Liquid to Offer Bitcoin Perpetuals with 100x Leverage

Japanese crypto exchange Liquid became the latest player to add 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 perpetual contracts on its platform.

Announced on Monday, the platform will provide 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 100x to the traders.

Perpetual contracts are similar to futures; however, unlike the traditional contracts, they do not have any expiry date.

Explaining its new product, Liquid stated: “A perpetual contract has no expiry date and has no interest fees. Instead, a funding swap occurs between all open perpetual long and short contracts on Liquid.”

“When trading perpetual contracts on Liquid you are trading contracts based on the price of BTC. Perpetual BTC contracts are represented by the P-BTC ticker on Liquid.”

The new investment instruments, however, are still in closed beta phase, and the platform has not provided any tentative timeline of a public launch. The platform is also inviting traders to test its platform and will offer them a month of fee-less services as a promotional offer.

A crypto unicorn

Launched in 2014, Liquid is a subsidiary of Japanese fintech giant Quoine. The platform allows its users to access a global network of cryptocurrency exchanges. It is also one of the few crypto unicorns with a valuation of over $1 billion.

With the new instruments, Liquid will directly compete with established crypto exchanges like Binance and Huobi.

Last year, Binance-backed FTX also launched a similar instrument index, tracking eight popular Chinese crypto projects.

Notably, the Japanese financial regulator is considering to put a cap of 2x on the leverage provided by the exchanges on crypto margin trading.

Meanwhile, Liquid is constantly adding crypto-focused services for its massive client base. Last year, it introduced isolated margin trading to “redefine and improve” trading services. The platform also became the first one to hold a public sale of Telegram’s Gram token, However, due to delay in the project, it canceled its sale recently, Finance Magnates reported.