How does futures trading in the cryptocurrency industry provide tax advantages?

1 answers

• IanNov 10, 2024 · 9 months ago
  Futures trading in the cryptocurrency industry can provide tax advantages by allowing traders to defer taxes on their gains. Unlike spot trading, where you immediately realize the gains or losses, futures trading allows you to delay the tax payment until you close the position. This can be beneficial for managing your cash flow and potentially reducing your tax liability in the current year. However, it's important to note that tax laws and regulations vary by jurisdiction, so it's crucial to consult with a tax advisor to understand the specific tax implications of futures trading in your country.
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