What is the tick value of gc futures in the cryptocurrency market?

3 answers

• Sanjay MohanMay 06, 2024 · a year ago
  The tick value of gc futures in the cryptocurrency market refers to the minimum price movement of the contract. It represents the smallest increment by which the price of the futures contract can change. The tick value is calculated by multiplying the tick size by the contract size. For example, if the tick size is $0.01 and the contract size is 10 ounces, then the tick value would be $0.10. This means that for every tick the price moves, the value of the contract changes by $0.10. It's important to note that the tick value may vary depending on the specific cryptocurrency exchange and the contract specifications.
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• qifan zhangSep 29, 2022 · 3 years ago
  Tick value in the cryptocurrency market is a crucial concept to understand when trading gc futures. It determines the financial impact of price movements in the contract. The tick value is calculated by multiplying the tick size by the contract size. For example, if the tick size is 0.01 and the contract size is 10 ounces, then the tick value would be 0.10. This means that for every tick the price moves, the value of the contract changes by 0.10. Understanding the tick value can help traders manage risk and make informed trading decisions.
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• lisonMar 08, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, provides gc futures trading with competitive tick values. The tick value of gc futures on BYDFi is calculated based on the tick size and contract size. Traders can benefit from the precise price movements and manage their positions effectively. It's important to stay updated with the latest contract specifications and tick values provided by BYDFi to make the most out of gc futures trading.
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