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Bitunix Launches SPY, QQQ and CL USDT-Margined Perpetual Contracts

According to an official announcement, Bitunix added three USDT-margined perpetual contracts with up to 20x leverage as its TradFi section expanded to 14 traditional assets on March 25.

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Summary

According to Bitunix’s official announcement, the exchange launched SPY, QQQ and CL USDT-margined perpetual contracts with leverage of up to 20x. The company said that, as of March 25, its TradFi section had expanded to 14 traditional assets, spanning stock indices, commodities, tech blue chips and crypto-related stocks.

Terms & Concepts
  • USDT-margined perpetual contracts: Perpetual derivatives settled and margined in USDT, allowing traders to use Tether as collateral without a contract expiry date.
  • Leverage: A mechanism that lets traders control a larger position with less capital, magnifying both potential profits and losses.
  • TradFi: Short for traditional finance, referring to conventional financial markets and assets such as equities, indices and commodities.