KuCoin’s Derivatives Exchange Launches BTC Quarterly Futures

KuMEX, the derivative arm of KuCoin, on Thursday, announced the launch of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term quarterly futures contracts.

These contracts are different from the usual perpetual contracts on the exchange, have an expiry date, and will be settled to a price derived from the underlying asset according to a prespecified rule.

Already available to trade, the delivery date of the KuMEX Bitcoin quarterly delivery contract is the last Friday of the contract month, and the price to settle at is a 30-minute time-weighted average price (TWAP) of the spot index at 12:00 UTC on the delivery date exchange detailed, the exchange detailed.

The derivative platform will list the quarterly contracts for two consecutive years.

“If today is May 1, then the contract month will be June and September,” the announcement detailed. “Traders can identify the contract month according to the contract ticker. For example, the ticker for a Bitcoin contract to settle in December 2019 is XBTZ19.”

Aggressive strategy to gain clients

The crypto exchange jumped into derivatives offering in July by launching KuMEX. It initially listed Bitcoin perpetual contracts against USD and also offers Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term of up to 20x to traders.

#KuMEX 24h volume surged almost 5 times ? while it handles pretty well!

What do you think about the #BTC ? today? CHINA EFFECT? pic.twitter.com/6kQ1QqVZcv — Michael Gan (@gan_chun) October 26, 2019

To provide an accurate price of the Bitcoin Spot Index, the platform uses volume-weighted average US dollar price of Bitcoin across six major crypto exchanges - Coinbase Pro, Bitstamp, Kraken, Gemini, Liquid, and Bittrex.

To attract traders on the platform, it has kept a negative makers fee of 0.025 percent while the taker fee has been set at 0.060 percent.

Earlier this month, the exchange also announced the Bitcoin monthly futures contracts.

Meanwhile, the crypto exchange is also gearing up to launch margin trading services, Finance Magnates reported.