We are excited to announce the expansion of our trading offerings with the introduction of new leverage trading, savings, and perpetual contract options for several popular digital assets.
Starting April 8, 2021, at 17:00 HKT, users can access new trading features for ANC, SC, CRO, LAMB, and XEM across all platforms, including web, mobile app, and API.
New Leverage Trading and Savings Features
Effective immediately, leverage trading is available for ANC, SC, CRO, and LAMB against USDT trading pairs. This provides traders with the ability to amplify their positions using borrowed funds.
Additionally, these assets have been integrated into our savings product, allowing users to earn interest on their idle holdings. For specific details on tiered margin levels and savings limits, please refer to the official platform documentation after the launch.
👉 Explore advanced leverage trading strategies
New Perpetual Contract Listings
We have launched four new USDT-margined perpetual contracts to provide more flexibility for derivatives traders.
ANCUSDT Perpetual Contract Specifications
- Underlying Asset: ANC/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 1 ANC
- Price Quotation: USDT price of 1 ANC
- Minimum Price Movement (Tick Size): 0.001
- Leverage: 0.01–75x
- Funding Rate Calculation: Clamp(MA(((Contract Best Bid + Contract Best Ask) / 2 - Spot Index Price) / Spot Index Price - Interest), -0.75%, 0.75%), where Interest = 0
- Trading Hours: 24/7
SCUSDT Perpetual Contract Specifications
- Underlying Asset: SC/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 100 SC
- Price Quotation: USDT price of 1 SC
- Minimum Price Movement (Tick Size): 0.00001
- Leverage: 0.01–75x
- Funding Rate Calculation: Clamp(MA(((Contract Best Bid + Contract Best Ask) / 2 - Spot Index Price) / Spot Index Price - Interest), -0.75%, 0.75%), where Interest = 0
- Trading Hours: 24/7
CROUSDT Perpetual Contract Specifications
- Underlying Asset: CRO/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 10 CRO
- Price Quotation: USDT price of 1 CRO
- Minimum Price Movement (Tick Size): 0.0001
- Leverage: 0.01–75x
- Funding Rate Calculation: Clamp(MA(((Contract Best Bid + Contract Best Ask) / 2 - Spot Index Price) / Spot Index Price - Interest), -0.75%, 0.75%), where Interest = 0
- Trading Hours: 24/7
XEMUSDT Perpetual Contract Specifications
- Underlying Asset: XEM/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 10 XEM
- Price Quotation: USDT price of 1 XEM
- Minimum Price Movement (Tick Size): 0.0001
- Leverage: 0.01–75x
- Funding Rate Calculation: Clamp(MA(((Contract Best Bid + Contract Best Ask) / 2 - Spot Index Price) / Spot Index Price - Interest), -0.75%, 0.75%), where Interest = 0
- Trading Hours: 24/7
Important Note on Initial Funding Rates
To ensure stability during the initial launch period when premiums can be volatile, a temporary funding rate cap of 0.03% will be in effect until April 8, 2021, at 24:00 HKT. After this time, the standard maximum funding rate cap of 0.75% will be restored. The first funding fee settlement under the normal cap will occur on April 9, 2021, at 16:00 HKT.
All other trading rules for these new perpetual contracts, including limit order parameters, align with our existing USDT-margined perpetual contracts.
👉 Learn more about perpetual contract trading
Frequently Asked Questions
What is leverage trading?
Leverage trading allows you to borrow funds to open a larger position than your account balance would normally allow, amplifying both potential profits and losses. It is a common strategy used by experienced traders.
How does the savings feature work?
The savings product enables you to deposit supported cryptocurrencies and earn interest over time. Your assets are lent out to margin traders, and you receive a portion of the interest generated from those loans.
What is a perpetual contract?
A perpetual contract is a derivatives product that allows you to speculate on the future price of an asset without an expiration date. Unlike futures contracts, they do not settle on a specific date and use a funding rate mechanism to tether the contract price to the spot price.
Why is there a temporary funding rate cap?
A temporary cap is implemented for new contracts to protect users from abnormally high funding payments caused by initial market volatility and price discovery immediately after listing.
What are the risks involved with these products?
Leverage trading and perpetual contracts carry a high level of risk due to the use of leverage, which can magnify losses. It is crucial to understand these risks fully and employ robust risk management strategies before participating.
Can I access these features on mobile?
Yes, all newly launched features, including leverage trading, savings, and perpetual contracts for these assets, are accessible on our web platform, mobile application, and via API for automated trading systems.
We are committed to continuously enhancing our platform with new products and services to provide our users with a superior trading experience.