New Vision, New Concept
Cryptocurrency Futures Trading In India
Futures Trading allows users to complete crypto transactions based on their future predictions for the markets they are investing in. Simply put, if a user believes that the price of a token is going to rise, they are able to create a contract that allows them to create a purchase with a view to selling it at a higher price in the future. The same is true for token prices that are predicted to fall - users can sell their current positions with a view to buying it back at a lower price.
Let's take an example in the form of a Bitcoin Futures contract. The current spot price, in March for example, of the token is $100. The user buys 10 tokens, giving them an asset of $1,000 in Bitcoin tokens. However, the user predicts that this current position will go up in the future, so they wish to trade in a Futures contract. They trade a Bitcoin Futures contract that will expire in July against the 10 tokens that they currently own.
When July comes, and it's time to settle the contract, the current position of the tokens will be considered. If the current position is now $150, the user will make a $500 profit as their tokens will now be worth $1,500 . However, if the position is now $50, the user will make a $500 loss. The principle of Futures Trading remains - a token's future position is predicted, and a trade is made against it.
To trade Futures contracts on BW6.com, you will firstly need your account set up, with a withdrawal address linked to your account and a completed deposit. Details on both how to set up a withdrawal address and how to deposit can be found on your 'Account Information'.
Once you have completed the steps required to set up your account, add a withdrawal address and deposit funds into your account, head to the BW6.com desktop platform, or open the BW6 App. On desktop, log in to your account and then head to 'Derivatives' at the top of the page. From here, select 'Perpetual Futures' and navigate the trading page to your preferences. On the app, log in to your account and select 'Future' on the main page to start trading!
We expect 2022 to be a very important year for India in cryptocurrency, and can't wait to see how it unfolds. If you feel it is the right time to get involved in the crypto space and begin to trade, we would love to see you there!