Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » KuMEX Cryptocurrency Futures Platform Launched Perpetual Bitcoin Contracts

    KuMEX Cryptocurrency Futures Platform Launched Perpetual Bitcoin Contracts

    0
    By BlockchainJournal on September 11, 2019 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The KuMEX futures platform launched the trading of perpetual contracts for bitcoin XBTUSDM. This was stated in a press release.

    Contracts are denominated in bitcoins, and quotes are displayed in US dollars. The platform provides leverage up to x20 for transactions with XBTUSDM. To lower the entry threshold for investors, the platform set the price of XBTUSDM to $ 1.

    KuMEX is a trading platform for cryptocurrency derivatives from the creators of the KuCoin crypto exchange.

    KuMEX uses the Bitcoin Spot Index as the current bitcoin price – the Bitcoin dollar price index weighted by trading volumes on six exchanges: Coinbase Pro, Bitstamp, Kraken, Gemini, Liquid and Bittrex.

    To work with risks, the platform created an insurance fund and an ADL (Auto-Deleveraging) mechanism. KuMEX Insurance Fund guarantees that in the event of a forced closure of a position, the amount of user losses will not exceed the margin for this position. The ADL mechanism automatically reduces the leverage of one of the parties to the transaction if the insurance fund is insufficient to cover losses.

    KuMEX will hold a contest for FOMO traders in honor of the second anniversary of the KuCoin crypto exchange. The competition will be held from September 16 to 21 in five rounds, and the prize pool will be up to $ 20,000 in each round.

    Recall that earlier BlockchainJournal announced the intentions of the KuCoin project to launch a platform for trading cryptocurrency derivatives.

    Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    BlockchainJournal.news

    Bitcoin Bitstamp Bittrex CoinBase Coinbase Pro Featured FOMO Gemini Kraken Liquid Telegram Work
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Hyperliquid’s USDH stablecoin call sparks fairness and governance debate

    September 5, 20253 Mins Read

    SharpLink to explore staking part of its $3.6 billion ETH treasury on Linea

    September 5, 20253 Mins Read

    Strategy Inc.’s path to the S&P 500 faces committee discretion, extreme volatility, and Bitcoin-dependent results

    September 5, 20253 Mins Read

    Coinbase accelerates toward a majority of AI-generated code amid a global trend

    September 5, 20253 Mins Read

    World Liberty Financial Blocks Justin Sun’s Wallet Amid WLFI Controversy

    September 5, 20253 Mins Read

    SEC bets on a pro-crypto agenda with a series of rulemakings on digital assets

    September 5, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.