One of the world’s leading cryptocurrency exchange, Liquid, has announced the news about the launch of the closed beta version of new crypto, branded by the name of Perpetual BTC Contracts that will be capable of rendering the users with leverage up to 100 times. The users will be able to indulge in the buying and selling of perpetual BTC contracts through the Liquid Perpetuals software.
According to the latest reports, the users who will be buying and selling perpetual from the Liquid platform will be trading contracts according to the cost of the BTC. Leverage is a revolutionary tool that caters to the requirements of the investors who feel reluctant to make an investment because of the market volatility involved. Perpetual contracts are solutions that do not have an expiration date and no pastime fee charges.
The value of the Liquid Perpetual BTC contracts will be drawn in sync with an index value referencing the time costs of five leading cryptocurrency exchanges- Bitstamp, Coinbase, Gemini, Kraken, and Liquid. As per the reports, the solution will take into consideration the mean value derived from three crypto exchanges after discarding the best and the lowest BTC value given by the involved exchanges. The perpetual contracts will be studded with an array of lucrative yet complicated buying and selling offerings like environment Forestall Loss, enjoy benefits at order access, Move margin, etc. The users will be allowed to support their buying and selling using funds from thirteen currencies, both fiat and crypto.
The multi-market order matching engine provides liquidity from Liquid’s Spot, Margin, and CFD order books to the perpetual platform, which helps to achieve substantial liquidity. It will manifest the deposition of BTC for trading purposes in less than ten seconds with zero-block confirmations. With a view to offering higher security standards, the liquidation functions are carried out incrementally, 10% at a given time.
Liquid is one of the most trusted cryptocurrency exchanges in the world. The exchange network was involved in the processing of transactions amounting to a whopping $50 billion worth. It also has acquired a license from the Eastern Monetary Services and products Company (FSA) and Quoine.