• Bitfinex Derivatives recently launched perpetual contracts for three Asian equity indices: HS50, NI225, and XJO.
• The derivatives platform’s services are not available to U.S. users, but it allows leverage of up to 100 times in the allowed jurisdictions.
• All transactions are settled in USDt or U.S. dollar denominated Tether tokens.
Bitfinex Derivatives Launches Perpetual Contracts for Asian Equity Indices
New Perpetual Contracts
Bitfinex Derivatives recently launched perpetual contracts for three prominent Asian equity indices HS50, NI225, and XJO. These contracts went live today at 06:30 AM ET with a leverage of up to 100 times. All transactions are settled in USDt or U.S. dollar denominated Tether tokens.
Services Not Available To US Users
The services provided by Bitfinex Derivatives platform are not accessible to US users due to certain limitations imposed by the government regulations on trading activities in these markets.
Record Number Of Bitcoin Wallets With Non-Zero BTC Balance
Recently, Bitfinex reported that the total number of bitcoin wallets with non-zero BTC balance climbed to a record 45 million 388 thousand while its open only to verified users in other jurisdictions as per their service policies and terms of use agreements as well as trading hours restrictions applied on its services .
CTO Comments On New Perpetual Contracts
CTO Paolo Ardoino commented on launching the new perpetual contracts saying “We are delighted to add the HONG KONG 50, JAPAN 225, and AUSTRALIA 200 perpetual swaps to our portfolio of derivatives products” indicating that he is confident about providing traders an opportunity to trade these contract anytime during the day and week without any restriction being imposed on them due it being a regulated market like traditional financial exchanges have been doing since long time ago .
Conclusion
In conclusion , Bitfinex has taken another step forward towards diversifying its portfolio of derivatives products by introducing perpetuals for three Asian equity indices which can be used by traders worldwide except US clients due to existing regulatory issues they face while trying accessing their services . The CTO also added his comments expressing his enthusiasm over adding these new contracts and providing traders with freedom they need while placing orders anytime during the day or week .