Are there any digital currency derivatives based on Nymex crude futures?

3 answers

• Church IveySep 23, 2022 · 3 years ago
  Yes, there are digital currency derivatives based on Nymex crude futures. These derivatives allow traders to gain exposure to the price movements of Nymex crude futures through digital currencies. By trading these derivatives, traders can speculate on the future price of digital currencies without directly owning them. This provides a convenient way for traders to diversify their portfolio and take advantage of the price volatility in both the digital currency and Nymex crude futures markets.
  497

  249
• Samuel AnjorinAug 04, 2021 · 4 years ago
  No, currently there are no digital currency derivatives based on Nymex crude futures. While there are derivatives available for other commodities and financial instruments, such as gold and stock indices, there is no specific derivative product that tracks the price movements of Nymex crude futures through digital currencies. However, this may change in the future as the digital currency market continues to evolve and new derivative products are developed.
  460

  154
• Ahmad AllitoFeb 23, 2024 · a year ago
  BYDFi offers digital currency derivatives based on Nymex crude futures. These derivatives provide traders with the opportunity to profit from the price movements of Nymex crude futures through digital currencies. By trading these derivatives, traders can hedge their exposure to the digital currency market and take advantage of the price volatility in the Nymex crude futures market. It's important to note that trading derivatives involves risks, and traders should carefully consider their investment objectives and risk tolerance before engaging in derivative trading.
  572

  143