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- EQONEX, a part of EQONEX Limited (Nasdaq: EQOS), today announced the debut of BTC Dated Futures with the physical settlement.
- Allows participants to enter into a formal agreement to buy or sell the underlying asset.
- The Dated Future will expire at 08:00 UTC on the last Friday of the expiry month.
About EQONEX
EQONEX Group is a financial services firm specializing in digital assets with an emphasis on fairness, governance, and innovation.
EQONEX, a cryptocurrency exchange, is part of the firm, as is an over-the-counter trading platform. It also provides a front-to-back integrated trading platform called Access Trading, a securitization advisory service called EQONEX Capital, market-leading hot and cold custodian Digivault, and asset manager Bletchley Park.
EQONEX BTC Dated Futures are priced in the USD Coin stablecoin (USDC) and are linear in the sense that the price of the futures increases as the price of BTC climbs against USDC.
Availability and cease
- New EQONEX bitcoin (BTC) Dated Futures with Physical Settlement are now available.
- The Dated Future will expire at 08:00 UTC on the last Friday of the expiry month.
EQONEX, a cryptocurrency exchange owned by EQONEX Limited, has announced the launch of BTC Dated Futures with a physical settlement. This is a significant step forward in the company’s developing product suite for experienced traders, allowing them to apply regularly used derivatives trading tactics in cryptocurrency markets.
In 2021, EQONEX introduced Cross Collateral capability, Ethereum (ETH) Perpetual Futures, and Bitcoin (BTC) Perpetual Futures. In the near months, EQONEX will also provide Dated Futures for new cryptocurrencies such as ETH.
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Users can buy or sell the underlying asset
EQONEX is one of the few exchanges in the world that offers physically-settled futures contracts for cryptocurrencies like Bitcoin. Because of its industry-leading, secure custody business Digivault and its fiat on-ramp capabilities, EQONEX is able to solve common security and technological obstacles of physical BTC settlement.
A Dated Futures contract allows participants to enter into a formal agreement to buy or sell the underlying asset, in this case, BTC, at a defined price on a future date. Futures contracts are frequently used to speculate on the direction of an underlying asset and hedge against price changes.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
