When it comes to derivatives, the most frequent question I see on Google is “what are cryptocurrency derivatives?”. Well, today we will give you a clear answer to this question. Let’s check it out…
What are cryptocurrency derivatives?
According to Cointelegraph, a derivative is a financial contract between two or more parties based on the future price of an underlying asset. Financial derivatives are discussed a lot when it comes to the crypto industry, especially concerning futures contracts for Bitcoin or altcoins. For this reason, it is worth noting that the derivative is one of the oldest forms of a financial contract that exists on the market.
Which one is the best platform to trade derivatives?
Only a few niches of people trade derivatives. Mainly because only experts in trading and cryptocurrency trading have enough knowledge to trade them. This is applicable to trading platforms too. However, we are lucky to say that Phemex offers derivatives trading. Phemex is the fastest cryptocurrency trading platform, but also the most trustworthy! Phemex offers 24/7 human customer service that will be able to help you with any of your enquiries at any time. They not only offer derivatives, but also Bitcoin, Ethereum, Ripple, Litecoin, and EOS perpetual contracts, with up to 100x leverage.
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