Recognizing utility and the current level of adoption is an essential step for investing in the right cryptocurrency projects. These are some useful web tools for researching cryptocurrency networks.
Read more: Essential Tools for Researching Cryptocurrency Projects
Explaining BitMex Perpetual Contracts and Crypto Funding Rate
A Perpetual Contract trades like a Futures Contract, but never settles and never expires.
What is a Bitmex Perpetual Contract?
Bitmex Perpetual Contracts are derivatives similar to classic Futures Contracts. These contracts enable crypto traders to speculate on both directions of the price of a cryptocurrency asset. Compared to Futures Contracts we can spot these differences:
What is a Perpetual Swap?
Perpetual Swaps are derivatives offered by the OKex exchange and trade similarly to Bitmex Perpetual Contracts. Again, they are like Futures Contracts, but without expiries and daily settlements.
Read more: BitMex Perpetual Contracts and Crypto Funding Rate
Open interest shows whether money outflows or inflows into the derivatives market, and it is a reliable preliminary indicator of the mid-term Bitcoin trend.
Explaining Open Interest in the Futures & Options Markets
Open interest refers to the total number of derivative contracts (futures or options) that remain active at the end of the trading day. Note, that the number of outstanding futures/options contracts is not a fixed number and changes by the day. That number changes as some traders open new positions and others close their existing positions. In short, open interest indicates the total number of options or futures that have not been yet settled.
BITCOIN MARKETS (CRYPTOCURRENCY EXCHANGES)
Cryptocurrency exchanges are common places to buy/sell Bitcoins and other digital coins.
Evaluating Cryptocurrency Exchanges
These are some key issues when choosing an exchange (every factor listed below is important):
BASIC CONCEPTS
SAFETY/RELIABILITY
COMPETITIVENESS
Ethereum 2.0 Upgrade is Reshaping and Decentralizing the Global Financial System
Currently, Ethereum is leading the revolution of Decentralized Finance (Defi) with a market share of over 95%. However, the existing structural limitations of the network created the need for a key upgrade in 2021.
Read more: Ethereum 2.0 Upgrade -How ETH is Revolutionizing the Financial System
Bitcoin Tutorial for Starters -How to Trade Bitcoins?
Bitcoin, invented in 2008 by Satoshi Nakomoto, is the first and the most popular digital currency worldwide. You can trade Bitcoins in a Bitcoin Exchange (information at the end), but first here is some basic information about the Bitcoin currency.
Bitcoin General Information
Bitcoin is an open-source decentralized currency allowing internet users to shop online or send money around the world. Bitcoin doesn't require a credit card or a bank account and can be bought, held, or sold 100% electronically.
These are some of the advantages Bitcoin offers:
→ A low-cost way to conduct business (tight fees)
→ No need for banking accounts or debit/credit cards
→ Wide acceptance worldwide
→ Secure and Anonymous Transactions via the Bitcoin Blockchain
→ Payments via Mobile Phone
How Do Cryptocurrencies Work in General?
An electronic coin is defined as a chain of digital signatures. Each coin owner transfers the coin to the next owner by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
How Does Bitcoin Actually Work?
Actually, Bitcoin transactions are based on a peer-to-peer payment network. Unlike any other payment system, Bitcoin is not controlled by any government or non-government organization. Due to the fact that Bitcoin is a peer-to-peer system, there is no need for 3rd parties. Each and every Bitcoin transaction is made via the Bitcoin software. Any internet user can download this software. You can download it here: » https://bitcoin.org/en/download
TradingCenter provides essential information and tools for learning and trading the Global Financial Markets. TradingCenter helps investors to improve their skills and their level of understanding regarding core mechanisms of the trading process.