Bitfinex Derivatives today announced the launch of perpetual swap contracts for EOS (EOSF0:USTF0), Litecoin (LTCF0:USTF0) and Polkadot (DOTF0:USTF0).
EOS (EOSF0:USTF0), Litecoin (LTCF0:USTF0) and Polkadot (DOTF0:USTF0) have been available since this morning. Each contract will offer users up to 100x leverage and will be settled in Tether (USDt).
Paolo Ardoino, the CTO of Bitfinex Derivatives, said:
“We’re delighted to announce the addition of EOS, Litecoin and Polkadot to the growing portfolio of perpetual swaps available to trade on the exchange. We anticipate great interest in these products among funds and professional investors for hedging purposes and to manage risk.”
The platform is provided by iFinex Financial Technologies Limited.
Swaps on these perpetual contracts will only be available in jurisdictions where these products are legal – they are not available to users in the United States, Canada, Switzerland and Seychelles.- and only to users who have passed KYC procedures.
Bitfinex Derivatives
These types of contracts on Bitfinex were announced in September 2019 when the BTCF0/USDt0 and ETHF0/USDt0 pairs were made available.
For all these perpetual contracts the collateral remains USDT.
At the end of September this year, Bitfinex Derivatives had launched the derivatives Europe 50 (EUROPE50IXF0:USTF0) and Germany 30 (GERMANY30IXF0:USTF0). Over the weekend, these contracts will have a limit of +/-5% on the closing price of traditional markets, from 4:30 PM UTC to 8:00 AM UTC on the next business day (one hour earlier during the period when Central Europe is watching CEST).
Last May Bitfinex Derivatives also announced derivatives on Bitcoin Dominance (BTCDOM), a perpetual contract that allows users to take a position on BTC dominance. The exchange is the only one that allows this type of investment.
