UK-based cryptocurrency exchange platform Crypto Facilities has launched perpetual futures contracts on five cryptocurrencies. The platform is registered with the country’s Financial Conduct Authority and already offers fixed maturity futures on six trading pairs.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
Crypto Facilities Launches Perpetual Futures
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.
Two days after launch, on September 2, Crypto Facilities tweeted, “our XBT:USD perpetual contract now making up the majority of the traded volume on bitcoin-dollar futures on the platform.”
Earlier this year, Crypto Facilities partnered with CME Group to provide crypto pricing data to financial institutions, trading firms, and data vendors globally.
Trading Perpetual Futures
According to Crypto Facilities:
This contract remains trading perpetually and would only expire in emergency situation if Crypto Facilities deems necessary to settle/expire contract…This would only occur in exigent circumstances if the Market Risk Committee deemed it necessary to facilitate a fair and orderly market.
Weekly, monthly, and quarterly fixed maturity contracts in the same six trading pairs are also offered on the Crypto Facilities trading platform. They expire at 4 p.m. London time every Friday.
Another crypto exchange, Bitmex, also offers XBT/USD and ETH/USD perpetual futures trading. Each XBT/USD perpetual futures contract at that exchange is worth 1 USD of BTC. Funding is paid and received every 8 hours. Bitmex also offers ETH/USD perpetual futures, with each contract “worth 0.001 mXBT per $1 price,” the exchange wrote.
What do you think of Crypto Facilities offering perpetual futures in six trading pairs? Let us know in the comments section below.
Images courtesy of Shutterstock and Crypto Facilities.
Need to calculate your bitcoin holdings? Check our tools section.
The post Crypto Facilities Launches Perpetual Futures on Five Cryptocurrencies appeared first on Bitcoin News .