If you make the right prediction then you’ll receive a $1 payout per contract. So if you trade on the Yes contract for Above $1,900 and are correct, then you’ll receive a $0.40 profit per contract that you purchased. So if you purchased 100 contracts then you’ll receive a profit of $40, if you purchased 1000 contracts then your profit will be $400 and so on.
I looked at this market over a 24 hour period and even in that short space of time the prices of each contract changed a lot. This is likely because more traders ‘entered the chat’ as it were, so there was a higher volume of trading happening. Once this market closes, any settlements will get worked out automatically and you’ll receive any profits within 24 hours.
Getting started with Ethereum Crypto.com prediction markets
If you would like to give Ethereum prediction markets a go, then it all works very similarly to Polymarket crypto markets so here’s how you can get involved.
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Click on our links for Crypto.com to open up the site on its homepage.
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Find the button for creating a new account and get started entering all of your information.
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Pop in everything that the site is asking for and complete the verification steps. This involves uploading a copy of your ID and proof of address, and is always required.
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Deposit the funds that you’d like to trade with, using any of the available payment methods. At Crypto.com, you can deposit with debit cards, Apple Pay, Google Pay, bank transfer and cryptocurrencies.
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Load up the prediction market section of the site and browse through the available Ethereum markets.
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Carefully check the question, the price of contracts volume traded so far etc. all of this will influence whether you want to trade on this contract and how you want to trade.
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Choose the number of contracts that you’d like to purchase and confirm your trade.
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Keep an eye on the market as the price fluctuates and wait for it to settle.
If this is your first time with Ethereum prediction markets, then it’s best to keep it small. Just like with 5 minute crypto prediction markets, trade on one contract for now just to see how it all works. Then once it settles, you could slowly build it up.
Top tips for trading Ethereum prediction markets
Here are a few top tips for those getting into Ethereum prediction markets for the first time.
💰 Understand the contract prices
All of the contract prices that you'll see speak to the probability that that outcome will be correct according to other traders. These are probabilities and in no way reflect actual guarantees. Just because more traders believe that a price will go higher rather than lower, doesn’t make them correct. So it's important that you use the probabilities to help, but ultimately make your own decision.
🚫 Put trade caps in place
It’s very easy to lose a trade and then spend an afternoon chasing loads of other trades to get it back. Sites like Crypto.com will let you put loss and profit caps in place to stop you from being able to chase those losses. It's best to set these up before you start trading, when there’s no emotion involved.
📉 Start small
When you first start trading on Ethereum prediction markets, Solana prediction markets, or any other crypto options for that matter, it's best to start small. Cryptocurrencies are volatile markets which means that they’re constantly changing. The contract prices can look very different one day compared to the next, so you have to be prepared to ride out the changes.
🔍 Consider multiple markets
There’s no reason that you have to stick to just one Ethereum prediction market at Crypto.com. There are quite a few different types available to explore that you can have a go of. I’d recommend checking out a few questions and seeing which ones appeal to you.
Make every prediction count at Crypto.com
Get real-time market insights at Crypto.com
Pros and cons Crypto.com Ethereum prediction markets
- High volatility
- Large trading volume
- Range of potential markets
- Can be a bit unpredictable
Conclusion - Crypto.com is a great platform for Ethereum prediction markets
Overall, Crypto.com Ethereum prediction markets, like their Bitcoin prediciton markets counterparts, offer an exciting way to predict how the price of Ethereum will change. This could be over the course of a day, a week, a month or longer. Whether you’d rather make some quick predictions that will be over in five minutes, or you’d rather take a long-term look at how the price will shift, there’s a pretty decent range of markets at Crypto.com. The platform itself is easy to get around and it has a fantastic mobile app, which is great for any users who prefer to set your trades up on the go.
With all of this in mind, Ethereum is well known for being volatile which means that the prices of the contracts will change quite rapidly. This happens more on short-term markets, but you’ll likely see these changes across all of them. It’s therefore super important that you understand all of the rules of how the markets work before getting involved. Always start small and then build up your markets and number of contracts. Find the links to Crypto.com in this guide and sign up if you haven’t got an account already.
Crypto.com Ethereum prediction markets FAQs
What are Crypto.com Ethereum prediction markets?
Crypto.com Ethereum prediction markets allow you to trade on how the price of Ethereum will change, without actually having to own the cryptocurrency outright. Instead of buying ETH, you’ll simply purchase contracts trading on whether you think the price of Ethereum will go up or down, or reach a specific milestone. You’ll have to make these choices before the market settles and then see whether your prediction was correct.
How do Ethereum prediction markets work?
Each market that you see is based on a specific question about Ethereum that has two possible outcomes. These are usually Yes or No, but it can be Up or Down, or X price vs X price. Every outcome will have a contract price which tells you how likely other traders think that the outcome is to happen. If you choose the correct outcome, then you’ll receive a $1 payout per contract you’ve purchased, with the profit being the difference between the payout and the price of the contract.
Do I need to own Ethereum to trade on Ethereum prediction markets?
Nope! One of the key standout advantages of prediction markets is that you’re just speculating on the price of Ethereum, you don’t actually need to own it. If you want to deposit funds at Crypto.com using your existing ETH then that’s absolutely fine, but it’s not at all required. There are loads of different payment methods you can use to deposit funds including debit cards, Apple Pay, Google Pay and bank transfer.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.