The cryptocurrency Futuch Platform KUMEX launched unlimited bitcoin contracts

KUMEX futures platform launched the trade in unlimited contracts for the XBTusDM bitcoin. This is stated in the press release.

Contracts are denominated in bitcoins, and quotes are displayed in US dollars. The platform provides a trading shoulder to x20 for transactions with xbtusdm. To reduce the entry threshold for investors, the platform set the XBTUSDM price in $ 1.

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KUMEX is a platform for trading cryptocurrency derivatives from the creators of the Kucoin crypto -tank.

Bitcoin Spot Index uses Bitcoin Spot Index as the current price – a balanced Bitcoin dollar price for six exchanges: Coinbase Pro, Bitstamp, Kraken, Gemini, Liquid and Bittrex.

To work with risks, the platform created the insurance fund and the ADL mechanism (Auto-deleveraaging). The KUMEX insurance fund guarantees that in the event of a forced closure of the position, the amount of user losses will not exceed the margin in this position. The ADL mechanism automatically reduces the trading shoulder of one of the parties to the transaction if the insurance fund is not enough to cover losses.

KUMEX will hold a competition for FOMO traders in honor of the second anniversary of the Kucoin crypto -tank. The competition will be held from September 16 to 21 in five rounds, and the prize fund will be up to $ 20,000 in each round.

We will remind, earlier Forklog reported the intentions of the Kucoin project to launch a platform for trading cryptocurrency derivatives.

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