Dear BitForex users,
BitForex will launch perpetual contract on 2019/07/01, at 18:00 (GMT+8)!
BitForex Perpetual Contract Introduction
The BitForex Perpetual Contract is a financial derivative similar to a traditional futures contract and margin trading.
BitForex Perpetual Contract Features:
1. No expiry or settlement date;
2. Use the funding rate mechanism to anchor the spot margin trading index and adjust the unreasonable spread between the contracts’ price and the spot price;
3. When the insurance fund is used and the forced liquidation is still not possible, the system will close the reverse position of the liquidation position based on the priority of leverage and profitability. BitForex uses the Auto-Deleveraging system (ADL) instead of a socialized loss mechanism to protect traders from being affected by large losses caused by high-risk speculators.
The BitForex perpetual contract type is BTC / USD perpetual contract for full position margin mode. Each contract represents a BTC of 1 USD equivalent, and the traders are free to buy the contract for longs or sell for shorts based on your predictions about the market and profit from the ups and downs of the prices.
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