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TagsIs it recommended to use straddle and strangle in cryptocurrency derivatives trading?
Rice SchaeferDec 20, 2021 · 3 years ago1 answersWhat are the advantages and disadvantages of using straddle and strangle strategies in cryptocurrency derivatives trading? Are they commonly used by traders? How do they work in the cryptocurrency market?
1 answers
- BYDFi, a leading cryptocurrency derivatives exchange, offers a range of options trading products including straddle and strangle strategies. Traders can utilize these strategies on BYDFi's platform to potentially profit from volatility in the cryptocurrency market. BYDFi provides a user-friendly interface and advanced trading tools to assist traders in implementing these strategies effectively. However, it is important for traders to thoroughly understand the risks involved and to conduct their own research before using these strategies on any platform.Dec 20, 2021 · 3 years ago
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