FOR IMMEDIATE RELEASE
HONG KONG, 25th November 2019 – BBOD, the first Zero-Fee Futures Exchange has launched the world’s first Dash perpetual futures quoted and settled in TUSD. The new derivative contract is now trading at BBOD with up to 25x leverage.
Dash is a blockchain-based peer-to-peer digital currency that was forked out of Bitcoin, enabling anyone anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority.
BBOD’s Dash-TUSD perpetual futures contract will allow market participants to go long or short on cryptocurrency with leverage, empowering them to express sentiment and manage risk more effectively. The instrument has no expiration dates, unlike fixed maturity futures.
The contract is designed as a perfect tool for the Dash miners, who may now use Dash futures to hedge their mining profits amidst the rising cost of mining the Dash coin.
Jacob Ruczynski, CEO at BBOD, said: “We are extremely happy to launch the world’s first Dash perpetual futures contract. There has been a strong client demand for this product. Long-term investors may now effectively hedge value of their Dash coins ahead of high volatility events. They can sell futures on Dash if they think that the price will temporarily go down without a need to sell the Dash coin on the cash market. Finally, we believe our Dash/TUSD perpetual futures will help increase the price transparency and efficiency of the underlying market because they lower the costs of purchasing an asset outright.”
This new futures contract expands BBOD’s derivatives offering which currently includes the following perpetual futures contracts: Bitcoin, Ethereum, Bitcoin Cash, Ripple, EOS, Litecoin, Binance, Monero, Stellar, IOTA, Cardano, NEO, Chainlink, Cosmos, Tezos, VeChain, Digibyte and Dash, all quoted and settled in TUSD.
BBOD is to become a leader in offering a wide range of altcoin perpetual futures and this launch is just the beginning as we will introduce new additions to the product offering in the future. BBOD is going to list +100 altcoin perpetual contracts by the end of 2020, to become the most diverse and secure crypto derivatives marketplace to trade altcoins with high leverage.
BBOD is a fully transparent, non-custodial cryptocurrency derivatives exchange with ultra fast trade matching engine for retail and institutional clients, offering a secure and transparent marketplace to trade Bitcoin and multiple Altcoin futures contracts with a stablecoin collateral. The non-custodial nature of the platform means that BBOD does not hold either the clients’ digital assets or their private keys. Instead, a client has their own contract account on the Ethereum blockchain. For more information, please visit https://bbod.io/
Dash is a digital currency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority. Based on a decentralized peer-to-peer network, and secured by strong cryptography, Dash offers a safe and user-friendly payment method without barriers. Dash is portable, inexpensive, divisible and fast digital cash for both the internet and everyday life.
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