CoinDCX, the most versatile cryptocurrency trading exchange, has expanded its boundaries to include the most popular line of cryptocurrency trading instruments for its traders, the cryptocurrency futures.
Today, we launch the most-awaited and the fastest growing cryptocurrency derivative trading platform in the world - DCXfutures. It will maximize the trading potential of our traders with leverage up to 15x.
With near negligible maker and taker fee, substantial liquidity, high level risk management, and super-efficient trading engine, DCXfutures demonstrates our commitment to offering a one-stop solution for professional and retail traders alike with the simplest user experience in the world.
The most popular among them is the Bitcoin Futures contract which is available to trade on DCXfutures with 15x leverage. Adding to this, CoinDCX has future trading on 8 leading Altcoins. These are Ether (ETH), XRP (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Eos (EOS), Cardano (ADA), and Tron (TRX). Users can also trade perpetual future contracts with Bitcoin and Ethereum perpetual futures.
Before we dwell into the benefits you are getting on DCXfutures, let’s understand:
What are cryptocurrency futures?
Crypto futures allow you to speculatively trade on the future prices of cryptocurrencies without owning the cryptocurrencies. When two parties enter into a crypto futures contract, they agree to buy/sell an asset or security at a pre-fixed price on a selected date in the future. The price of Cryptocurrency futures is directly proportional to the prices of the underlying cryptocurrencies. Users of CoinDCX can trade both Bitcoin and Altcoin futures on the platform.
How is Futures Trading different from Margin Trading?
Futures trading is different from Margin trading. It is safe to say it is a level up to your trading potential. It is superior to margin trading across all dimensions:
Higher leverage: Maximum leverage allowed in futures contracts tends to be much higher than the leverage allowed in margin trading. For example, on CoinDCX, one can trade bitcoin with up to 15x leverage. Whereas, in bitcoin margin trading, leverage is typically capped at 5x.
Higher liquidity: Borrow markets are inherently hard to build and tend to have limited liquidity. This, in turn, impacts the liquidity of margin trading. Futures markets being free of this limitation tend to be highly liquid and are usually bigger than spot markets.
Higher freedom: Every trade seeks the freedom of trading and speculating on the price movements of the market. You can double the opportunity for speculative profit by correctly predicting the volatile price movements of the cryptocurrencies. This will allow you to make larger profits when the asset is trading up (long) or when the cryptocurrency is trading down (short).
No Cost of Interest: The futures contract will either trade at a premium or discount. There are no costs of interest involved in holding the futures. In the case of margin trading, CoinDCX offers interest-free margin trading for first 24 hours and charges 0.05% per day thereafter. CoinDCX provides a wider derivative portfolio with a greater variety of underlying currencies and more comprehensive functionality.
To meet users’ trading requirements, CoinDCX is offering a variety of contracts to trade. The list includes direct future contracts, inverse contracts, and perpetual contracts. This will allow traders to strategise their trades with the utmost feasibility.
Trading on CoinDCX is extremely simple. CoinDCX offers the much-needed versatility on your trading account.
You don’t need to open a separate account to trade futures on DCXfutures.
Just Signup or Login with your existing account on DCXfutures.
Once you have signed up, you will be required to deposit cryptocurrency in your exchange wallets or you can use your existing CoinDCX portfolio to start trading.
What is stopping you? START TRADING NOW!
For more details on DCXfutures, go to: https://coindcx.com/futures