What are margin requirements in crypto futures trading?
In the realm of cryptocurrency finance, could you elaborate on the significance and implications of margin requirements in crypto futures trading? I understand that it's a crucial aspect of leveraged trading, but I'm curious about how it specifically works in the crypto market. Does the margin requirement vary with different crypto futures contracts? And what happens if a trader fails to meet the margin requirements? Could you also explain how it relates to risk management strategies and potential losses? I'm keen to understand the mechanics behind it to make informed decisions in my crypto trading endeavors.