CrossTower Inc. added perpetual futures trading to its Bermuda digital exchange. Perpetual futures are similar to futures contracts without an expiration. Perpetual futures may be used to manage risk in the cryptocurrency markets such as hedging.
In the Global Pro platform, 20 perpetual futures will be rolled out in several weeks in the top 20 tokens such as Uniswap (UNI).
Perpetual futures will be available to qualified clients. Family offices, institutions, hedge funds, asset managers and professional traders (including retail) will have access to the crypto product.
Kapil Rathi, the Co-Founder & CEO of CrossTower, said: "Perpetual futures provides investors critical tools that can facilitate and shape their investment objectives.
"The advantages of perpetual futures trading are truly compelling for portfolio construction, and we are thrilled to be contributing to the maturation of the digital asset ecosystem. CrossTower is developing cutting edge trading products, and we are excited to be at the forefront of innovation."
Worlds Inc. Partners with CrossTower
Worlds Inc. will use CrossTower's marketplace to offer digital art NFTs, avatars and other products related to the metaverse.
Worlds will drop exclusive NFTs in the marketplace.
Thom Kidrin, the CEO of Worlds, said: “We see huge potential for the new generation of metaverses, NFTs and crypto to permeate many areas of everyday life in innovative ways.
"We are partnering with CrossTower to help us execute on our strategic initiatives. CrossTower has already established itself as one of the top crypto exchanges, and they are a rising star in the NFT market with their impressive knowledge of NFT strategy and how various factors can impact NFT projects.
"We believe that CrossTower is uniquely suited to help Worlds unlock the full potential of our digital assets to bring value and unique experiences to our community and collectors.”
There are expectations for NFTs and metaverse platforms to rapidly grow over the next few years.
Many projects in the Asian market are developing platforms that host live metaverse events in the K-pop industry.
