Coin On Launches ETH 1-75 Times BTC Perpetual Forward Contract

04/25/2023 09:13 • AI & Tech Insights • 62 views

On April 25th, according to official announcement, Coin On will launch ETH 1-75 times BTC perpetual forward contract at 20:00 on April 26th. The contract uses ETH as the underlying asset and BTC as the settlement asset, which means the contract uses BTC to settle the asset and calculate the face value, and can provide up to 75 times leverage.

Coin An Online ETH1-75 Times BTC Perpetual Forward Contract

The world of cryptocurrency trading has seen a new development as Coin On, one of the leading exchanges, is all set to launch ETH 1-75 times BTC perpetual forward contract on April 26th. The announcement came from official sources of Coin On and has created excitement among traders all over the world.

What is a Perpetual Forward Contract?

Before we discuss the launching of the ETH 1-75 times BTC perpetual forward contract, it is essential to understand the concept of the “perpetual forward contract.” A perpetual forward contract is an agreement between two parties to buy or sell a specific asset at a predetermined price with no expiration date. It operates like a futures contract but without any settlement or expiry date, allowing traders to take long or short positions indefinitely.

Understanding Coin On’s ETH 1-75 times BTC Perpetual Forward Contract

Coin On’s new ETH 1-75 times BTC perpetual forward contract uses Ethereum as the underlying asset and Bitcoin as the settlement asset. This means that the contract uses Bitcoin to settle the asset and calculate the face value, making it beneficial for traders who are bullish on Ethereum but bearish on Bitcoin.
The contract provides traders with up to 75 times leverage, allowing them to amplify their profits enormously. However, it is essential to keep in mind that with high leverage also comes high risk. Therefore, traders need to be careful and understand the volatility and liquidity of the market before investing their funds.

How Does Coin On’s ETH 1-75 times BTC Perpetual Forward Contract Work?

Coin On’s perpetual forward contract is simple to understand. Traders can take either a long or short position according to their market sentiments. When a trader takes a long position, they predict that the value of Ethereum will rise compared to Bitcoin, and vice versa when shorting.
Once a trader takes a position, the margin and leverage are calculated, and the order is executed using the trader’s funds. The funds for the trade can be in Bitcoin or Ether. The profits or losses of the contract depend on the difference between the opening price of the trade and the price at the time of closing the trade.

Benefits of Coin On’s ETH 1-75 Times BTC Perpetual Forward Contract

Coin On’s new perpetual forward contract has several benefits for traders. The contract allows for high leverage, offering the potential for significant profits. Secondly, traders can trade with small amounts of capital, which reduces their risk. Lastly, the contract provides an opportunity for traders to hedge their positions in the cryptocurrency market.

The Future of Coin On’s ETH 1-75 Times BTC Perpetual Forward Contract

Coin On’s ETH 1-75 times BTC perpetual forward contract has the potential to change the cryptocurrency trading landscape. The contract provides traders with opportunities for significant profits by leveraging their capital. However, as with any investment, traders must evaluate the risks and volatility of the market before investing their funds.

Conclusion

Coin On’s ETH 1-75 times BTC perpetual forward contract is an exciting addition to the cryptocurrency trading market. With high leverage and a straightforward operating system, it provides traders with the opportunity to make significant profits. However, to make the most of this investment, traders need to be careful and mindful of the risks involved.

FAQs:

1. What is a perpetual forward contract?

A perpetual forward contract is an agreement between two parties to buy or sell a specific asset at a predetermined price with no expiration date.

2. How does Coin On’s ETH 1-75 times BTC perpetual forward contract work?

Traders can take either a long or short position according to their market sentiment. The profits or losses of the contract depend on the difference between the opening price of the trade and the price at the time of closing the trade.

3. What are the risks associated with Coin On’s ETH 1-75 times BTC perpetual forward contract?

As with any investment, there are risks associated with Coin On’s perpetual forward contract. Traders need to be mindful of the risks and volatility of the market before investing their funds.

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