Crypto Facilities Launched Bitcoin (BTC) and XRP (XRP) Perpetual Futures Contracts, Among Others
A Financial Conduct Authority-regulated trading platform, Crypto Facilities, informed about the launch of new perpetual futures contracts for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and XRP (XRP).
“We have just launched Perpetual Futures on XBT/USD. And world’s first Perpetual BCH/USD, ETH/USD, XRP/USD, LTC/USD, and XRP/XBT contracts Use Bitcoin, Ether, Litecoin, XRP & BitcoinCash as collateral to trade 24/7!” said Crypto Facilities on Twitter.
According to the announcement, BTC/USD, ETH/USD, LTC/USD, BCH/USD, XRP/USD and XRP/BTC will be the pairs for the contracts. Also, all of these will be perpetual futures contracts, except for XRP/BTC.
Futures contracts are a type of derivative products which are relying on a commitment to trade a commodity or asset at a pre-scheduled moment in the future. On the other hand, perpetual futures have no settlement and expiration date, but a settlement procedure takes place once every 4 hours on the Crypto Facilities platform.
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and XRP (XRP) perpetual futures contracts launched by Crypto Facilities
In perpetual futures contracts, investors have to close any open positions to stop obtaining revenues from the futures contract. On the other hand, all these Crypto Facilities perpetual futures contracts are cash-settled and do not involve the warehousing of the underlying assets.
The release of the perpetual futures contracts on Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and XRP (XRP) gives crypto investors more diversity for investments in the before-mentioned cryptocurrencies. This fact could also translate into more money in the cryptos markets which could boost the market capitalization to new highs.
Even more, Crypto Facilities perpetual futures contracts can be traded with leverage and investors can trade between 10 and 100 times the leveraged amount.
In conclusion, with more and more facilities for the investors to put money on cryptocurrencies, the crypto market is on the right track to mature.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.