Coin On Releases ETH 1-75 Times BTC Perpetual Forward Contract: What You Need to Know

On April 25th, according to official announcement, Coin On will launch ETH 1-75 times BTC perpetual forward contract at 20:00 on April 26th. The contract uses ETH as the underlying asset and BTC as the settlement asset, which means the contract uses BTC to settle the asset and calculate the face value, and can provide up to 75 times leverage.

Coin An Online ETH1-75 Times BTC Perpetual Forward Contract

Are you looking for a new investment opportunity in the cryptocurrency market? Coin On has recently announced the release of their ETH 1-75 times BTC perpetual forward contract. This contract will use ETH as the underlying asset and BTC as the settlement asset, providing up to 75 times leverage. Here’s what you need to know:

What is a Perpetual Forward Contract?

Before we dive into the specifics of this exciting new opportunity, let’s first understand what a perpetual forward contract is. Essentially, it is an agreement between two parties to exchange an asset at a future date, with the price of the asset being determined at the point of the contract’s initiation. Unlike traditional futures contracts, perpetual forward contracts do not have an expiration date, making them a more flexible option for investors.

What is ETH?

Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, following Bitcoin (BTC). It was created in 2015 by Vitalik Buterin, and since then has become a popular platform for developers to create their own decentralized applications (dApps) and smart contracts.

How Will the Contract Work?

The ETH 1-75 times BTC perpetual forward contract will use ETH as the underlying asset and BTC as the settlement asset. This means that the contract’s value will be determined by the price of ETH, but settlements will be made in BTC.
The contract will provide leverage of up to 75 times, allowing investors to potentially profit significantly from small price movements in ETH. However, it’s important to note that with leverage comes increased risk, so investors should approach this opportunity with caution and only invest what they can afford to lose.

Why Choose Coin On’s Contract?

Coin On’s ETH 1-75 times BTC perpetual forward contract offers several advantages over traditional futures contracts. For one, it does not have an expiration date, meaning that investors can hold onto their positions for as long as they’d like. Additionally, its use of ETH as the underlying asset provides investors with exposure to one of the most popular cryptocurrencies on the market.
Another advantage of Coin On’s contract is its use of BTC as the settlement asset. BTC has established itself as the leading cryptocurrency, and its widespread adoption makes it a reliable asset for settlements.

How to Get Started

To start investing in Coin On’s ETH 1-75 times BTC perpetual forward contract, you will need to create an account on their platform. Once you’ve created an account, you can deposit funds and begin trading.
Keep in mind that trading in perpetual forward contracts can be complex and risky. It’s important to thoroughly research the market and understand the risks involved before making any investment decisions.

Conclusion

Coin On’s ETH 1-75 times BTC perpetual forward contract offers investors an intriguing new opportunity to invest in the cryptocurrency market. With leverage of up to 75 times and exposure to two of the most popular cryptocurrencies on the market, this contract has the potential to be a valuable addition to any investment portfolio. However, it’s important to approach this opportunity with caution and only invest what you can afford to lose.

FAQs

1. Can I lose more than my initial investment when trading in Coin On’s ETH 1-75 times BTC perpetual forward contract?
Yes, trading with leverage comes with a significant amount of risk, and investors can lose more than their initial investment. It’s important to approach this opportunity with caution and only invest what you can afford to lose.
2. What is the advantage of using BTC as the settlement asset in Coin On’s contract?
BTC is the leading cryptocurrency by market capitalization and has established itself as a reliable asset for settlements. Its widespread adoption and liquidity make it an attractive option for investors.
3. How do I get started trading with Coin On’s ETH 1-75 times BTC perpetual forward contract?
To get started, you will need to create an account on Coin On’s platform and deposit funds. From there, you can begin trading in the perpetual forward contract market.