In order to enhance the user’s trading experience and enrich the trading currencies, the Bibox USDT perpetual contract has now added 2 trading currencies.

The following are the details of the newly launched trading pair:

Addition of 2 USDT Contract transaction

USDT perpetual contracts have added ETCUSDT and TRXUSDT trading pairs, with a maximum leverage of 75 times.

You are now welcome to transfer funds to USDT contract accounts for the experience.

What is Bibox Bibox USDT Swap Perpetual Futures?

No settlement date
USDT perpetual contract has no expiration time, so there is no restriction on the holding time.
Anchor spot
In order to ensure the tracking of the underlying price index, the USDT perpetual contract uses the Funding Cost mechanism to ensure that its price closely follows the price of the underlying asset.
Price mark
USDT perpetual contracts use reasonable price marking methods to avoid forced liquidation due to lack of liquidity or market manipulation.
Automatic deleverage
USDT perpetual contracts use an automatic lightening mechanism instead of an account sharing mechanism to deal with losses caused by the liquidation of large positions.

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