Coin On to Launch JOE Perpetual Contract: Simplifying Multiple Assets Trading
According to the official announcement, Coin On will launch the 1-20 times JOE perpetual contract at 20:00 Beijing time on March 29. The multi asset model allows users to trade JOE
According to the official announcement, Coin On will launch the 1-20 times JOE perpetual contract at 20:00 Beijing time on March 29. The multi asset model allows users to trade JOE USDT perpetual contracts between multiple margin assets, subject to applicable discount rates.
Coin On will go online on March 29th with a 1-20 times JOE perpetual contract
Are you familiar with perpetual contracts trading? If yes, then you must have heard of the latest announcement made by Coin On – the leading multi-asset trading platform. For those unaware, Coin On has announced the launch of JOE perpetual contract – a unique trading feature that will change the way traders invest in multiple margin assets.
So, what’s the buzz about? In this article, we will dive into the details of Coin On’s JOE perpetual contract, how it works with multiple assets, and what discounts are available for traders. Let’s get started!
Why JOE Perpetual Contract Matters
JOE perpetual contract is an innovative trading feature that has the potential to change the cryptocurrency trading market. The perpetual contract is a type of derivative that enables traders to speculate on the price of an asset without actually owning it. The contracts are perpetual, which means they do not have an expiry date and allow traders to hold positions indefinitely.
Coin On’s JOE perpetual contract is unique because it allows traders to trade with multiple margin assets. Previously, traders could only trade crypto-to-crypto perpetual contracts, where the margin currency and the settlement currency were cryptocurrencies. However, with JOE perpetual contract, traders can now trade with multiple margin assets, including BTC, ETH, USDT, and more.
The Multi-Asset Model
The multi-asset model is the highlight of JOE perpetual contract. It allows traders to trade JOE USDT perpetual contracts between multiple margin assets. For instance, a trader can use ETH or BTC as their margin asset instead of USDT, allowing them to have more flexibility in their trading strategies.
Notably, the multi-asset model also enables traders to benefit from applicable discount rates. Coin On will provide discount rates on JOE perpetual contracts with specific margin assets, providing traders with a more cost-effective trading experience.
How to Trade JOE Perpetual Contract
The process of trading JOE perpetual contract is quite simple. First and foremost, you will need to create an account on Coin On’s trading platform. Once you have signed up and completed the KYC verification, you can deposit your margin assets into your account.
Next, select the JOE perpetual contract you want to trade from the available assets. The trading interface is user-friendly and easy to navigate. Once you have selected the trading pair, enter the amount you want to invest and the leverage you want to apply.
The last step involves monitoring your position and closing it when you have reached your desired profit or loss. You can also set up a stop loss or take profit order to automate your trades.
Conclusion
Coin On’s JOE perpetual contract is a game-changer for the trading community. The multi-asset model, paired with applicable discount rates, allows traders to have more flexibility and cost-effective trading strategies. The trading platform is user-friendly and easy to navigate, making it accessible to both novice and experienced traders.
FAQs
1. What is a perpetual contract?
A perpetual contract is a type of derivative that enables traders to speculate on the price of an asset without actually owning it. The contracts are perpetual, which means they do not have an expiry date and allow traders to hold positions indefinitely.
2. How is Coin On’s JOE perpetual contract different from other perpetual contracts?
Coin On’s JOE perpetual contract allows traders to trade with multiple margin assets, including BTC, ETH, USDT, and more. Additionally, traders can benefit from applicable discount rates.
3. Is Coin On’s JOE perpetual contract accessible to novice traders?
Yes, Coin On’s trading platform is user-friendly and easy to navigate, making it accessible to both novice and experienced traders.
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