Bitfinex: new perpetual contracts on Chainlink, Iota and Uniswap

en.cryptonomist.ch 2020-11-19 09:50
Reading time: ~2 m

In a press release released today, the Bitfinex exchange announced that it has launched new perpetual contracts on its platform involving IOTA, Chainlink (LINK) and Uniswap (UNI).

This will allow Bitfinex users to access the derivatives section from today, November 18th at 10 AM UTC, and find new products that correspond to the three added assets:

  • Chainlink (LINKF0:USTF0);
  • Uniswap (UNIF0:USTF0).

As is customary with these types of contracts, the maximum leverage is up to 100x, while all orders will be handled through the Tether (USDT) stablecoin. Each crypto will have its own minimums to speed up the system and usage for users.

Perpetual contracts on Bitfinex

The perpetual contract service of Bitfinex, however, is not available in all countries but only in specific jurisdictions and solely for users with approved Know Your Customer (KYC). For example, American users of Bitfinex will not be able to benefit from these services.

This is a truly impressive expansion of contracts and a source of pride for the exchange, as recalled by the Bitfinex CTO, Paolo Ardoino:

“We’re delighted to announce the addition of IOTA, Chainlink and Uniswap to the growing portfolio of perpetual swaps available to trade on the exchange. We anticipate great interest in these products, particularly among funds and professional investors for hedging purposes and to manage risk.”

Please note that these are not the first contracts of this kind and in fact on Bitfinex there are already several contracts on other cryptocurrencies such as EOS, Litecoin (LTC) and Polkadot (DOT)

The Bitfinex Derivatives platform was launched a year ago and listens to users when adding new crypto assets.

As if that weren’t enough, there are also perpetual contracts for precious metals such as silver, launched only last month, and there is also Tether Gold, a stablecoin anchored to gold, demonstrating that it is not only a platform for digital assets, but also for goods and commodities.