What are Cryptocurrency Futures?

What are Cryptocurrency Futures?
Cryptocurrency has become very popular over the years. Many people have started to invest in cryptocurrencies. Some sites even allow cryptocurrency payments as well.

It has brought a change to the financial status of the world. Some governments are considering incorporating certain aspects of cryptocurrency in fiat currencies.

What is Cryptocurrency?
Cryptocurrencies are digital currencies that provide high-end security by using cryptography. They are decentralized currency forms with no link to bank. Bitcoin, Litecoin, Ripple and Ethereum are some of the popular cryptocurrencies.

It is with the introduction of Bitcoin that cryptocurrency usage has skyrocketed. Bitcoins price has reached a value of $9,861 as of February 2020.

Even though cryptocurrencies have made investors crazy with its popularity and value, the fact is that it is highly volatile in nature. The value of bitcoin can increase or decrease dramatically causing profit or loss.

How Volatility of Assets Affects Investors?
Volatile assets fluctuate in value for a number of times in a definite time period. These assets are considered riskier. It is very hard to predict whether the value is going to rise or fall causing substantial losses.

As mentioned before, cryptocurrencies are such assets that are very volatile. Their values fluctuate on a recurring basis. Most of the time, when the price of a cryptocoin goes down or up, the owners sell them for profits or to avoid loss.

However, if it’s value rises after the sale, the owner won’t be able to bag the profits. At the same time, if he/she doesn’t sell and the value decreases, it will be a huge loss for him/her.

This is where cryptocurrency futures contracts come in. It allows the crypto coin owner to reduce unanticipated risks with crypto assets trades.

Cryptocurrency Futures Contracts
Cryptocurrency futures are agreements to buy or sell crypto assets at a certain time for a fixed amount of money. These are mainly used by traders to protect their investments. It can also counter their losses in investments that are volatile.

It allows betting on the future value fluctuations to secure market positions and benefit from bull or bear markets. It also doesn’t require you to actually own an underlying asset.

What is Bityard?
Being the world’s leading cryptocurrency contract trading platform, Bityard provides safe, simple and fast transactions. It focuses on both small and medium level investors.

They have powerful investments from across the globe. They have users from more than 150 countries including North America, Europe, Asia Pacific, Southeast Asia Countries, and regions.

Since there is news about frequent crypto assets being stolen, security is of utmost importance. The security for storing the assets and contract details in Bityard are top-notch with Google’s two-factor authentication.

For added security, all digital assets are stored in cold wallets. Compared with other contract providers in the market, Bityard has invested a lot in security.

Another factor that makes Bityard the best is the speed of the contract transactions. Since more investors are entering the field daily, the number of transactions and contracts have increased by a large margin.

Bityard’s high-speed matching mechanism allows super-fast transactions. The speed reaches up to one million contract transactions per second, without any delays.

Conclusion
Bityard is focusing on improving its customer care by providing secure, simple and fast cryptocurrency contracts. They are planning to expand their platform to the whole world with more improved security and services. No matter where they strive to bring development and blockchain value services.

It’s easy to see that the company will be growing much more rapidly since cryptocurrency futures helps in protecting the investors hard-earned money.