Qian An to Launch TRU 1-20 Times U-standard Perpetual Contract
According to the official announcement, Qian An announced that it would launch the TRU 1-20 times U-standard perpetual contract at 20:00 on March 7, 2023.
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According to the official announcement, Qian An announced that it would launch the TRU 1-20 times U-standard perpetual contract at 20:00 on March 7, 2023.
YUAN will launch TRU 1-20 times U standard perpetual contract
Interpretation of the news:
According to the recent official announcement made by Qian An, a leading cryptocurrency exchange, the platform is set to launch the TRU 1-20 times U-standard perpetual contract at 20:00 on March 7, 2023.
A perpetual contract is a type of cryptocurrency derivative product that allows traders to speculate on the price of an underlying asset without the need for an expiration date. Unlike traditional futures contracts, perpetual contracts do not have an expiry date, and traders can hold their position indefinitely.
The TRU 1-20 times U-standard perpetual contract to be launched by Qian An will enable traders to put a leveraged bet on the price of TRU, which is the native token of TrueFi, a decentralized lending platform built on the Ethereum blockchain. The contract will have a leverage range of 1-20 times, which means that traders will be able to amplify their trading positions by up to 20x.
Qian An’s decision to launch the TRU 1-20 times U-standard perpetual contract is significant for the cryptocurrency market and marks a further expansion of the exchange’s product offerings. The move is expected to attract a new set of traders who are interested in trading leveraged crypto contracts, thereby increasing trading volumes on the platform.
The launch of a new perpetual contract also aligns with the broader trend in the cryptocurrency market towards the adoption of derivative products. Over the last few years, there has been a notable increase in the number of exchanges that offer derivative products, including futures, options, and perpetual contracts.
In summary, Qian An’s announcement to launch the TRU 1-20 times U-standard perpetual contract is a significant development for the exchange and the broader cryptocurrency market. The move is expected to attract a new set of traders and increase trading volumes on the platform, while also aligning with the industry’s trend towards the adoption of derivative products.
Overall, the keywords that best capture the essence of this message are Qian An, TRU, perpetual contract, and cryptocurrency. The announcement is noteworthy for anyone interested in cryptocurrency trading, especially those wanting to take their trading strategies to the next level of sophistication.
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