Coin On Launches Multi-Asset JOE Perpetual Contract

03/28/2023 08:12 • Blockchain Briefs • 192 views

According to the official announcement, Coin On will launch the 1-20 times JOE perpetual contract at 20:00 Beijing time on March 29. The multi asset model allows users to trade JOE USDT perpetual contracts between multiple margin assets, subject to applicable discount rates.

Coin On will go online on March 29th with a 1-20 times JOE perpetual contract

As the cryptocurrency market continues to gain momentum, digital currency exchange platforms are exploring new ways to offer users a wider range of trading options. Coin On, a popular exchange platform, has recently announced the launch of their latest trading option – the JOE perpetual contract. This innovative trading feature will allow users to trade JOE USDT perpetual contracts between multiple margin assets, subject to applicable discount rates.

What is a JOE Perpetual Contract?

Before delving into the features of the JOE perpetual contract, it is important to understand what a perpetual contract is in the first place. A perpetual contract is a special type of futures contract that allows users to enter into a perpetual agreement to buy or sell a particular asset at a specified price. Unlike traditional futures contracts that have a set expiration date, perpetual contracts do not have a specific end date, and users can hold the position as long as they want.
In the case of the JOE perpetual contract, Coin On is offering users the ability to trade derivatives based on the price of JOE – an emerging cryptocurrency token on the platform. These perpetual contracts allow users to leverage their positions and earn profits even when the market is in a downtrend.

What are the Key Features of the JOE Perpetual Contract on Coin On?

One of the key features of the JOE perpetual contract on Coin On is the multi-asset model. This allows users to trade JOE USDT perpetual contracts between multiple margin assets, providing a wider range of trading options. Users can take advantage of applicable discount rates to maximize their returns and minimize their risks.
Another important feature of the JOE perpetual contract is the ability to trade long or short positions. This means that users can profit from both bullish and bearish market conditions. Additionally, the JOE perpetual contract offers competitive trading fees that are significantly lower compared to other platforms in the market.

How Does the JOE Perpetual Contract Compare to Other Trading Options?

While several cryptocurrency exchange platforms offer futures trading options, the JOE perpetual contract on Coin On stands out for several reasons. Firstly, the multi-asset model offers users greater flexibility and the ability to diversify their trading portfolio. Additionally, the JOE perpetual contract offers higher leverage options and lower trading fees compared to other futures trading options.

Conclusion

Overall, the launch of the JOE perpetual contract on Coin On is a significant milestone for the exchange platform and the cryptocurrency market. The innovative multi-asset model and lower trading fees offer users an attractive option to explore and expand their trading portfolio. As the market continues to evolve, it will be interesting to see how users respond to this new trading option and how it impacts the overall market dynamics.

FAQs

1. What is a perpetual contract?
– A perpetual contract is a special type of futures contract that allows users to enter into a perpetual agreement to buy or sell a particular asset at a specified price.
2. What is the multi-asset model for the JOE perpetual contract on Coin On?
– The multi-asset model allows users to trade JOE USDT perpetual contracts between multiple margin assets, subject to applicable discount rates.
3. How does the JOE perpetual contract compare to other futures trading options?
– The JOE perpetual contract offers higher leverage options and lower trading fees compared to other futures trading options available in the market.

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