On October 12, 9:00 A.M. UTC, Bitfinex launched 3 new derivative contracts – EOS (EOSF0:USTF0), Litecoin (LTCF0:USTF0), and Polkadot (DOTF0:USTF0) – according to a press release shared with The Chain Bulletin. The newly-added perpetual swaps come in as a proactive response to the progressing market for altcoin listings.
“We’re delighted to announce the addition of EOS, Litecoin, and Polkadot to the growing portfolio of perpetual swaps available to trade on the exchange,” said Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest in these products among funds and professional investors for hedging purposes and to manage risk.”
In the press release, Bitfinex said that the community can find further details on the perpetual swaps on their website, revealing the specifics of each cryptocurrency transaction and providing practical examples to illustrate the process. According to the information, the derivatives contracts will have a Linear Pay-off Type with a minimum order size of 0.01 and standard transaction fees.
At present, 10 other derivative products are currently listed on Bitfinex Derivatives, of which only 5 are crypto-related, including Bitcoin/Tether, Ether/Tether, Tether Gold/Tether, Ampleforth/Tether, as well as Bitcoin Dominance Index (BTCDOMF0:USTF0). The addition of EOS, Litecoin, and Polkadot will increase the range of blockchain-based digital assets pairs on the platform.