Decentralized Derivatives Trading: Rabbit X Launches ARB-USD Perpetual Contract with Up to 20x Leverage
On March 23, it was announced that the decentralized derivatives trading platform Rabbit X would launch an ARB-USD perpetual contract with a leverage ratio of up to 20 times on Mar
On March 23, it was announced that the decentralized derivatives trading platform Rabbit X would launch an ARB-USD perpetual contract with a leverage ratio of up to 20 times on March 23. Rabbit X is the first decentralized derivatives trading platform on Starnet.
Rabbit X will go live ARB perpetual contract
Introduction
On March 23, Rabbit X announced the launch of ARB-USD perpetual contracts with a leverage ratio of up to 20 times. As the first decentralized derivatives trading platform on Starnet, Rabbit X is poised to transform the world of derivatives trading. In this article, we will take a closer look at Rabbit X, the ARB-USD perpetual contract, and the potential impact of this new offering.
What is Rabbit X?
Rabbit X is a decentralized derivatives trading platform that allows users to trade a wide variety of derivatives contracts, including perpetual contracts, futures contracts, and options contracts. Unlike traditional centralized exchanges, Rabbit X is built on a decentralized network of computers, which means that it is more secure, transparent, and resistant to censorship and manipulation.
The ARB-USD Perpetual Contract
The ARB-USD perpetual contract is a derivatives contract that allows users to bet on the future price of ARB (the native token of the ArbiSmart platform) relative to USD. The contract has no expiration date, which means that users can hold their position for as long as they wish. The leverage ratio of up to 20 times allows users to amplify their potential profits (as well as their potential losses).
How Does Rabbit X Work?
Rabbit X is built on the Starnet blockchain, which allows for near-instant settlement times and low transaction fees. When a user enters into a derivatives contract on Rabbit X, they are essentially making a prediction about the future price of the underlying asset (in this case, ARB). If their prediction is correct, they will make a profit. If their prediction is incorrect, they will lose money.
The Potential Impact of Rabbit X
Decentralized derivatives trading platforms like Rabbit X have the potential to democratize access to financial markets and reduce the power of traditional financial institutions. By allowing users to trade derivatives contracts without the need for a centralized intermediary, Rabbit X can lower transaction fees, improve transparency, and increase market efficiency.
Conclusion
The launch of the ARB-USD perpetual contract on Rabbit X is an exciting development for the world of decentralized derivatives trading. As the first platform of its kind on the Starnet blockchain, Rabbit X is poised to transform the way that users trade derivatives contracts. With its focus on transparency, security, and accessibility, Rabbit X is well-positioned for long-term success.
FAQs
1. Is Rabbit X safe to use?
Yes, Rabbit X is built on a decentralized network of computers, which means that it is more secure, transparent, and resistant to censorship and manipulation.
2. What is the advantage of trading derivatives contracts on Rabbit X?
Trading derivatives contracts on Rabbit X allows users to access financial markets without the need for a centralized intermediary, which can lower transaction fees, improve transparency, and increase market efficiency.
3. How can I get started trading on Rabbit X?
To get started trading on Rabbit X, simply create an account, deposit funds, and start trading.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/9714/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What does “挖头矿” mean (mining boss)
What does \”挖头矿\” mean? The significance of \”挖头矿\” is to transfer coins from one a
-
The Future of Cryptocurrency and Regulation by Steven Maijoor
According to reports, Steven Maijoor, Executive Director of Dutch Central Bank Regulation, said that although allowing the encryption industry to collapse on its own would be an \”a
-
When will Tron Tron go on sale (Tron official website)?
When will Tron Tron go on sale? According to the latest official news, when will
-
Increase in Bitcoin Deposits on Exchanges After Strong Price Rise
According to reports, according to analysis data from blockchain analysis company Glassnode, investors have increased the amount of Bitcoin deposited on exchanges in response to th
-
FilDA (ESC) suffers cyberattack – What You Need to Know
On April 23rd, the cross chain lending DeFi project FilDA (ESC) tweeted that the project had been attacked today, and the team had suspended ESC operations and was tracking hacker
-
Whale Alert: Wave Field Chain Address with over 2.8 Million USDTs Frozen
It is reported that according to Whale-Alert data, an address on the wave field chain with 2846358 USDTs (about US $2847791) has been frozen.
