Digital asset trading platform Bitfinex Derivatives launched perpetual contracts for pound/tether (GBPF0:USTF0), euro/tether (EURF0:USTF0) and yen/tether (JPYF0:USTF0).
The GBPF0:USTF0, EURF0:USTF0 and JPYF0:USTF0 perpetual contracts went live on 01/09/20 at 9:00 AM UTC. Each contract will offer users up to 100x leverage and will be settled in USDt.
“These leading benchmark currency products will provide investors with further avenues for managing and offsetting risk, and deploying sophisticated trading strategies,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “As the preeminent hub for institutional and professional traders in the digital asset space, we feel the addition of these perpetual swap contracts will enhance the experience of our growing user base.”
While markets will remain open over the weekend, price limits will be put in place to increase price stability: Markets in GBPF0:USTF0, EURF0:USTF0 and JPYF0:USTF0 will have a +/-3 per cent cap on the final mark price from 9:00pm UTC on Friday until 9:00PM UTC on Sunday. Funding will be removed from midnight Friday until midnight on Sunday on all three contracts.
Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.
