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Bitunix Launches CVX USDT Perpetual Contracts with 25x Leverage

Bitunix's introduction of CVX perpetual contracts enhances trading opportunities for Convex Finance token amid a dynamic DeFi landscape, allowing up to 25x leverage.

USDT

Summary

Bitunix has launched CVX USDT perpetual contracts, allowing users to trade with up to 25x leverage on the Convex Finance token. This initiative reflects the ongoing activity in the DeFi market, where CVX is recognized for improving yield efficiency for liquidity providers.

Terms & Concepts
  • Perpetual Contracts: A type of derivative that allows traders to hold positions indefinitely without an expiration date.
  • Convex Finance (CVX): A decentralized finance platform that optimizes yield for liquidity providers on the Curve Finance protocol.
  • DeFi: Short for decentralized finance, a sector of the cryptocurrency industry that offers financial services without traditional intermediaries.