BTCC Exchange, the world's longest-running crypto platform, has recently added coin-margined quarterly futures to its product categories, introducing the use of Bitcoin and altcoins as the currencies for settlement on the exchange.
As a start, BTCC has launched BTC, ETH, and XRP-margined quarterly futures with flexible leverage of 10x, 20x, 50x, and 100x. Users can deposit the said currencies into the exchange to trade coin-margined futures without converting their crypto to stablecoins like USDT, as in the case of trading USDT-margined futures.
Coin-margined futures are inverse contracts that are quoted and settled in the underlying asset. For example, in the case of BTC-margined futures, it is quoted and settled in BTC. One of its major advantages is that the underlying asset can be conveniently used as a currency to settle futures as well as a hedge in a trader's portfolio. Given the nature of coin-margined contracts, it is exceptionally beneficial for traders who wish to hold their digital assets while trading futures, especially in a bull market.
Currently, coin-margined futures on BTCC are settled quarterly, and no funding fees are charged for holding the positions.
With this new product category addition, users on BTCC can trade both USDT-margined and coin-margined contracts of their choice on the web and app platforms.
The exchange is planning a series of product releases in the coming weeks. Follow BTCC on Twitter to get the latest updates on their product offerings.
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