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Trading Ethereum futures on AAX

Trading Ethereum futures on AAX

Explainers AAX

27 Aug 2020

Ethereum features trading is hot as the second-biggest cryptocurrency by market cap sees bullish sentiments return since 2018. In this article, we look at how to trade ethereum futures on AAX.

Ethereum is an open-source, decentralized applications (DApps) platform. Unlike bitcoin, ethereum is not just a payment protocol but also a platform that powers other ecosystem applications.

Since its launch in 2015, ethereum has risen to prominence and is one of the world's most active blockchains.

As the crypto ecosystem evolves, new ways of trading crypto assets are introduced and embraced. One of the most popular forms of trading cryptocurrencies in 2020 is trading futures.

Initially, most exchanges offered only bitcoin futures. However, more platforms are warming up to a broader range of crypto futures trading options, including ethereum futures.

Ethereum futures have seen a spike in volume according to a report filed by industry leader, The Block Crypto. Even though, bitcoin futures trading continues to dominate with three times the volume of ethereum futures. The second-largest cryptocurrency is catching up.

AAX allows users to trade ethereum futures. Futures trading involves using an asset for collateral while speculating on the price direction of a cryptocurrency. When trading futures, the trader does not need to own the cryptocurrency; they are trading directly.

The trader can go short or long when trading ethereum futures. Short positions return profits to the trader if he accurately predicts a fall in the price of ethereum. On the other hand, a trader makes a profit with a long position when the value of ethereum goes up.

What's more, AAX allows you to trade ethereum futures with up to 50x leverage. This means that traders can "borrow funds" to trade ethereum futures. For instance, if you trade on a platform like AAX with 1:50 (50x) leverage, you will only pay 1% of your position.

How To Trade Ethereum Futures on AAX

AAX allows you to trade ethereum futures with BTC as collateral. This means that to trade ethereum futures on AAX, the trader must have BTC in their wallet. To get started with ethereum futures trading on AAX, click on the 'Futures' drop-down menu at the top of the homepage and select BTC settled.

The default trading pair every time you go to the BTC settled futures section is 'BTCUSD'. Click on the drop-down menu to select 'ETHUSD'.

You can place your order on the right panel of your screen. Check the contract price and enter the amount of BTC you wish to spend.

Click the 'long' or 'short' button to start the trade. Depending on your selection, you will see a pop-up with a comprehensive description of your trade terms.

Examine the terms and click 'Confirm' to purchase the contract.

Are you ready to put your skills to the test?

AAX is the world’s first digital asset exchange to be powered by LSEG Technology. Offering OTC, spot, and futures, it provides a highly secure, deeply liquid and ultra-low latency trading environment; and a meeting point between crypto and global finance.

Open an account with AAX, or download the app, and experience the next generation crypto exchange.

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AAX Trends focuses on market trends and analyzes essential events and factors in the cryptocurrency space. From DeFi, NFTs to GameFi and the metaverse, AAX has the answer to everything in the digital assets industry.

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