YUAN will launch TRU 1-20 times U standard perpetual contract

According to the official announcement, Qian An announced that it would launch the TRU 1-20 times U-standard perpetual contract at 20:00 on March 7, 2023.

Interpretation of this information:

The message above pertains to Qian An’s upcoming launch of the TRU 1-20 times U-standard perpetual contract, which is expected to occur at 8:00 pm on the 7th of March, 2023. As an interpretation of this statement, it is essential to comprehend the following terminologies and their implications.

First and foremost, let us define what a perpetual contract is. A perpetual contract is a type of futures contract that has no expiration date, thereby allowing traders to maintain their positions for as long as they want. Unlike traditional futures contracts, which have an expiry date, perpetual contracts do not require the holder to buy or sell at a specific date, and the contract’s value is based on the underlying asset’s price.

The TRU 1-20 times U-standard perpetual contract is a derivative product that uses the price of U.S. dollars as an underlying asset. The “TRU 1-20” denotes the multiplier and leverage of the contract, where traders can stake as little as 1 U.S. dollar with a 20 times leverage, allowing them to open positions 20 times the size of their initial investment.

Moreover, Qian An’s announcement provides a specific time and date for the launch of the TRU 1-20 times U-standard perpetual contract, highlighting the company’s commitment and transparency to its customers. Although the time of the launch is over two years away, the announcement offers traders ample time to study and analyze the market before making informed decisions.

Additionally, Qian An’s decision to launch this new product suggests the company’s expansion plans and its focus on meeting its customers’ evolving needs. The TRU 1-20 times U-standard perpetual contract’s introduction ensures that the company offers a diversified portfolio of trading instruments, providing its traders with more investment options.

Finally, it is essential to note that Qian An has built a reputation as a leading crypto derivatives exchange worldwide, providing its customers with a secure and user-friendly platform. As such, the company’s decision to launch a U.S.-dollar-based perpetual contract suggests both its continued growth and the significant role it plays in shaping the future of the derivatives market.

In conclusion, Qian An’s announcement to launch the TRU 1-20 times U-standard perpetual contract shows the company’s commitment to delivering innovative and secure trading services to its customers. The inclusion of the specific launch time and date offers traders ample time to prepare their investments, and Qian An’s expansion plan highlights its stability and leadership in the derivatives market.