Revolutionizing Bitcoin Trading: Equos Unveils No-Expiry Futures Contract

Introduction to the New BTC Perpetual Futures Contract

In a move that’s sending ripples through the crypto community, Equos, the Singapore-based digital currency exchange operated by Diginex, has launched its innovative Bitcoin (BTC) perpetual futures contract. This groundbreaking product eliminates traditional settlement dates, allowing traders to hold their positions for as long as they desire. Talk about trading freedom!

The Beauty of Perpetual Contracts

So, what exactly is a perpetual futures contract? Well, unlike your typical futures products that come with expiration dates — like that carton of milk you neglected in the back of your fridge — perpetual contracts allow users to trade without the looming pressure of a deadline. Imagine being able to hold off on selling your Bitcoin just because you believe it’s set to soar in value. Sounds dreamy, right?

Aimed at Professional Traders

Equos has crafted this contract with the professional trader in mind. It’s designed to accommodate various risk profiles, making it a versatile option in the marketplace. Prices and liquidity are sustained by independent market makers, ensuring that even when the going gets tough, the liquidity flow remains steady. That way, no one feels left high and dry!

Backed by Strong Liquidity Reserves

According to Equos, their new BTC futures contract is well-supported by liquidity reserves that are partially funded by transaction fees and trading revenues. This means they aren’t just throwing caution to the wind; they’re backing this product with sound financial strategies. Richard Byworth, CEO of Diginex, assures that this initiative is just the tip of the iceberg, hinting at more innovative products on the horizon.

The Growing BTC Derivatives Market

The buzz around Bitcoin trading is electric, with the derivatives market surging at an astonishing pace. In the third quarter, crypto derivatives grew at over four times the speed of the spot market, achieving a daily volume peak of a whopping $67 billion by the end of November. This unprecedented growth point underscores the increasing institutional interest in crypto assets. As Byworth points out, the introduction of robust hedging tools and fair liquidation processes is set to draw even more professional traders into the fray.