About Bitcoin Futures
A futures contract is a technique to hedge positions and reduce the risk of the unknown. It is also used for arbitrating between current spot and future contracts. Then, in the case of bitcoins, futures have been more associated with miners who face the risk of unknown future prices. Let’s learn more about Bitcoin futures trading.
How can I do Bitcoin futures trading?
When you buy Bitcoin futures, what you’re actually purchasing is an agreement to receive a certain amount of Bitcoin, or the equivalent amount of money, at a specified time. So, with this mechanism, you can profit from correctly betting that the price of Bitcoin will go up, which is called going long, or profit from correctly guessing that the price will go down, which is called going short.
Learn about Phemex
So, to start trading Bitcoin futures, you will have to register with an exchange that offers Bitcoin futures. Such exchanges are currently not many since most exchanges in the market today offer leveraged or futures trading.
A good example of a cryptocurrency Bitcoin futures trading is Phemex. Phemex is the fastest cryptocurrency derivatives exchange. Phemex is a professional and trustworthy global cryptocurrency derivatives exchange. We offer Bitcoin, Ethereum, Ripple, Litecoin, and EOS perpetual contracts, with up to 100x leverage.
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