WhiteBIT launches Bitcoin perpetual futures trading

The cryptocurrency exchange WhiteBIT announced the launch of trading in Bitcoin perpetual futures. ForkLog was informed of this by platform representatives.

All registered users now have access to the new instrument.

Futures contracts guarantee that the holder will acquire the specified amount of the asset at a set time for a pre-agreed price. They also enable trading digital assets without owning them and profit from the difference between the fixed price and the future price.

A funding mechanism is used to keep prices in line. Only users with open positions participate in it.

“The rate is calculated based on the difference between futures and spot prices. The data is updated every eight hours,” WhiteBIT said.

The exchange will also introduce a unified collateral balance to back margin and futures trading.

Earlier in June, thanks to a partnership with WhiteBIT, the Ukrainian charity ‘Tabletochky’ expanded options for cryptocurrency donations.

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