WhiteBIT launches Bitcoin futures trading

WhiteBIT launches Bitcoin futures trading

WhiteBIT launches bitcoin futures trading

The WhiteBIT cryptocurrency exchange has announced the start of trading in perpetual futures for bitcoin. This was reported to ForkLog by representatives of the platform.

All registered users received access to the new tool.

Futures contracts guarantee that the buyer will purchase the specified amount of an asset at a certain time at a predetermined price. They also allow you to trade digital assets without owning them and profit from the difference between a fixed and a future price.

A funding mechanism is used to keep prices on the market. Only users with open positions participate in it.

“The coefficient is calculated depending on the price difference in the futures and spot markets. The data is updated every eight hours,” WhiteBIT said.

The exchange will also have a single collateral balance to support margin and futures trading.

Recall that in early June, thanks to In partnership with the WhiteBIT exchange, the Ukrainian charitable foundation “Tabletochki” has expanded the possibilities for cryptocurrency contributions.

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