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Trading has always been part of the cryptocurrency world. Crypto believers anticipate a future when digital assets will be as widely used as euros and pounds, but today, the smart money is investing. What is a futures account crypto Each contract is for a standard amount of the underlying asset. For example, gold futures trade in contracts for 100 troy ounces. So, if gold is trading for about $2,000 per ounce, each futures contract is $200,000 in value. Oil is measured in barrels, which are about 42 gallons, and each futures contract is for 100 barrels. Corn is measured in bushels, which weigh approximately 56 pounds, and futures contracts are standardized to 5,000 bushels.
For crypto traders, futures and options remain intriguing trading instruments. They allow for calculated risks and speculations, thus, increasing the rate at which people exchange cryptocurrency. Trading appears to be a niche activity reserved for financial professionals. However, it is becoming mainstream due to instruments like crypto futures and options. Even though both tools are beneficial in trading, they are not the same. Continue reading to learn more about the distinctions between them and how they work. Topo 5 Crypto Trading Bots for 2024: FREE & PAID You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. Compare Standard and Premium Digital here.