Perpetual Futures Contracts Are Here!

WhiteBIT
Published 10 June 2022
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Perpetual Futures Contracts Are Here!

Content

Great news that many have been waiting for! We have completed the functionality of our platform with the possibility to trade perpetual futures contracts for cryptocurrency. It’s an excellent tool for risk management, increasing income with leverage, and much more! Let’s get into details!

What are perpetual futures contracts?

Cryptocurrency perpetual contract trading is a popular form of futures trading. A characteristic feature of such contracts is the absence of the contract’s expiration date. Contracts stay very close to the spot price due to the funding mechanism. The funding principle lies in the ability of traders to make or receive payments depending on their open positions at a specific time. A trader with a long position and a positive rate makes a payout to a trader with a short position and vice versa.

Benefits of trading futures

Futures trading has a large fanbase. Here are some reasons why futures trading is so popular among crypto enthusiasts:

  • fees for trading futures are lower if compared to the fees in the spot market;
  • the leverage enables the users to get much more profit. Our exchange allows one to use up to x20 leverage;
  • futures trading is a good way to manage risks (hedging) and secure the trading portfolio;
  • this type of trading allows earning on any market movement, even when it falls.

Futures trading on WhiteBIT

Our platform offers favorable conditions for a successful start in the world of futures trading, and here’s why:

✔️ we offer a month of the lowest leverage fees on the market;

✔️ many activities based on futures trading are being prepared;

✔️ our platform is optimized for a large number of transactions. We have enough liquidity pool to work with the biggest traders;

✔️ expect a large number of trading pairs with the most popular cryptocurrencies.

USDⓈ-M is the first futures contract available on our platform, with BTC/PERP being the first pair.

Expect the following pairs to be added soon: SOL/USDT, ETH/USDT, XRP/USDT, ADA/USDT.

Check out the futures trading now and discover new growth opportunities!

WhiteBIT Team