Perpetual Futures contracts just launched on Crypto Facilities. Today, you can swap perpetual futures contracts on BitMEX, Deribit, and now Crypto Facilities.
BitMEX started the perpetual futures contracts craze earlier this year, taking advantage of growing interest in bitcoin futures to launch a unique and innovative product. Then, earlier this month, Netherlands-based Deribit launched its own perpetual futures to compete with BitMEX.
We have just launched Perpetual Futures on XBT/USD.
And world’s first Perpetual BCH/USD, ETH/USD, XRP/USD, LTC/USD, and XRP/XBT contracts
Use Bitcoin, Ether, Litecoin, XRP & BitcoinCash as collateral to trade 24/7!
Sign up and trade within 60 seconds: https://t.co/Ia49JYRkzU pic.twitter.com/gbOtGcWLix
— Crypto Facilities (@CryptoFLtd) August 31, 2018
Earlier today, London-based Crypto Facilities followed suit by launching its own perpetual futures on XBT/USD.
BitMEX and Deribit also offer bitcoin/USD perpetual futures contracts.
But Crypto Facilities plans to take things a step further by launching new perpetual futures contracts not seen on BitMEX or Deribit. The company will launch BCH/USD perpetual futures, for example, along with ETH/USD, XRP/USD, LTC/USD, and XRP/XBT contracts.
Traders will now be able to use bitcoin, Ether, Litecoin, XRP, and Bitcoin Cash as collateral to trade on markets 24/7.
Futures traders have more options than ever when it comes to trading – especially for those interested in perpetual futures contracts.
More perpetuals in crypto markets
BitMEX, Deribit, Crypto Facilities, and soon OKex…
Exciting times https://t.co/gXIYXaJUR8
— Whalepool (@whalepool) August 31, 2018
Perpetual futures are essentially futures contracts that don’t expire: they continue rolling over. BitMEX’s perpetual futures contracts were cleared three times per day, or once every eight hours. Deribit’s futures contracts, meanwhile, introduced a new system where the futures “continuously” rolled forward, clearing positions as time went on. It’s unclear how Crypto Facilities’ futures contracts will work, but we assume they’ll work in a similar way to BitMEX’s perpetual futures contracts.
More competition in the crypto exchange space is always good news for the crypto community.