Which cryptocurrencies are most commonly traded using call put options?

3 answers

• Nov 26, 2021 · 3 years ago
  Sure! Some of the most commonly traded cryptocurrencies using call put options include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These options allow traders to speculate on the price movements of these cryptocurrencies without actually owning them. It provides an additional way for investors to hedge their positions or take advantage of market volatility. However, it's important to note that the availability of call put options may vary across different cryptocurrency exchanges and platforms.
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• Nov 26, 2021 · 3 years ago
  Absolutely! When it comes to call put options trading in the cryptocurrency market, Bitcoin (BTC) is definitely the most popular choice. Ethereum (ETH) and Ripple (XRP) also see a significant amount of trading activity in this regard. Traders often use call put options to leverage their positions and potentially profit from price movements without directly owning the underlying assets. It's an interesting strategy for those who want to participate in the cryptocurrency market without the need for actually buying and selling the coins.
  540180
• Nov 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a wide range of call put options for various cryptocurrencies. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are among the most commonly traded cryptocurrencies using call put options on BYDFi. These options provide traders with the flexibility to profit from both upward and downward price movements, depending on their trading strategies. However, it's important to conduct thorough research and understand the risks associated with options trading before getting involved.
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