Dear BitForex Users,
BitForex Perpetual Contract Trading is launching on July 31st, 2019 at 15:00 (GMT+8).
Currently, the BTC/USD trading pair will be available for users.
Perpetual Contract Trading will be available for users once BTC is transferred to their Perpetual Contract Trading account from their Spot Trading account.
BitForex Perpetual Contract Introduction
BitForex Perpetual Contracts are a financial derivative similar to a traditional futures contract and margin trading.
BitForex Perpetual Contract Features:
- No expiry or settlement date;
- 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;
- When the insurance fund is used and 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 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 market predictions and profit from the ups and downs of price fluctuations.
Come and join BitForex Perpetual Trading! Trade in the moment — Invest in the future.
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