Rabbit X will go live ARB perpetual contract

On March 23, it was announced that the decentralized derivatives trading platform Rabbit X would launch an ARB-USD perpetual contract with a leverage ratio of up to 20 times on March 23. Rabbit X is the first decentralized derivatives trading platform on Starnet.

Interpretation of this information:

The announcement made on March 23 regarding the launch of an ARB-USD perpetual contract with a leverage ratio of up to 20 times on the decentralized derivatives trading platform Rabbit X marks a significant development for the platform and the Starnet community. Rabbit X, which is the first decentralized derivatives trading platform on Starnet, is poised to offer traders advanced derivatives trading opportunities in a decentralized environment, which is a departure from traditional centralized exchanges.

The introduction of the ARB-USD perpetual contract on Rabbit X will enable traders to access a new market that hasn’t been available before on the platform. A perpetual contract is a type of derivative contract that enables traders to take positions on the price of an underlying asset without a fixed expiry date. Additionally, the leverage ratio of up to 20 times will allow traders to gain exposure to the market with a smaller amount of capital, which could potentially increase trading volumes on the platform.

The launch of the contract is also significant because it demonstrates the platform’s commitment to innovation and growth. The use of advanced trading strategies such as perpetual contracts have been a hallmark of advanced derivatives trading, and the introduction of such products shows that Rabbit X is committed to providing traders with top-notch trading solutions.

Furthermore, the fact that Rabbit X is a decentralized platform on Starnet means that traders can enjoy trading without the need for intermediaries. The platform employs smart contracts to enable traders to execute trades automatically without a need for central authorities, lowering transaction fees and offering more security benefits than centralized tradings.

In conclusion, the announcement of the ARB-USD perpetual contract on Rabbit X, a decentralized derivatives trading platform on Starnet, is a significant step for traders on the platform. By providing access to advanced trading instruments, Rabbit X is breaking new grounds in the handling of derivatives products. The three keywords that summarize the content of the announcement are Rabbit X, decentralized derivatives trading platform, and ARB-USD perpetual contract.