Bitcoin Futures Trading: Phemex

Author: nicolas tang

trade bitcoin futures

What is Bitcoin?

‘Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.’

What is futures trading?

Financial futures are contracts that specify the buying or selling of an underlying asset at a predetermined price on a precise date in the future. Counter parties are obligated to fulfill the terms of the contract upon expiration, either buying or selling the asset at the price once the contract expires.

Parties can take two positions in a futures contract; long or short. Long means that the party agrees to buy the underlying asset in the future at a specific price, while short means the party agrees to sell the underlying asset at a specific price upon the contract’s expiration in the future.

Where can I trade Bitcoin futures?

If you want to start trading BTC 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.

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.

For any inquiries contact us at support@phemex.com.

Follow our official Twitter account to be updated on the latest news.

Join our community on Telegram to interact with us and the Phemex traders.

Phemex, Trade Simple Click here to learn more about our 2.1 BTC puzzle

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