Exchanges

Bitfinex Derivatives launch EOS, LTC and DOT perpetual swaps

Litecoin to reach an all-time high in 2020?

Bitfinex Derivatives has announced the launch of perpetual contracts for EOS/USDT, LTC/USDT and DOT/USDT.

All three contracts went live at 9:00am UTC on October 12, with each contract offering users up to 100x leverage.

“We’re delighted to announce the addition of EOS, Litecoin and Polkadot to the growing portfolio of perpetual swaps available to trade on the exchange,” said Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest in these products among funds and professional investors for hedging purposes and to manage risk.”

The decision to list new derivatives products comes one week after BitMEX suffered a regulatory and legal crackdown, with the firm’s CEO and CTO subsequently standing down from their respective roles.

As a result, it’s worth noting that Bitfinex Derivatives platform and products are only available in eligible jurisdictions and for users who have verified their accounts.

In September Bitfinex Derivatives launched two major stock market derivatives, with an equity index derivative for for two of the largest stock markets in Europe being released.

It offers users exposure to the Europe 50 and Germany 30 in the form of perpetual contracts that will be settled in USD Tether (USDT).

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Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.