#Coin On Launches New JOE Perpetual Contract to their Multi-Asset Trading Platform

According to the official announcement, Coin On will launch the 1-20 times JOE perpetual contract at 20:00 Beijing time on March 29. The multi asset model allows users to trade JOE USDT perpetual contracts between multiple margin assets, subject to applicable discount rates.

Coin On will go online on March 29th with a 1-20 times JOE perpetual contract

Coin On, the well-known cryptocurrency exchange, has announced the launch of their latest product – the JOE perpetual contract. The new contract will allow traders to trade JOE USDT perpetual contracts between various margin assets at a discounted rate. This article will delve into the features and benefits of the new JOE perpetual contract offered by Coin On.
##What is a Perpetual Contract?
A perpetual contract is a futures contract that doesn’t have an expiry date. It allows traders to hold positions for an extended period, without having to worry about the need to renew or roll them over. It differs from traditional futures contracts as it is perpetual and does not expire until the trader decides to close the position. This makes it a popular instrument for long-term trading.

JOE Perpetual Contract Overview

The JOE perpetual contract is a significant addition to the Coin On platform. The product is designed to provide a more sophisticated trading experience for its users. JOE is a natural gas-based cryptocurrency with excellent prospects in the expanding energy industry. The multi-asset model will allow traders to trade JOE USDT perpetual contracts across several margin assets, including BTC, ETH, and USDT, at a discount rate.
##Benefits of the JOE Perpetual Contract
One of the significant advantages of the JOE perpetual contract is the low trading fee. The product offers up to a 50% discount, which is unmatched in the industry. Trading fees can affect a trader’s profit margin, and with the new JOE contract, Coin On is providing traders with the opportunity to maximize profits.
Another benefit of the JOE perpetual contract is the low margin requirement, which offers a risk-controlled trading environment. Traders can manage risk better while maximizing profits.
Additionally, the ability to trade JOE USDT perpetual contracts between margin assets offers a flexible trading experience. Traders can make informed trading decisions based on their analysis and market trends.
##How to Trade JOE Perpetual Contract on Coin On
To trade the JOE perpetual contract on the Coin On platform, users must first register with the platform. After registration, traders must complete the necessary verification processes to enable trading. Once verified, users can deposit funds into their Coin On wallets and make deposits into their futures account.
The next step is to transfer funds from your trading account to your futures account. From your futures account, you can select your preferred margin asset and place your trades.
##Conclusion
The JOE perpetual contract is a great addition to the Coin On platform. The product offers low trading fees, low margin requirements, and flexible trading options, which have contributed to the platform’s growing user base. With the launch of the JOE perpetual contract, traders can expect an improved trading experience.
##FAQs
1. What is a perpetual contract?
A perpetual contract is a futures contract that does not have an expiry date. It offers traders an opportunity to hold their positions for as long as necessary or until they decide to close the position.
2. What is the JOE perpetual contract?
The JOE perpetual contract is a futures contract product launched on the Coin On platform. It offers users the ability to trade JOE USDT perpetual contracts between multiple margin accounts at a discounted rate.
3. How does the JOE perpetual contract work?
Traders can make deposits into their futures account, select their preferred margin assets, and place their trades. The multi-asset model allows traders to trade between margin assets at a discounted rate. The low trading fees and risk-controlled trading environment provided by the JOE perpetual contract allow traders to maximize their profits.
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