What is the impact of micro e-mini NASDAQ on the cryptocurrency market?
MahendranAug 13, 2023 · 2 years ago1 answers
How does the introduction of micro e-mini NASDAQ futures contracts affect the cryptocurrency market? What are the potential consequences and implications for digital currencies?
1 answers
- DeerdanceJun 14, 2024 · a year agoAs a representative from BYDFi, a digital currency exchange, I believe that the impact of micro e-mini NASDAQ on the cryptocurrency market will be minimal. While it may attract some traders who are interested in diversifying their investment portfolio, the majority of cryptocurrency traders are likely to continue focusing on digital currencies. The cryptocurrency market has its unique characteristics and value proposition, which cannot be easily replaced by traditional stock market instruments. Therefore, I don't expect significant changes in the cryptocurrency market due to the introduction of micro e-mini NASDAQ futures contracts.
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