2 years ago
Eqonex antecedently said it was engaged successful discussions connected the imaginable merger oregon takeover options successful precocious 2021.
The Nasdaq-listed integer assets fiscal services institution Eqonex has launched a caller benignant of Bitcoin (BTC) concern product, a BTC dated futures declaration with a carnal settlement.
Announcing the quality connected Wednesday, Eqonex explained that its BTC dated futures are denominated successful the USD Coin (USDC) stablecoin and summation successful parallel with the BTC terms summation against USDC.
In opposition to perpetual futures, which person nary maturity limit, dated futures expire astatine a pre-set day and clip framework similar each period oregon each quarter, Eqonex noted. “Any presumption successful a perpetual aboriginal stays unfastened until the trader decides to adjacent the commercialized by executing an offsetting trade, oregon until the commercialized gets liquidated by Eqonex,” the steadfast added.
According to the announcement, the Eqonex BTC dated futures declaration expires astatine 08:00 UTC connected the last Friday of the expiry month, with carnal colony occurring automatically connected the expiry date. Users tin commercialized the caller BTC futures declaration with leverage.
Eqonex besides expects to present dated futures for further cryptocurrencies including Ether (ETH) “in the coming months.”
Eqonex’s interim CEO Andrew Eldon pointed retired that determination is inactive a “gap successful the speech marketplace to amended service traders who are looking for harmless entree to products and strategies from accepted concern to exploit and hedge against the volatility of crypto marketplace trading.”
“We are removing the barriers to introduction by delivering a regulated crypto exchange, and by adding institutional-grade products to our customers’ toolkits,” Eldon said.
Related: Derivatives are coming to Coinbase, pursuing acquisition of FairX
The quality comes soon aft Eqonex announced that it was engaged successful strategical discussions with 3rd parties including the valuation of merger oregon takeover options successful December 2021. The quality came successful conjunction with the steadfast appointing Eldon arsenic interim CEO, replacing erstwhile CEO Richard Byworth.
English (US) 