What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
How to Trade Ethereum Futures
Ethereum futures trading is a great way to get involved in the cryptocurrency market without having to purchase any coins. Futures contracts allow you to speculate on the future price of Ethereum, without actually owning any ETH. In this guide, we’ll show you how to trade Ethereum futures, and what you need to know in order to get started.
Before we dive in, it’s important to note that Ethereum futures are a relatively new product, and as such, they’re still subject to change and evolve over time. With that said, let’s get started!
The first thing you’ll need to do is find a reputable exchange that offers Ethereum futures contracts. At the time of writing, the two most popular exchanges for Ethereum Futures Trading are BitMEX and OKEx. Once you’ve found an exchange that you’re comfortable with, you’ll need to create an account and deposit some funds. We recommend starting with a small amount of money until you get comfortable with the process.
Once your account is funded, it’s time to start Ethereum Futures Trading! If you’re not sure where to start, we recommend checking out our guide on technical analysis. This will help you understand how to read charts and make predictions about future price movements
Benefits of Trading Ethereum Future
If you’re looking to trade cryptocurrency, Ethereum futures might be the way to go. In this guide, we’ll outline the benefits of Ethereum Futures Trading and how you can get started.
One of the benefits of Ethereum Futures Trading is that it allows you to take a position on the price of ETH without having to actually purchase any ETH tokens. This can be helpful if you believe that the price of ETH is going to go up but you don’t want to tie up your capital in Ethereum.
Another benefit of Ethereum Futures Trading is that it can help you manage your risk. For example, if you have a long position on ETH but are worried about a potential price drop, you could offset your position with a short position on an ETH future. This way, if the price does drop, you’ll offset some of your losses.
Finally, Ethereum Futures Trading can be a great way to hedge your portfolio against volatility in the crypto markets. If you have a mix of crypto and traditional investments, adding a few Ethereum futures contracts can help protect your overall portfolio from wild swings in the crypto markets.
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