Coin On Launches ETH 1-75 Times BTC Perpetual Forward Contract

04/25/2023 09:13 • Blockchain Briefs • 85 views

On April 25th, according to official announcement, Coin On will launch ETH 1-75 times BTC perpetual forward contract at 20:00 on April 26th. The contract uses ETH as the underlying asset and BTC as the settlement asset, which means the contract uses BTC to settle the asset and calculate the face value, and can provide up to 75 times leverage.

Coin An Online ETH1-75 Times BTC Perpetual Forward Contract

The cryptocurrency market is always expanding, and its participants are always looking for new ways to benefit from it. One of the most popular methods of trading is leveraging, and now Coin On has taken it to the next level with the launch of their ETH 1-75 times BTC perpetual forward contract.

What Is a Perpetual Forward Contract?

A perpetual forward contract is a type of futures contract that does not have an expiration date. Instead, it is designed to replicate the profit and loss of a futures contract without the need for regular settlement. Traders can open and close positions whenever they wish, and the contract value is determined by the difference in the underlying asset’s price and the contract’s synthetic price.

How Does the Contract Work?

Coin On’s ETH 1-75 times BTC perpetual forward contract uses ETH as the underlying asset and BTC as the settlement asset. This means that the contract is settled using BTC and that the contract’s face value is calculated in BTC. Traders can use up to 75 times leverage to amplify their profits, but they should be aware that they can also amplify their losses.

Why Is This Contract Relevant?

The ETH 1-75 times BTC perpetual forward contract is relevant to cryptocurrency traders because it provides them with another way to benefit from the market’s volatility. By using leverage, traders can amplify their profits and take advantage of even small price movements. However, they should also be aware of the risks involved and the importance of proper risk management.

How Can Traders Take Advantage of This Contract?

To take advantage of Coin On’s ETH 1-75 times BTC perpetual forward contract, traders will need to open an account with the exchange and fund it with BTC. They can then select the contract they wish to trade and set their leverage. Traders should also be aware of the liquidation threshold, which is the price at which their position will be automatically closed if their losses exceed their available margin.

Conclusion

Coin On’s ETH 1-75 times BTC perpetual forward contract is an exciting addition to the cryptocurrency market, providing traders with another way to benefit from the market’s volatility. However, it is important to remember that trading with leverage carries risks, and traders should be sure to use proper risk management practices.

FAQs

1. What is a perpetual forward contract?
A perpetual forward contract is a type of futures contract that does not have an expiration date. Instead, it is designed to replicate the profit and loss of a futures contract without the need for regular settlement.
2. How does Coin On’s contract work?
Coin On’s ETH 1-75 times BTC perpetual forward contract uses ETH as the underlying asset and BTC as the settlement asset. Traders can use up to 75 times leverage to amplify their profits.
3. How can traders take advantage of this contract?
Traders can take advantage of Coin On’s ETH 1-75 times BTC perpetual forward contract by opening an account with the exchange, funding it with BTC, and selecting the contract they wish to trade. They should also be aware of the risks involved and use proper risk management practices.

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