CoinEx Sustains Its Commitment to Perpetual Contracts: 10 New USDT-M Perpetual Contracts Listed on CoinEx
Derivatives trading volume is at least 4.6 times that of spot trading volume, stated Cointelegraph in 2020. In this trillion-dollar blue ocean, derivatives trading, represented by contracts, has been growing fast since 2020.
According to TokenInsight’s 2021 Q1 report that tracked related transaction data from a total of 51 cryptocurrency exchanges involving perpetual contract business, the trading volume of perpetual contracts reached $14.75 trillion, beyond the total figure of derivatives in the last whole year, making perpetual contracts the absolute mainstream product in the derivatives market. The USDT-margined contract has continued its strong performance and become the most popular contract product in the market this quarter. Its trading volume reached $8.51 trillion in the first quarter, accounting for 59.4% of the total market volume.
In terms of the trading volume among all the mainstream crypto assets, perpetual contracts are close to spot contracts: with a trading volume of $14.11 trillion, the latter were even slightly inferior to the former in the first quarter this year.
It is thus clear from these figures that the contract market is expected to embrace a boom in digital asset derivatives in 2021. The trading volume of the perpetual contract, a more speculative financial derivative, also shows an unprecedented level of activity in the crypto asset market. In addition, as the contract product most welcomed by investors in the first quarter of 2021, the USDT-margined contract is also irreplaceable.
Large exchanges with abundant resources and formidable funds used to have an overwhelming advantage when marching into new areas, suggested by CoinEx. However, the product experience, funding rate rules, deleveraging mechanism, premium payout, and liquidity are closely related to investors’ interests, and users will eventually find that powerful products and professional services are their top concern.
As the market value of crypto assets continues to rise, the market has seen an influx of new investors, traditional financial institutions, and VCs. The demand for financial derivatives such as contracts and options has grown exponentially, leaving much room to grow for derivatives including perpetual contracts. Committed to perpetual contracts, CoinEx focuses more on improving user experience and asset security, instead of making a reckless move like other exchanges.
To satisfy the trading needs of our users, we will launch 10 new USDT-M perpetual contracts. The details are listed below:
1. Starts at
0:00 September 16, 2021 (UTC)
2. Supported Markets
AVAXUSDT, FTTUSDT, GRTUSDT, MKRUSDT, EGLDUSDT, WAVESUSDT, HBARUSDT, NEARUSDT, QNTUSDT, FTMUSDT
3x, 5x, 8x, 10x, 15x, 20x, 30x, and 50x
4. Risk Warning
Like that on a normal market, it is convenient to trade perpetual contracts without delivery. Yet users have to be aware that the crypto market is volatile and hard to forecast due to such factors as market dynamics and policies. Users must control the leverage and keep a close eye on market trends and trading risks.
CoinEx will launch more contracts and keep working on the perpetual contract and the derivatives market. Please stay tuned.