BTSE Launches a New Bitcoin Futures Platform During Crypto Conference Held In New York
The new BTSE Futures exchange received a massive optimistic reception from bitcoin fans and crypto enthusiasts who were present at the meet-up upon its launch. The BTSE futures will be rolled out in June 2019. The team shared ideas with other gurus from Litecoin Foundation, Lightning Labs and other partners that attended the conference.
Multicurrency Support Different Collateral Margin
One unique feature about the recently launched BTSE Futures platform is the maintenance of both fiat and crypto as margin collateral. Both buyers and sellers cannot margin in both crypto and fiat when they are buying/selling USD Tether or Bitcoin futures. It will no longer be mandatory to go through the process of currency conversions. Currently, BTSE is supporting seven fiat currencies such as USD, GBP, JPY, and EUR and four cryptos including Bitcoin, Litecoin, Ethereum, and USDT.
Linear US Dollar Settled Futures
Though quite a common thing in the crypto world, inverse futures contracts, non-linear in nature, lead to a complicated mechanism of getting returns and loss. In contrast, normal futures contracts all have a linear design. Each price change of an undertaking will lead to either profit or loss in a proportional manner.
BTSE Futures platform features a unique non-complicated linear design in that both returns and loss are calculated in the US Dollar. Then, the user can change their profits into their preferred currencies in a quick process with the aid of the systems spot wallet that supports different currencies. They can also buy USDT with the use of the general order book.
What Does the Future Hold for Cryptocurrency Derivatives?
First of all, all crypto investors will largely enjoy benefits from BTSE’s derivative products for both day-trading and speculation purposes. According to the CEO of BTSE, Jonathan Leong, BTSE exchange main objective is to be a leader in offering liquidity of cryptocurrency assets.