Nowadays, the Bitfinex crypto exchange added futures based on Bitcoin and Ethereum to the list of available trading instruments. In the new “derivatives” section, you can now find the BTCF0 and ETHF0 tickets that are available for trading with the stabletcoin USDt0. Leverage for such transactions is limited to 100×1.
Note that the new product is very similar to a perpetual contract that was previously launched on the BitMEX exchange. Currently, trading in such futures is not available to customers from the USA, Canada and Switzerland.
Recall that the imminent launch of derivatives was announced back in June. Then the technical director of the exchange, Paolo Ardoino, said that for the first time, new instruments will use isolated margin, which will allow better control of leverage and the liquidation price.
We welcome the opportunity to create new, previously unavailable products on our new platform. This platform expands our ever-growing portfolio of tools and strengthens Bitfinex’s leadership in innovation said Paolo Ardoino, Technical Director of the exchange.
Exchange updates do not end there Bitfinex has opened a new division of iFinex Financial Technologies Limited, whose task will be to expand trading opportunities for users of the exchange and expand the range of tools.