As a seasoned analyst with years of experience navigating the cryptocurrency markets, I find the launch of LBank Futures’ CATUSDT perpetual contract to be a strategic move that opens new opportunities for traders. The ability to speculate on SimonsCat without worrying about expiration dates is a significant advantage, especially for those who prefer more flexibility in their trading strategies.
Starting from August 23, 2024, at 10:00 UTC, LBank Futures – a well-known derivatives exchange – is introducing a new contract called CATUSDT, which is tied to SimonsCat and settled in Tether (USDT. This contract will be open for trading from the specified date onwards.
The CATUSDT perpetual contract offers traders the opportunity to speculate on the price of SimonsCat without worrying about expiration dates. This contract is margined, allowing traders to use leverage to increase their potential profits or losses. The leverage ratio for the CATUSDT contract ranges from 1x to 50x.
The contract’s tick size is 0.00000001 USDT, ensuring precise price movements. Additionally, the funding fee for the CATUSDT contract will be settled every four hours, helping to maintain the contract’s price in line with the underlying asset.
On LBank, you’ll find learning materials designed to help traders grasp the complexities of perpetual contracts and their associated risks. It’s crucial to remember that digital assets can carry significant market risks and may experience extreme price fluctuations. Always keep in mind the possibility of financial losses when trading.
On LBank, we may modify the details of contracts like adjusting leverage levels, setting margin requirements, or changing funding fees according to market fluctuations. It’s important for traders to keep informed about any updates to the contract terms.
Through the introduction of the CATUSDT perpetual contract, LBank is broadening its services and offering traders increased chances to engage in the dynamic world of cryptocurrencies.
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2024-08-23 15:48