Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.
However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)
R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?
T: Sure, My name is Tom, I have over 10 years’ trading experience. I am one of the partners of the Bex500 Crypto-funds group. The capital size of this fund is over 8000 Bitcoin (over 60 million US dollars.
R: There a lot of traders are interested in Bitcoin futures contracts, could you tell us more about it?
T: Ok! The bitcoin futures contract is a derivative which is an agreement within buyer and seller to exchange the amount of bitcoin (crypto assets) at a settled price and specific time in the future. The bitcoin futures contract is usually along with leverage. Different from the regular spot trading, the futures contract has the following characteristics:
In conclusion, the bitcoin futures contract is the tool to give traders more trading options which can help traders to hedge the risk from the bear market. For the high risk speculators, bitcoin future is a great tool for them to earn multiple profits.
R: Where to trade bitcoin futures contract?
As I am the senior investor of the Bex500 exchange, I may introduce you Bex500 exchange. Indeed, I become the partner of Bex500 Crypto-Funds because the Bex500 team is one of the most top professional teams in the Cryptocurrency and finance area.
Bex500 exchange is a world-leading cryptocurrency futures exchange platform established in HongKong in 2018. It has over 40 trading products includes the perpetual contract and double contract of bitcoin and cryptocurrency, forex, commodity CFD. All the trading products can be traded in a single bitcoin-based account.
Bex500 provides up to 200 times leverage which is superior to most bitcoin exchanges. Compared to other famous exchanges, such as Bitmex, Bex500 has more strengths: friendly interface, easy-to-use trading operation system and no slippage of the market. All those strengths represent the professional and humanization of the platform.
Bex500 team is built by a great number of great professionals from finance, web development, and High-frequency trading area. As Bex500 introduction said, “Bex500 is the first crypto exchange which employs advanced financial trading system”. The whole team has over 30 years’ experience in “traditional finance market”. It is the reason why I am here. I like to work with professionals.
R: Thank you, Tom, Hope you good luck with your work.
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