Crypto trader applies legendary HODL strategy to EUR/USD forex bet
A trader on Ostium has held a $1.14 million long position in EUR/USD perpetual futures for 400 days, applying a bitcoin-style HODLing strategy to forex.
Make preferred on
Share this article
Summary
- A trader on the decentralized exchange Ostium has held a $1.14 million long position in EUR/USD perpetual futures for 400 days, applying a bitcoin-style HODLing strategy to forex.
- The position has incurred an annual holding cost of about 2.3% through predictable rollover fees rather than traditional crypto funding rates.
- Ostium and similar platforms still represent a tiny share of the more than $9 trillion-a-day global FX market.
