Bitfinex Launches Perpetual Contracts Settled In Tether (USDt) for Europe 50 and Germany 30

2020-9-29 21:32

The renowned crypto exchange, Bitfinex, is expanding its product line beyond crypto assets and is rolling out an equity index derivatives which will settle in the controversial stablecoin Tether (USDt).

According to a press release shared with Bitcoin Exchange Guide, the perpetual contracts will be on Europe 50 and Germany 30 and are set to go live on Monday. The firm also clarified that the new offering would provide its clients with exposure to conventional stock markets.

Europe 50 represents the STOXX Europe Index that covers about 50 stocks based in 18 countries in Europe. On the other hand, Germany 30 is a representative of the Deutscher Aktien Index (DAX), which covers Germany’s 30 most significant stocks listed in the Frankfurt Stock Exchange.

According to the press release, every contract will provide up to 100x leverage, and USDt will be used for settling.

An equity derivative can be equated to a traditional futures contract; however, it comes with no expiry and operates like a margin-based spot market. Bitfinex Derivatives CTO, Paolo Ardoino explained:

“This is the first time that an exchange from the digital asset space has launched a product that bridges the gap with traditional stock markets, representing a significant milestone in the evolution of crypto as an established asset class.”

Ardoino also explained that Bitfinex was motivated to move to the traditional markets by CME moving to Bitcoin futures. Ardoino says that the new product will help in improving cross-asset trading initiatives in the crypto space.

Ardoino also explained that since the new offering will settle in USDt and will help in the reduction of forex as well as interest rate risks. This will also aid in ensuring that the trading is seamless as well as efficient, said Ardoino.

The new product will be available in the selected countries and only for verified users. This means that traders wishing to trade the new product will need to go through the various due diligence aspects to verify their source of funds, identity, and banking history.

The post Bitfinex Launches Perpetual Contracts Settled In Tether (USDt) for Europe 50 and Germany 30 first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Perpetual Protocol (PERP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.5298
Капитализация $0 Rank 99999
Цена в час новости $ 1.4043 (-100%)

germany europe perpetual contracts clarified firm live

Источник: bitcoinexchangeguide.com

germany europe → Результатов: 72


BLOCKCHANCE EUROPE 2021:Germany's leading B2B conference and trade fair on blockchain technology!

The international BLOCKCHANCE EUROPE 2021 is Germany's leading B2B conference and trade fair on blockchain technology and also one of the biggest in Europe. It will take place from March 30 to April 1The post BLOCKCHANCE EUROPE 2021:Germany's leading B2B conference and trade fair on blockchain technology! appeared first on AMBCrypto.

2020-8-13 14:30


Фото:

Lufthansa Booted Out of DAX Stock Index After 32 Years

Lufthansa AG, the largest airline in Germany and the second-largest carrier in Europe, has lost its spot in the top division of Germany’s stock exchange, also known as the DAX 30 index. The index is a ranking of the top 30 German companies by market capitalization, in which Lufthansa has held a position on since […] The post Lufthansa Booted Out of DAX Stock Index After 32 Years appeared first on NullTX.

2020-7-29 16:24


Фото:

Germany: Central Bank Urges Europe To Strengthen Banking System Over CBDC Route

Jan Weidmann, the President of the Bundesbank, holds some very unique thoughts on the topic of money, digitization, and the network effect of payment services. Speaking with Handelsblatt, he offers his perspective on opposing Libra, which is centered around a market-oriented approach rather than endorsing the launch of a state-backed competitor such as a digital euro, JanuaryRead MoreRead More.

2020-1-4 02:00


B

Borse Stuttgart And Axel Springer To Collaborate On A New Crypto Trading Platform A joint crypto trading platform has been launched by a collaboration between one of Europe's digital publishing giants Axel Springer, and the one of Germany's stock exchange forerunners Borse Stuttgart, Including Finanzen.

2019-3-27 20:59


If properly enforced, GDPR can solve social media’s biggest problems

From concerns about data sharing to the hosting of harmful content, every week seems to bring more clamour for new laws to regulate the technology giants and make the internet “safer”. But what if our existing data protection laws, at least in Europe, could achieve most of the job? Germany has already started introducing new legislation, enacting a law in 2018 that forces social media firms to remove hateful content.

2019-3-12 18:58


Well, if even the Germans! The largest stock exchange in Germany is ready to launch futures on BTC, ETH, XRP, …

In December 2017, Chicago-based stock exchanges Cboe and CME launched Bitcoin futures trading. The Cornl took off to $ 19K after that. “After” does not mean “because of”. But still there is something to think about now, when crypto futures are ready to be launched in Europe. Slow to mount but ride fast? The Eurex […]

2019-2-23 10:41


дальше еще 23 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru