To Hedge Against BTC’s Volatility, Phemex Launch GOLD/USD Pair to Trade Gold Perpetual Contracts With up To 100X Leverage

The post To Hedge Against BTC’s Volatility, Phemex Launch GOLD/USD Pair to Trade Gold Perpetual Contracts With up To 100X Leverage written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics

Singapore-based cryptocurrency derivatives exchange Phemex, has rolled out a proprietary perpetual contract pegged on gold and settled in nominal USD that they say is the first GOLD/USD perpetual contract that can be traded with up to x100 leverage. It is pegged price-wise by the combination of several indexes: 1Forge.com (40%), GoldPrice.com (20%), itBit.com (15%), Bitfinex.com (15%), […]

The post To Hedge Against BTC’s Volatility, Phemex Launch GOLD/USD Pair to Trade Gold Perpetual Contracts With up To 100X Leverage written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics