Why are TetherUS perpetual futures popular among cryptocurrency traders?

3 answers

• Dec 17, 2021 · 3 years ago
  TetherUS perpetual futures are popular among cryptocurrency traders due to their unique features and benefits. These futures contracts are settled in Tether (USDT), a stablecoin pegged to the US dollar, which provides traders with a hedge against the volatility of other cryptocurrencies. Additionally, the perpetual nature of these futures allows traders to hold positions indefinitely without an expiration date, providing flexibility and convenience. The popularity of TetherUS perpetual futures is also driven by the high liquidity and trading volume on platforms that offer these contracts, making it easier for traders to enter and exit positions at desired prices.
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• Dec 17, 2021 · 3 years ago
  TetherUS perpetual futures have gained popularity among cryptocurrency traders because they offer a way to trade cryptocurrencies without actually owning them. This allows traders to benefit from price movements without the need for a digital wallet or the risk of storing cryptocurrencies. Furthermore, TetherUS perpetual futures provide leverage, allowing traders to amplify their potential profits or losses. The availability of leverage attracts both experienced traders looking for higher returns and novice traders looking to enter the cryptocurrency market with limited capital.
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• Dec 17, 2021 · 3 years ago
  As a representative from BYDFi, I can say that TetherUS perpetual futures have become popular among cryptocurrency traders due to the trust and stability associated with Tether (USDT). Tether is one of the most widely used stablecoins in the cryptocurrency market, and its peg to the US dollar provides traders with a reliable and familiar reference point. The perpetual nature of these futures contracts also eliminates the need for traders to constantly roll over their positions, making it more convenient and cost-effective. Additionally, the availability of TetherUS perpetual futures on various cryptocurrency exchanges ensures that traders have access to these contracts regardless of their preferred trading platform.
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