Liquid, a major crypto trading service, has announced the beta launch of a new offering for its many customers. Dubbed the Liquid Perpetuals, the new service allows Liquid’s customers trade perpetual Bitcoin contracts with leverage up to 100x.
With the new product, customers can trade perpetual contracts on the Liquid platform, based on Bitcoin’s market value. The price of the Bitcoin contract on the Liquid platform is informed by an index which measures the live price swings on five major exchange trading platforms. They include Bitstamp, Gemini, Liquid, Kraken, and Coinbase.
The index calculates the price using these five platforms by ignoring the highest and the lowest prices. Of the remaining, it then calculates the average and flies with that number.
Perpetual contracts are contracts which do not expire and do not accrue any interest.
The Liquid Perpertuals allow customers to fund the contracts with 13 different assets including digital and fiat. Furthermore, other features include advanced offerings which allow Cross Margin and Isolated Margin.
The product promises better trading safety than most other similar offerings. It is also said to process smart liquidations gradually, with a 10% maximum at a time. This was designed to help reduce shortage and auto liquidation.
Back in 2018, OKEx launched a similar product.
Image Credits: Pixabay
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