To meet the trading needs of more users and improve futures trading products and services, CoinEx has supported USDC futures contracts and listed 2 linear contracts of BTCUSDC and ETHUSDC on July 17, 2023.
According to data from DefiLlama on July 17, 2023, USDC has a market cap of $27.026 billion in the stablecoin market, accounting for a 21.23% share, second only to USDT (65.82%). With its increasing application in DeFi, USDC has gained growing popularity among users. To meet the demand for USDC futures trading from more users, CoinEx has decided to support USDC futures contracts, providing users with diversified futures trading options.
As a type of crypto derivative, futures contracts allow investors to profit from price fluctuations by buying long or selling short. CoinEx futures contracts boast advantages such as risk hedging, increased capital utilization, and a wide range of investment choices. CoinEx futures help users mitigate the impact of volatile crypto prices on investment returns. Additionally, with the leverage of futures trading, investors can adjust the leverage and trade with amplified capital. Last but not least, CoinEx provides abundant futures trading markets, diversifying investment portfolios for its users.
Similar to the USDT futures contracts, the newly launched USDC futures contracts on CoinEx come with no expiration or settlement dates, so investors may close the position or hold it in light of market conditions. Just like USDT futures contracts allow investors to buy long or sell short using USDT as margin, USDC can be used as margin of USDC futures contracts. When trading USDC futures contracts, investors settle all margin, profits, and losses in USDC. For example, the market price, position profits, and margin for the BTCUSDC contract on CoinEx are all calculated in USDC. Furthermore, with USDC, users can trade in multiple USDC futures contract markets on CoinEx without any costs for transfer of positions, which makes trading more flexible.
Below are more details of USDC futures contract trading on CoinEx and the first batch of futures contract markets available:
1. List Time
July 17, 2023
2. Markets
BTCUSDC and ETHUSDC
3. Supported Leverage
1x, 2x, 3x, 5x, 8x, 10x, 15x, 20x, 30x, 50x, 100x
Users can access the CoinEx Futures page and choose the USDC market in the Linear Contract section to start trading. Currently, CoinEx USDC futures contracts support leverage options from 1x to 100x. Yet it is important for users to note that influenced by various factors such as market conditions and policies, futures trading is subject to significant volatility and unpredictable price movements. Therefore, CoinEx advises users to control their leverage ratio, keep a close eye on market trends, and be aware of market risks.
As of now, 100+ linear contract and inverse contract markets have been supported on CoinEx. Over these years, the exchange has continuously optimized futures contract products, aiming to simplify the futures trading process for users. At the same time,it has been consistently supporting more futures contract markets to meet the trading needs of more users. In the future, CoinEx will list more USDC futures contracts based on market conditions and user demand, providing users with a diversified selection of futures trading options. Stay tuned for more updates from CoinEx.
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