Qian An Announces Launch of TRU Perpetual Contract in 2023

03/06/2023 03:30 • Digital Disruptors • 97 views

According to the official announcement, Qian An announced that it would launch the TRU 1-20 times U-standard perpetual contract at 20:00 on March 7, 2023.

YUAN will launch TRU 1-20 times U standard perpetual contract

Analysis based on this information:

Qian An, a cryptocurrency trading platform, has recently made an announcement regarding the launch of TRU perpetual contract in March 2023. The TRU 1-20 times U-standard perpetual contract is a derivative contract that allows traders to speculate on the price of an underlying asset without actually owning it. It has no expiry date and continues to run perpetually until the trader decides to close it.

The launch of the TRU perpetual contract is expected to provide traders with greater flexibility and risk management tools. With no expiration date, traders can hold the contract for as long as they want, allowing them to take advantage of long-term market trends. Additionally, the 1-20 times U-standard feature means that traders can leverage their capital up to 20 times their initial investment, thereby amplifying their potential gains.

There are certain risks associated with trading perpetual contracts, one being the possibility of liquidation. Since contracts are leveraged, a small price movement in the underlying asset can trigger a margin call, forcing the trader to either top up their margin or risk liquidation. Thus, it is crucial for traders to be knowledgeable about the market and carefully manage their risks.

Qian An is a renowned cryptocurrency exchange, and the launch of the TRU perpetual contract can be seen as a strategic move to attract more traders to its platform. The exchange has already established its reputation in providing secure and reliable trading services, and the launch of TRU is set to solidify its position as a leading trading platform.

In conclusion, the announcement made by Qian An about the launch of TRU perpetual contract in March 2023 is a significant development in the cryptocurrency trading industry. With the feature of no expiry date and the ability to leverage up to 20 times, the TRU contract offers great potential for traders who are looking to diversify their portfolio and mitigate their risks. However, traders must exercise caution and diligence when trading perpetual contracts to ensure that they do not fall prey to the potential risks involved.

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Qian An Announces Launch of TRU Perpetual Contract in 2023

YUAN will launch TRU 1-20 times U standard perpetual contract

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