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Bithumb launches perpetual futures on Bitcoin (BTC)
Bithumb launches perpetual futures on Bitcoin (BTC)
Bitcoin

Bithumb launches perpetual futures on Bitcoin (BTC)

By Alfredo de Candia - 14 May 2019

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South Korean exchange Bithumb today launched a trading platform that offers multiple pairs of fiat currencies as well as perpetual bitcoin futures (BTC).

This service, Bithumb Global, is currently in beta phase, allowing users to trade perpetual Bitcoin futures with a leverage of up to 100x.

Throughout the beta phase, the perpetual contract trading simulation will use a virtual asset, TBTC (Trade BTC), and an amount of 0.1 TBTC will be given to all users who register on the platform.

In addition, for the launch of this service, Bithumb has opened several contests to encourage users to use the platform, such as the one related to Ethereum: the top 50 users will receive ETHs according to their position, and the first classified will get 100 ETHs.

Bithumb also operates through a decentralised exchange, Bithumb DEX, based in Hong Kong, where it has been operating since October 2018. Bithumb also operates an OTC (Over-the-Counter) platform, ORTUS, for institutional customers, which was recently launched in February 2019.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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