profits even in a volatile market.
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• Dec 17, 2021 · 3 years ago
  No touch is a term commonly used in cryptocurrency trading to describe an option where the investor speculates that the price of a cryptocurrency will not reach a predetermined level within a given time period. This type of option allows traders to profit if the price stays below the specified level, without actually touching it. It is an important tool for risk management and can be used to hedge against potential losses. Traders can utilize 'no touch' options to create a more balanced portfolio and protect their investments in the volatile cryptocurrency market.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers 'no touch' options to its users. With 'no touch' options, traders can take advantage of the price staying below a certain level without the need for it to touch. This type of option allows traders to diversify their trading strategies and potentially earn profits even if the price does not reach the specified level. 'No touch' options are a popular choice for risk-averse traders who want to minimize their exposure to market volatility. By utilizing 'no touch' options, traders can effectively manage their risk and optimize their trading outcomes.
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