Decrypt crypto

Buying and trading cryptocurrency has become increasingly popular over the past decade. Its decentralized nature, accessibility, and anonymity are some of the reasons crypto has become so appealing. And now more and more investors are turning towards this form of trading. 

When we introduced X Layer, our Layer 2 blockchain, we set out to solve one of Web3’s most pressing issues: fragmentation. X Layer is an EVM L2 that is fully compatible with Ethereum, offering scalability and efficiency without sacrificing security. It connects seamlessly with the OKX Wallet and Exchange, creating a smooth and integrated experience for millions of customers. Transactions are faster and cheaper, and developers can deploy Ethereum-based applications with minimal changes.

Imagine this: you strongly believe Bitcoin's price will surge in the next few months. With spot trading , you'd buy Bitcoin directly and hold it until the price rises. However, what if you could make use of leverage to amplify your potential gains with a smaller upfront cost? Enter crypto futures — a form of derivatives that's equally beloved as it is feared by the crypto community. While it might sound intimidating for beginner crypto traders, crypto futures trading may be perfect for you if you're aware of the potential gains and risks that come with trading such crypto derivatives. This crypto futures trading guide is designed for crypto-curious beginners like you, offering a high-level overview of crypto futures trading for beginners, its potential benefits and risks, and how it's different from spot trading.