In order to enhance the users' trading experience and enrich the trading tokens, Bibox USDT swap perpetual futures will new-added 2 tokens to trade, the detailed information is as follows:
1. New added 2 USDT Swap futures trading
The newly added trading pairs for USDT Swap futures are ETCUSDT, TRXUSDT, which support up to 100X leverage. Welcome to transfer funds to the futures account for experience.
2. Introduction about Bibox USDT Swap Perpetual Futures
- No settlement date: USDT Swap Perpetual Futures have no expiration time, so there is no restriction on the holding time;
- Anchor spot: In order to ensure the tracking of the underlying price index, the USDT Swap Perpetual Futures use the mechanism of Funding Cost to ensure that its price closely follows the price of the underlying asset;
- Price mark: The USDT Swap Perpetual Futures use a reasonable price marking method to avoid forced liquidation due to lack of liquidity or market manipulation;
- Automatic deleverage: The USDT Swap Perpetual Futures use an automatic deleveraging mechanism instead of an account sharing mechanism to deal with losses caused by liquidation of large positions.
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