Do I need a digital wallet to trade Futures?
No, you do not need a digital wallet to trade Crypto Futures. Crypto derivatives* trading doesn’t involve the trading of actual cryptos. You must have an account with CoinDCX and you can easily manage all your trades on your personal dashboard on the Futures terminal.
Derivative: A derivative is a financial contract which derives its value from an underlying asset.
Derivatives have no direct value in and of themselves; in other words, their value is based on the price movements of their underlying asset. When the underlying asset is a crypto like Bitcoin, they are termed as Crypto derivatives.
Trading Crypto derivatives doesn’t actually mean buying or selling cryptos. It provides an alternative path to get exposure to the underlying crypto.
Derivatives are often used as an instrument to manage financial risk at the expense of high returns for the other party.
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