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ETH 1-75 Times BTC Perpetual Forward Contract Launching on Coin On

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On April 25th, according to official announcement, Coin On will launch ETH 1-75 times BTC perpetual forward contract at 20:00 on April 26th. The contract uses ETH as the underlying

ETH 1-75 Times BTC Perpetual Forward Contract Launching on Coin On

On April 25th, according to official announcement, Coin On will launch ETH 1-75 times BTC perpetual forward contract at 20:00 on April 26th. The contract uses ETH as the underlying asset and BTC as the settlement asset, which means the contract uses BTC to settle the asset and calculate the face value, and can provide up to 75 times leverage.

Coin An Online ETH1-75 Times BTC Perpetual Forward Contract

On April 25th, 2021, Coin On made an official announcement regarding its launch of ETH 1-75 times BTC perpetual forward contracts. The new contract is set to go live on April 26th at 20:00. In this article, we will explore what this launch means for Coin On and its consumers who are interested in trading in this type of contract.

What Are Perpetual Forward Contracts?

Perpetual forward contracts (PFCs) are a type of futures contract that do not have an expiration date. They allow traders to speculate on the price movements of an underlying asset without the need for expiration and delivery. These contracts offer traders greater flexibility in hedging and risk management.

How Does ETH 1-75 Times BTC PFC Work?

The ETH 1-75 times BTC PFC from Coin On is a derivative contract offering traders the option to go long or short on the price of ETH/BTC. In this contract, ETH acts as the underlying asset while BTC works as the settlement asset. The contract is settled in BTC and calculates the face value in BTC.
The leverage provided in the contract is 75x, which means a trader can make a profit 75 times greater than the amount they put in. While 75x leverage can offer significant returns, it does come with a higher level of risks.

Benefits of Trading ETH 1-75 Times BTC PFC on Coin On

Coin On is a reliable and transparent platform that offers traders access to a variety of trading options. Trading on Coin On is quick and easy, and users can view their balances, open orders, and transaction history at any time.
The new ETH 1-75 times BTC PFC on Coin On is an excellent option for traders looking to amplify their profits. The contract is flexible, meaning traders can hedge and manage their risks better.

Risks with Trading ETH 1-75 Times BTC PFC on Coin On

Trading in perpetual forward contracts can be risky, especially when high amounts of leverage are used. Traders need to have a solid risk management plan and understand the risks that come along with trading in PFCs. It’s important to only invest funds that one can afford to lose and be mindful of margin calls that can occur in high leverage situations.

Conclusion

Coin On’s launch of the ETH 1-75 times BTC PFC will provide traders with a flexible option to speculate on the price movements of ETH/BTC without the need for expiration and delivery. This PFC contract is the latest addition to Coin On’s portfolio of futures contracts. Before trading any financial contract, it’s essential to understand the risks involved and have a solid risk management plan in place.

#FAQs

1. What is Coin On?
Coin On is a reliable and transparent platform that offers traders access to a variety of trading options.
2. What is ETH 1-75 Times BTC PFC?
It’s a perpetual forward contract offering traders the option to go long or short on the price of ETH/BTC. In this contract, ETH acts as the underlying asset while BTC works as the settlement asset.
3. What is the leverage provided in the contract?
The leverage provided in the contract is 75x, which means a trader can make a profit 75 times greater than the amount they put in.
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