Bexplus exchange starts to launch BTC/USDT Perpetual Contracts, sincerely welcome investors to use and trade.
Bitcoin (BTC) is a digital currency. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution. The processing of bitcoin transactions is automated by servers called bitcoin miners. These servers communicate over an internet-based network and confirm transactions by adding them to a ledger which is updated and archived periodically.
Bexplus Perpetual Contract is the trading product similar to traditional Futures Contract. But does not have a expiry date, so investors can hold a position for as long as they like. Perpetual Contract trade like spot, tracking the underlying Index Price closely. Investors can trade to assigned market makers with up to 100X leverage.
BTC/USDT Perpetual Contract descriptions
Contract Standard: BTC
Contract from: Perpetual Contract (BTC as the trading currency)
Price unit: USDT
Maximum leverage: 100X
Contract size: 1contract=1BTC
Profit/loss formula: long position= (current position value-opening position value) *Contract size*Contract volume Short position= (opening position value-current position value)*Contract size*Contract volume