Which digital currencies are commonly traded through options?

3 answers

• Jan 08, 2022 · 3 years ago
  Sure! Some of the commonly traded digital currencies through options include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a high trading volume and are popular among options traders. Options trading allows investors to speculate on the price movement of these digital currencies without actually owning them. It provides an additional way to profit from the volatility in the cryptocurrency market.
  466233
• Jan 08, 2022 · 3 years ago
  Options trading in the cryptocurrency market has gained popularity in recent years. Apart from the major cryptocurrencies like Bitcoin and Ethereum, there are also options available for other digital currencies such as Cardano (ADA), Polkadot (DOT), Chainlink (LINK), and Binance Coin (BNB). These options provide traders with more opportunities to diversify their portfolio and take advantage of price movements in different cryptocurrencies.
  443148
• Jan 08, 2022 · 3 years ago
  At BYDFi, we offer options trading for a wide range of digital currencies. Apart from the popular ones like Bitcoin and Ethereum, our platform also supports options trading for lesser-known cryptocurrencies such as Dogecoin (DOGE), Stellar (XLM), and VeChain (VET). Options trading can be a great way to hedge your positions or speculate on the price movement of these digital assets. It's important to do your own research and understand the risks involved before engaging in options trading.
  493124