What are futures contracts?
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. Futures contracts are traded on regulated exchanges and are regulated by the Commodity Futures Trading Commission. Let’s find out more about what is Bitcoin futures!
What are Bitcoin futures?
Bitcoin futures are futures contracts that speculate on the price of Bitcoin without participants actually having to own Bitcoin. A good example of a cryptocurrency Bitcoin futures trading is Phemex. Trustworthy trading platforms like Phemex offer Bitcoin and XRP. They are available 24/7, supporting their customers for any kind of inquiry.
Which platform offers Bitcoin futures?
So, 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.
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