August 9, 2022

Investors can now trade Bitcoin futures without an expiry date

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Equos, a Singapore-based digital currency exchange operated by Diginex, has announced the launch of a new Bitcoin (BTC) futures product without any settlement dates, marking a substantial leap in the BTC derivatives market.

The firm introduced the BTC Perpetual Futures Contract on Thursday, a product it says is “well suited to the current trading environment.” The perpetual contract is geared toward professional traders with various risk profiles, with prices and liquidity provided by independent market makers.

The exchange claims that its new BTC contract is backstopped by its liquidity reserves, which are partially funded through fees and trading revenue.

Unlike traditional futures products, a perpetual futures contract doesn’t have a fixed expiry or settlement date, which means the user can hold the position for as long as they wish. Perpetual contracts on Bitcoin are currently offered by BitMEX, one of the largest crypto derivatives platforms.

Richard Byworth, CEO of Diginex, said the new futures contract is intended to bring wider functionality to the crypto derivatives market, a move he said will “facilitate wider institutional and professional trader adoption of cryptoassets.”

He continued:

“This is just the first inTitle: Investors can now trade Bitcoin futures without an expiry date
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Published Date: Thu, 07 Jan 2021 19:00:00 +0000