XYes Crypto
Futures
At XYes.com, our clients can speculate on the future prices of specific cryptocurrencies. Similar to futures contracts in traditional financial markets, cryptocurrency futures contracts are agreements that stipulate buying or selling a certain amount of cryptocurrency at a predetermined price at a specific future date.
Here’s an analysis of how cryptocurrency futures work:
Speculation and Hedging: Clients can use futures contracts to speculate on future price movements of cryptocurrencies. If you believe the price will rise, you might purchase a futures contract (going long); if you believe the price will fall, you might sell a futures contract (going short). This allows XYes clients to potentially profit in both bull and bear markets. Additionally, futures contracts can also be used for hedging, helping to mitigate the price risks associated with holding cryptocurrencies.
Customers will have to agree to the following Disclaimer:
Risk Warning
Crypto currency trading carries a high level of risk and you may lose all your funds. Please be mindful that the higher the multiplier you use, the more risky the bet will be. But in any circumstances, you cannot lose more than your wager. Keep your bet open for longer than 8 hours and you might incur or receive hourly funding payments, depending on market conditions. When the market is bullish, the funding rate is positive and long traders pay short traders. When the market is bearish, the funding rate is negative and short traders pay long traders. Funding payments are paid directly from your balance. Make sure you have enough to cover your bets if you're planning to have them open for longer than 8 hours. Otherwise, your bets might get closed automatically.
*Crypto trading is not gambling, and therefore not covered by our gaming license. Utilizing multiple accounts to circumvent maximum position size is strictly prohibited and can result in account penalties.
Crypto Swap
This option is currently not available.
XYes cryptocurrency swap is a process that allows users to convert one cryptocurrency into another. By exchanging cryptocurrencies, XYes users can rebalance their portfolios, take advantage of different market conditions, or gain access to more investment opportunities. Below, we provide a detailed look at how to perform a Bitcoin exchange on XYes.com:
Go to your Wallet, which can be found in the upper right corner of the XYes page, and select it.
From there, choose the crypto swap option and select the cryptocurrency types and amount you wish to swap.
Once you’ve made your selections, click the swap button.
After the swap is complete, a message will appear confirming the transaction.
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