More

    Japanese Crypto Exchange Liquid to Offer Bitcoin Perpetual Contracts

    The famous Japanese cryptocurrency exchange Liquid has announced on Monday that its platform will support Bitcoin (BTC) perpetual contracts offering 100x leverage to traders.

    A lot like futures but different from the traditional contracts, perpetual contracts don’t expire at a certain date. This is how Liquid explained the newly offered perpetual contracts product:

    “A perpetual contract has no expiry date and has no interest fees. Instead, a funding swap occurs between all open perpetual long and short contracts on Liquid. When trading perpetual contracts on Liquid you are trading contracts based on the price of BTC. Perpetual BTC contracts are represented by the P-BTC ticker on Liquid.”

    The New Investment Instruments Still in Beta Phase

    The date for the public launch if the new investment instruments hasn’t been given yet, as the project is still in the closed beta stage. For now, Liquid is inviting traders to perform tests on its platform and talks about a promotional offer of free services for one month. The company has been launched back in 2014. It’s a subsidiary of Quoine, the Japanese fintech behemoth. Its platform grants users access to crypto exchanges from all over the world. Besides, it’s valuated at more than $1 billion.

    Liquid Will Be a Direct Competitor of Huobi and Binance

    After the new instruments are going to be launched, Liquid will compete directly with giants like Huobi and Binance. Back in 2019, FTX backed by Binance launched a similar instrument that tracks 8 of the most popular crypto projects in China.

    The financial regulator in Japan is thinking of putting a 2x leverage cap that depends on the crypto margin trading at exchanges, while Liquid is continuing to offer its very large client base more crypto-based services. For example, last year it redefined and improved trading services by introducing an isolated margin trading. More than this, its platform held a public sale for the Gram token created by Telegram, only to recently cancel it.

    Get Free Email Updates!

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

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Oana Ularu
    Oana Ularu
    Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,283FansLike
    2,755FollowersFollow
    4,128FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Danone Launches ‘Track & Connect' Putting Baby Formula Supply On Blockchain Technology

    Danone is applying for the first time blockchain, aggregation and serialisation technologies for its infant formula packs. David Boulanger, the company’s senior VP of...

    Deribit Exchange Launches Ethereum Daily Options After Success With Bitcoin Contracts

    The Deribit Exchange specializing in crypto derivatives has launched daily Ether (ETH) options, an announcement from Monday and made on Twitter says. https://twitter.com/DeribitExchange/status/1229345670492016640 The strike price...

    Central Bank of Russia Proposes Amendments To Legal Framework for Tokenization

    The proposed cryptocurrency legislation in Russia could change a lot, now that a new bill for tokenization has been filed. On February 17, the Central...

    Ripple (XRP) Price Analysis (February 17)

    Key Highlights XRP market is under a falling force by the US dollar price valuation. XRP/USD pair’s value now averages a low point at...

    Binance Applies for Singapore Crypto License Under The New Payment Services Act

    Binance crypto exchange through its parent company has applied for Singapore’s new operating license. This follows an upgrade of laws governing crypto in the...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.