1. The ad…
-
Sygnum Bank Prepares to Diversify Banking Partners as the Volume of Customer Consultation Increases from Hedge Funds
According to reports, Martin Burgherr, the chief customer officer of the Swiss-based Sygnum Bank, said in an interview that after Silvergate Capital Corporatio…
-
Tether Treasury Casts 1 Billion USDT in Wave Field
It is reported that the data on the chain shows that Tether Treasury cast 1 billion USDTs in the wave field at 16:46 UTC on February 22, with the trading addre…
-
Defi Agreements Surpass $1 Billion in the Past Week
It is reported that according to the DEX data collected by Dune user @ hagaetc, the transaction volume of six DeFi agreements in the past seven days has exceeded US $1 billion, including Uniswap (about US $25.2 billion), Curve (about US $10.7 billion), Sushiswap (about US $3.6 billion), Pancakesswap (about US $1.4 billion), DODO (about US $1.3 billion) and Balancer (about US $1.1 billion). Uniswap’s single-day trading volume on March 11 exceeded $12.8 billion. Over the past week, the trading volume of several DeFi agreements exceeded US $1 billion, and the trading volume of Uniswap exceeded US $12.8 billion per day Analysis based on this information:According to the DEX data collected by Dune user hagaetc, six DeFi agreements have surpassed a transaction volume of $1 billion in the past seven days. This is remarkable and indicates that the DeFi industry is growing at a rapid pace. The prominent agreements include Uniswap, Curve, Sushiswap, Pancakesswap, DODO, and Balancer. Uniswap has emerged…
-
Aztec Network announces closure of Aztec Connect for commercial reasons
On March 13, The relevant head of Aztec Network, a privacy and expansion solution based on ZK-Rollup, responded in the community: “The decision to close Aztec Connect is mainly for commercial reasons, and there is no regulatory agency to contact the team. The privacy of Aztec Connect has led to some problems in the design and increased maintenance costs. The company is focusing on the next generation of protocols, which will support fully programmable smart contracts, which are privacy by default. Considering the scale of the new project, we need to focus on all engineering resources to complete it. We still Focus on L2 Rollup and never establish L1. The strategy has never changed but is entering the next stage. “ Aztec responded by “shutting down Aztec Connect”: mainly for commercial reasons, not related to regulation Analysis based on this information:Aztec Network recently announced the closure of its Aztec Connect service, their privacy and expansion solution based on ZK-Rollup. The…
-
IRS to Combat International Financial and Tax Criminal Activities Related to Cryptocurrency
According to reports, the US Internal Revenue Service (IRS) has announced a new pilot program starting this summer and will dispatch four commissioners to Australia, Singapore, Col
-
What Graphics Card for Ethereum (Graphics Card with high cost-performance ratio for Ethereum)
What graphics card for Ethereum? The mining of Ethereum graphics cards can be d
-
Bitcoin and Ethereum Sales Skyrocket in a 24-Hour Window
According to reports, data shows that in the past 24 hours, the entire network has sold out $95.8203 million, of which Bitcoin sold out $41.4945 million and Ethereum sold out $23.9
-
The Explosive Growth of Cryptocurrencies
According to reports, according to the 24-hour data explosion statistics, BTC\’s explosion was 13.7487 million USD, EOS\’s explosion was 32600 USD, LTC\’s explosion was 189600 USD, XR
-
Metalpha Plans to Raise $100 Million Funds for Regulated Participation Channel for Chinese Crypto Investors
According to reports, Hong Kong based digital asset management company Metalpha plans to raise $100 million in funds to provide a regulated participation channel for Chinese crypto
-
What does a famous coin circle mean? (Who are the famous characters in the coin circle?)
What does a famous coin circle mean? According to Bitcoin. com, what does a famous coin circle mean? While the price of Bitcoin keeps rising, various Cryptocurrency also emerge in endlessly. For example, Ethereum is the most famous digital asset. It not only has a high transaction volume, but also can be widely accepted by others as a means of payment In addition, some popular blockchain projects include Bitshare, Wright Mining, EOS, etc. Among them, Wright stock is currently one of the top three virtual currencies in terms of market value. EOS is a very popular and promising application scenario Who are the well-known figures in the currency circleAccording to the public information of the currency circle, the total market value of the Cryptocurrency market has exceeded $3 trillion in the past year. Among them, the market value of Ethereum is up to 4 trillion yuan (1.8 trillion US dollars), followed by Litecoin, Bitcoin and Monero, ranking fourth and fifth…