Coin On Launches ID1-20 Times U-Standard Perpetual Contract
On March 23rd, according to an official announcement, Coin On announced that it would launch the ID1-20 times U-standard perpetual contract at 22:30 Beijing time on March 24th, 202
On March 23rd, according to an official announcement, Coin On announced that it would launch the ID1-20 times U-standard perpetual contract at 22:30 Beijing time on March 24th, 2023.
Coin An will go online with ID 1-20 times the U standard perpetual contract
Coin On, a leading cryptocurrency exchange, recently announced the launch of its new trading product, the ID1-20 Times U-standard perpetual contract. This new product will be introduced on March 24th, 2023, and has already garnered significant anticipation among the cryptocurrency trading community.
What is a Perpetual Contract?
Perpetual contracts are an innovative financial instrument that allows traders to bet on the future price of an asset without actually buying or selling it. These contracts work similarly to traditional futures contracts, but with some key differences. Unlike a futures contract which has an expiration date, perpetual contracts have no end-date. Additionally, perpetual contracts use a funding mechanism to ensure that the price of the contract stays close to the underlying asset. This means that traders can hold positions for as long as they wish, making it a popular choice in the cryptocurrency trading industry.
Understanding the ID1-20 Times U-Standard Perpetual Contract
The new ID1-20 Times U-standard perpetual contract offered by Coin On is based on its proprietary trading mechanism, which sets it apart from other perpetual contracts in the market. The contract offers traders leverage of up to 20 times, allowing them to amplify their returns. Additionally, the contract is based on the U-standard, a specially designed index that tracks the overall performance of the cryptocurrency market. This makes it easier for traders to make informed decisions and manage risks effectively.
Benefits of Trading the ID1-20 Times U-Standard Perpetual Contract
The ID1-20 Times U-standard perpetual contract is an attractive investment option for traders due to its high leverage and unique trading mechanism. Traders can use the product to speculate on the price of leading cryptocurrencies, such as Bitcoin, Ether, and Litecoin. This contract also allows traders to short-sell cryptocurrencies, enabling them to profit from a decline in prices, which is not possible with standard cryptocurrency trading.
Furthermore, the perpetual contract offers traders the opportunity to engage in margin trading, which means they can use borrowed funds to trade larger positions. This can lead to greater returns but also carries significant risks, so traders are advised to approach this with caution.
How to Trade the ID1-20 Times U-Standard Perpetual Contract
Traders can access the ID1-20 Times U-standard perpetual contract by opening an account with Coin On. They will need to deposit funds to margin their position and specify their desired leverage. Traders can then define their positions, either long or short, and monitor their trades in real-time. The trading platform is user-friendly and offers advanced trading tools, such as stop-loss orders and take-profit orders, to help traders manage their risk effectively.
Conclusion
The launch of the ID1-20 Times U-standard perpetual contract by Coin On is a significant development in the cryptocurrency trading industry. The new product caters to the needs of sophisticated traders who are looking for innovative investment opportunities. The contract’s high leverage and unique trading mechanism make it an attractive option for traders looking to amplify their returns. However, it’s important to remember that this is not a risk-free investment, and traders must carefully manage their risks using the trading tools available.
FAQs
1. What is a perpetual contract?
A perpetual contract is a financial instrument that allows traders to bet on the future price of an asset without actually buying or selling it.
2. How does the ID1-20 Times U-standard perpetual contract work?
The contract is based on Coin On’s proprietary trading mechanism, offering traders leverage of up to 20 times and is based on the U-standard index that tracks the overall performance of the cryptocurrency market.
3. How can I trade the ID1-20 Times U-standard perpetual contract?
Traders can access the contract by opening an account with Coin On, depositing funds to margin their position and specifying their desired leverage. They can then define their positions, either long or short, and monitor their trades in real-time.
#
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/9704/
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
-
CoinFLEX’s Reorganization Process Gets Approval from Seychelles Court
On March 7, CoinFLEX announced that the reorganization had been approved by the Seychelles court. CoinFLEX expects the court to issue a written order this week…
-
What is the hot topic of Bitcoin (Bitcoin hot topic, how is its prospects)?
What is the hot topic of bth Bitcoin? According to official news, the hot topic
-
Beijing’s Plan to Promote the Innovative Development of Internet 3.0 Industry
On March 17th, the Beijing Municipal Commission of Science and Technology, the Zhongguancun Science and Technology Park Management Committee, and the Beijing Municipal Bureau of Economy and Information Technology issued a notice on the “Work Plan for Promoting the Innovative Development of Beijing Internet 3.0 Industry (2023-2025)” to promote the innovative development of Beijing Internet 3.0 industry. Beijing issues a work plan on promoting the innovative development of Beijing Internet 3.0 industry Analysis based on this information:The Beijing Municipal Commission of Science and Technology, the Zhongguancun Science and Technology Park Management Committee, and the Beijing Municipal Bureau of Economy and Information Technology have jointly issued a notice on the “Work Plan for Promoting the Innovative Development of Beijing Internet 3.0 Industry (2023-2025).” The aim is to spur the innovative development of the Internet 3.0 industry in Beijing. Internet 3.0 is the latest version of the internet, which incorporates various technologies, such as artificial intelligence, big data, and the Internet of…
-
Uncovering the Movement of CELT Tokens Before the Large-Scale Sale
On February 28, the Web3 knowledge map protocol 0xscope tweeted that through the analysis of CELT\’s OKX deposits, it was found that 517 million CELTs were depo…
-
PaxosTreasury Destroys Millions of BUSDs
According to reports, Whale Alert monitoring data showed that at 05:59 on February 18, 2023 Beijing time, PaxosTreasury destroyed 64087057 BUSDs.
