How can I trade futures on the ASX using cryptocurrencies as the underlying assets?

3 answers

• Demi JoanaJul 15, 2024 · a year ago
  Sure, trading futures on the ASX using cryptocurrencies as the underlying assets is an exciting opportunity. One platform that offers this option is Binance, a leading cryptocurrency exchange. To start trading, you'll need to create an account on Binance and complete the necessary verification process. Once your account is set up, you can navigate to the futures trading section and select the ASX market. From there, you can choose the desired cryptocurrency as the underlying asset and start trading futures contracts. Keep in mind that futures trading involves risks, such as price volatility and leverage, so it's important to do thorough research and manage your risk effectively.
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• Cephas GondweNov 07, 2023 · 2 years ago
  Trading futures on the ASX using cryptocurrencies as the underlying assets can be a profitable strategy. One popular exchange that offers this option is Coinbase. To get started, you'll need to sign up for a Coinbase account and complete the necessary verification steps. Once your account is verified, you can access the futures trading platform and select the ASX market. From there, you can choose the desired cryptocurrency as the underlying asset and start trading futures contracts. It's important to note that futures trading carries risks, so it's advisable to start with a small investment and gradually increase your position as you gain experience and confidence.
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• Giovanni Helga ArigayoSep 13, 2021 · 4 years ago
  BYDFi is a platform that allows you to trade futures on the ASX using cryptocurrencies as the underlying assets. To start trading, you'll need to create an account on BYDFi and complete the necessary verification process. Once your account is set up, you can navigate to the futures trading section and select the ASX market. From there, you can choose the desired cryptocurrency as the underlying asset and start trading futures contracts. It's important to understand the risks involved in futures trading and to use proper risk management strategies to protect your investment.
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