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HomePlatform UpdatesVerge Perpetual Futures Contracts launched.

Verge Perpetual Futures Contracts launched.

HONG KONG, 23rd December 2019 – BBOD, a prospective leader in offering altcoin futures trading has launched the world’s first Verge currency (XVG) perpetual futures quoted and settled in TUSD. The new derivative contract is now trading at BBOD with up to 25x leverage.

Verge was founded in 2014 by Justin Sunerok. It was branded back then as DogeCoinDark. It is a proof-of-work cryptocurrency with the aim of being fast, secure and with the possibility to be untraceable. The privacy is secured by using layers of network protection between you and the blockchain. The Verge blockchain allows you to make payments via Tor network to protect your privacy.

BBOD’s Verge-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-date futures. 

The contract is designed as a perfect tool for the Verge miners, who may now use the XVG futures to hedge their mining revenues amidst uncertainty around mining profitability.

Lohann Doucefrance, Marketing strategist at Verge currency, said:

“This is a great example of how Verge is proving itself to be one of the most disruptive and useful cryptocurrencies in the world”

Jacob Ruczynski, CEO at BBOD, said:

“We are pleased to be expanding our cryptocurrency derivatives offering with the launch of Verge futures. Long-term investors may now effectively hedge value of their Verge coins ahead of high volatility events. They can sell Verge futures if they think that the price will temporarily go down without a need to sell the Verge coin on the cash market. Finally, we believe a well-functioning XVG-TUSD perpetual futures market will significantly increase the price transparency and provide valuable and inexpensive information for the Verge market participants”

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, Dash and Verge, 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.

About BBOD

BBOD (Blockchain Board of Derivatives) is the world’s leading and most diverse cryptocurrency derivatives marketplace offering the widest range of crypto futures products for trading and risk management.

Incorporated in the Republic of Seychelles, BBOD’s team consists of 35 people, including 25 in-house software developers in London, UK and Poland and has sales & marketing teams in Hong Kong, Seoul, Sao Paulo and Barcelona. Our core team consists of technologists and traders with 10+ years experience each from companies like State Street, Deutsche Bank, Coinone and University College Dublin.

For more information, please visit https://bbod.io/

About Verge

Verge is a cryptocurrency designed for people and for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.

For mor information please visit: https://vergecurrency.com/

Disclaimer:

Risk warning: Buying, selling, holding and partaking in futures trading of cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in significant loss. BBOD is not responsible for any loss that you may incur from price fluctuations when you buy, sell, hold and leverage cryptocurrencies.

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