Crypto.com Launches New Perpetual Contracts For Cryptocurrencies
Cryptocurrency market Crypto.com announced the introduction of new instruments to its offer - ALGOUSD, SUSHI USD and CRVUSD. All three cryptocurrencies are available as so-called. perpetual contracts with a leverage of 1: 100.
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What are Perpetual Contracts
This concept is not used in forex or stock market terminology, but it is still common in the cryptocurrency market. perpetual contracts it is nothing more than a type of futures but without an expiry date. This means that we can keep an open position for any length of time. Trading in perpetual contracts is based on the so-called index price index price) the underlying asset (e.g. cryptocurrencies). The Index Price is the average price of a given instrument from key spot markets. When calculating the Index Price, the transaction volume from these markets is also taken into account.
Crypto contracts with no expiration date
New instruments added to the offer Crypto.com are available in relation to DAI, USDC and USDT and leverage of 1: 100. Additionally, you can lower your transaction costs by having an exchange token - CRO Stake.
Cypto.com can boast of an increasingly richer offer of perpetual contracts for cryptocurrencies and exemplary transaction service. The stock exchange is currently able to process 2,7 million transactions per second and the execution time of a single order is 5 ms. Currently, Crypto.com offers 15 perpetual contracts for popular tokens. These are: BTCUSD, ETHUSD, CROUSD, ADAUSD, DOTUSD, DOGEUSD, ENJUSD, LINKUSD, UNIUSD, VETUSD, LTCUSD, MATICUSD, ALGOUSD, SUSHIUSD and CRVUSD. According to CoinMarketCap data, the average daily turnover on Crypto.com is estimated at USD 343 million, and the total number of page views per week exceeds 1,3 million.