Bitcoin Futures had been around for a while, just a little before 2018. At first, they were being traded on “Cryptocurrency Exchanges: as an unregulated asset. But in the very first week two highly effective exchanges “Chicago Board Options (CBOE) and Chicago Mercantile Exchange (CME)” started trading Futures based on Bitcoin.
Bitcoin Futures is basically an agreement between two parties to buy or sell a financial instrument. When the contract expires, both parties to the contract must buy and sell the instrument at the agreed price – even if the price of the instrument has fallen or risen over time, which in this case is Bitcoin.
Futures are derivative financial contracts that obligate both parties to transact an asset at a predetermined date and price.
Bitcoin Futures Trading
Bitcoin Futures contracts are traded and negotiated on cryptocurrency exchanges like Phemex.
Phemex is a cryptocurrency derivatives exchange which offers Bitcoin and USD settled perpetual contracts of BTC, ETH, XRP, LTC and EOS with up to 100X leverage. Below is the complete way to sign up at Phemex.
Sign up method at Phemex is extremely simple. It doesn’t require any “KYC” verification at the sign up. All you need to do is just provide your preferred email and choose a password for your account. Once done, then hit “Register” and head back to your email to verify your mail. A link will be sent to you by Phemex, click the verification link and you’ll be successfully registered at Phemex.
Deposit your bitcoins into your Phemex account. Once your Bitcoins arrive into your account, then log in and head over to the button that says “TRADE” on the left top corner and click it. It will open the exchange page for you. Then from the menu at the left side you can select the number of contracts you want to buy and at what price you want you order to get filled. You can also use up to 100X leverage from the leverage meter below the order menu. Hurray…! Now you know how to “BUY & SELL” your Futures Contracts.
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