Cryptocurrency exchange WhiteBIT has announced that it has started trading perpetual futures for bitcoin. This was reported to ForkLog by platform representatives.

All registered users can access the new tool.

Futures contracts guarantee that the buyer will purchase a specified amount of assets at a predetermined price at a specified time. It also allows you to trade without owning digital assets and profit from the difference between the fixed and future price.

Financing is used to keep prices in the market. Only users with open positions participate in it.

The coefficient is calculated according to the price difference in the forward and spot markets. “Data is updated every eight hours,” said WhiteBIT.

Also, the exchange will have a single collateral balance to enable margin and futures trading.

Recall that in early June, the Ukrainian charity Tabletochki, thanks to its partnership with the WhiteBIT exchange, expanded the possibilities for cryptocurrency contributions.

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