Which digital currencies can be used as collateral for CDS futures?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure, here is a list of digital currencies that can be used as collateral for CDS futures: Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. These are the most commonly accepted digital currencies for collateral in CDS futures trading. However, it's important to note that the specific requirements may vary depending on the exchange or platform you are trading on. It's always a good idea to check with your exchange or broker to confirm which digital currencies are accepted as collateral for CDS futures.
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• Dec 18, 2021 · 3 years ago
  CDS futures are a type of derivative contract that allows investors to speculate on the creditworthiness of a particular entity. When it comes to using digital currencies as collateral for CDS futures, the most widely accepted ones are Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. These digital currencies have established themselves as the major players in the cryptocurrency market and are generally considered to have sufficient liquidity and stability to be used as collateral. However, it's important to keep in mind that the acceptance of digital currencies as collateral may vary depending on the specific exchange or platform you are trading on. It's always a good idea to do your research and consult with your broker or exchange to ensure that the digital currency you want to use as collateral is accepted.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we accept Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash as collateral for CDS futures. These digital currencies have proven to be reliable and have sufficient liquidity to be used as collateral. However, it's important to note that the acceptance of digital currencies as collateral may vary depending on the specific exchange or platform you are trading on. It's always a good idea to check with your exchange or broker to confirm which digital currencies are accepted as collateral for CDS futures.
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