Paxos…
-
What does the OK coin withdrawal address type mean (OK coin withdrawal tutorial)
What does the type of withdrawal address mean? On August 6th, OKEx announced that some tokens had been removed from the OKEX withdrawal address before 10pm on August 5th. The project party also stated that if any assets that users want to trade on the platform belong to “ok”, they must withdraw through the exchange and mark the withdrawal address as 0x7ae4c2f9be3b80cedbf8818bdbc1ed40b; If these requirements or restrictions are not met, you may choose not to use this fund for other types of services (such as transfer/withdrawal) OK coin withdrawal tutorialAccording to reports, OKEx will suspend coin withdrawal and open new user registration on September 30th at 16:00 (HKT) According to the OKEX announcement, according to the “OKEx Explanation on Currency Withdrawal Rules”, the currency withdrawal function is currently not supported. Please transfer the funds to the designated platform as soon as possible before completing the transaction. If you need to transfer out assets or withdraw, you can check the balance…
-
Kraken Submits Pre-Registration Commitment to the Canadian Securities Authority
According to reports, Kraken, a crypto exchange, has submitted a pre registration commitment to the Ontario Securities Commission of Canada, and has committed to complying with str
-
Deputy Governor of the Bank of England: Any systemic stable currency in the UK requires the support of high-quality and liquid assets
According to reports, Bank of England Vice President Canliffe has expressed support for more work in the central bank\’s digital currency sector. 90% of people use contactless credi
-
What is the price of BE Coin now (today’s price of bec coin)?
What is the price of BE Coin now? What is the price of BE Coin now?On November 2
-
Microsoft’s Office Applications Now Integrated with OpenAI’s Chat Robot
According to market news, Microsoft has introduced OpenAI’s chat robot technology into Office applications. Word, Excel, and Powerpoint applications will incorporate AI Assistant functionality. Market News: Microsoft Introduces OpenAI’s Chat Robot Technology into Office Applications Analysis based on this information:Microsoft has taken note of the growing importance of Artificial Intelligence (AI) in enhancing our overall digital experience. The most recent example of this is the integration of OpenAI’s chat robot technology in its Office applications. As per the market news, Microsoft’s Word, Excel, and Powerpoint applications are now equipped with AI Assistant functionality. This technology has been appropriately called the “AI-powered editor”, which will help users in creating smarter and more efficiency-inducing documents. This will lead to a significant improvement in document quality, reducing errors and enhancing productivity. This AI-powered editor will be able to analyze the user’s writing style, check for necessary corrections, and offer related vocabulary that would best suit the user’s writing. Moreover, the chatbot integration will…
-
Sappy Seal Launches NFT Inscriptions on the Bitcoin Chain
It is reported that the NFT project Sappy Seal announced on social media that it had started the casting of NFT inscriptions on the Bitcoin chain and would be …
-
BNB Beacon Chain Set to Undergo Scheduled Hard Fork Upgrade: All You Need to Know
According to reports, BNB Beacon Chain is expected to undergo a scheduled hard fork upgrade at block height of 310182000. Based on the current block generation speed, it is expecte
-
Compute North’s Bankruptcy Protection Approved by a Federal Judge
It is reported that a federal judge approved the final restructuring plan of Compute North, a virtually dissolved cryptocurrency mining service company, which …
-
UKJT Affirms Clarity of Digital Assets in the UK’s Financial Market
It is reported that the UK Jurisdiction Task Force (UKJT) established by the LawtechUK team issued a statement on the clarity of digital assets, which will con…
-
PROOF and Pace Verso Collaborate to Release Unique Artistic NFT Project
It is reported that the parent company of Moonbirds, PROOF, announced that it would cooperate with Pace Verso to release the first personal NFT project “Archive of Feelings” Archive of Feelings “series of NFTs by artist Mika Tajima on March 15, with a total of 1152 NFTs, using customized algorithms to visualize Twitter data in 12 regions of the United States. Moonbirds parent company PROOF will release NFT series “Archive of Feelings” Analysis based on this information:PROOF, the parent company of Moonbirds, has revealed in a statement its collaboration with Pace Verso to launch its first personal NFT project, titled “Archive of Feelings”. The project, created by artist Mika Tajima and scheduled to be released on March 15, will feature a unique collection of 1,152 NFTs that are designed to use customized algorithms to visualize Twitter data from 12 regions across the United States. This announcement comes on the heels of the growing popularity of NFTs and the continuous utilization…
-
The US dollar index DXY rose 18 points in the short term to 102.88
According to reports, the US dollar index DXY rose 18 points in the short term and is currently trading at 102.88.
The US dollar index DXY rose 18 points in the short term to 102.8