BTCC, one of the leading cryptocurrency trading platforms, has recently announced the launch of 18 new USDT-margined perpetual futures contracts. This exciting development expands the trading options available to users and further solidifies BTCC’s position as a top player in the crypto trading industry.
Perpetual futures contracts have gained significant popularity in cryptocurrency due to their unique features and advantages. Unlike traditional crypto futures trading which has an expiration date, perpetual futures contracts do not have a predetermined expiry. This allows traders to hold their positions indefinitely, providing more flexibility and eliminating the need for contract rollovers.
The introduction of 18 new USDT-margined perpetual futures on the BTCC platform opens up a wide range of trading opportunities for users. These contracts are settled in USDT (Tether), a popular stablecoin pegged to the US dollar’s value. This means that traders can easily hedge their positions against the volatility of other cryptocurrencies by using USDT as the margin currency.
List of new USDT-Margined Perpetual Futures
- AIDOGE (ArbDoge AI)
- ANT (Aragon)
- EGLD (MultiversX)
- ETHW (EthereumPoW)
- GRT (The Graph)
- HOOK (Hooked Protocol)
- KLAY (Klaytn)
- LOOKS (LooksRare)
- LUNA (Terra)
- REN (Ren)
- RNDR (Render Token)
- RVN (Ravencoin)
- STORJ (Storj)
- THETA (Theta Network)
- XEM (NEM)
- XMR (Monero)
- ZEC (Zcash)
- ZIL (Zilliqa)
Up to how much leverage we can trade on these new USDT-Margined Perpetual Futures
On the BTCC the crypto trading platform, users can trade the new USDT-Margined Perpetual Futures with a leverage of up to 50x. This means that traders have the option to amplify their positions by up to 50 times the value of their margin deposit. It’s important to note that trading with high leverage significantly increases both potential profits and losses, so it is crucial to exercise caution and employ appropriate risk management strategies when trading with leverage.
How to get these new USDT-Margined Perpetual Futures on BTCC
To engage in trading the new USDT-Margined Perpetual Futures on BTCC, follow these simple steps. First, navigate to the markets page on the BTCC platform. Once there, locate the section dedicated to USDT-Margined products. Click on this section, and a list of available USDT-Margined futures will be displayed.
To access the 18 new USDT-Margined Perpetual Futures, select the option to view all products within the USDT-Margined category. This will provide you with a comprehensive list of the available futures contracts for trading. Alternatively, you can use the search bar on the platform to directly search for the specific USDT-Margined contracts you are interested in.
By following these steps, you can easily find and access the new USDT-Margined Perpetual Futures on the BTCC the bitcoin trading platform.
Risks in crypto futures trading
Crypto futures trading presents exciting opportunities for traders to capitalize on the price movements of cryptocurrencies. However, it is important to recognize and understand the risks involved. One significant risk is the inherent volatility of the cryptocurrency market. Prices can fluctuate rapidly and unpredictably, leading to potential gains or losses. This volatility is influenced by various factors, including market sentiment, regulatory developments, and global economic events. Additionally, the crypto market can be susceptible to manipulation due to its relatively small size and lack of regulation, which can distort market conditions and impact trading outcomes.
Benefits of choosing an appropriate trading platform
Technological risks should not be overlooked either. Crypto futures trading relies on advanced crypto trading platforms and technologies. Technical issues such as system failures, outages, or cyber-attacks can disrupt trading operations and potentially result in losses. Choosing reputable and reliable crypto futures trading platforms with robust security measures is crucial to mitigate these risks.
