Equos, a cryptocurrency change from blockchain firm Diginex, as we speak introduced that it has launched its bitcoin (BTC) perpetual futures contract. The profitable launch of the BTC perpetual is a serious milestone within the roadmap of by-product merchandise which might be being launched by EQUOS.
The perpetual contract is designed to make sure that skilled merchants and institutional buyers can at all times profit from clear and truthful market situations. Costs and liquidity on the EQUOS change are solely supplied by impartial market makers and EQUOS doesn’t make markets by itself platform, guaranteeing that every one merchants at all times have equal visibility of the orderbook.
As well as, the EQUOS BTC perpetual contract is underpinned by a Liquidation Platform that’s solely devoted to dealing with liquidation occasions. Pricing within the pool is supplied by a number of impartial market makers that add depth and worth competitors to make sure that liquidation orders are executed on the market worth. If there may be inadequate liquidity to deal with the dimensions of liquidated positions, the primary EQUOS order e-book can act as a backup. EQUOS additionally gives a remaining backstop for liquidation occasions by its Liquidation Reserve, which is part-funded by liquidation charges and a portion of buying and selling revenues.
“A useful, strong derivatives market is crucial to offering liquidity and danger administration alternatives for merchants and is vital to attracting institutional funding into cryptocurrencies and digital property extra broadly. Our objective is to develop merchandise with performance that may facilitate wider institutional {and professional} dealer adoption of crypto property. That is simply the primary in a product suite that may supply buyers extra dynamic hedging instruments, fairer liquidation, a platform that isn’t buying and selling in opposition to its customers, and reputational safety for buyers looking for a KYC/AML compliant ecosystem.”
– Richard Byworth, CEO of Diginex
