Crypto Facilities Derivatives Exchange Opens Perpetual Inverse Futures For 6 Coins

UK based crypto derivatives exchange, Crypto Facilities has today declared the launch of perpetual facilities for some six supported Cryptocurrencies through its twitter page.

The 6 supported assets according to the release include, Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) and Litecoin (LTC).

Although the perpetual futures contract works like the normal future contract, but as an exception, it is everlasting with every four-hours auto rolling feature. This makes it a special type of futures contract. The rate for the next period (4 hours) is determined against the current period i.e. if the premium is negative, shorts pay longs while longs pay shorts if positive.

Based on the development, below is the specification for the perpetual futures that will be offered:

Inverse Perpetual Futures

  • PI_XBTUSD – Bitcoin-Dollar
  • PI_ETHUSD – Ether-Dollar
  • PI_LTCUSD – Litecoin-Dollar
  • PI_XRPUSD – XRP-Dollar
  • PI_BCHUSD – BCH-Dollar

Vanilla Perpetual Futures

  • PV_XRPXBT – XRP-Bitcoin

Apart from the XRP contracts which is designated by XRP, all other supported funds are designated in 1USD. The company claims they are the first to offer perpetual futures contract for the six assets.

While the platform offers auto rolling feature, traders have to dismiss his/her position to stop receiving returns from the futures contract.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide