strong buy
BloFin Unveils Cryptocurrency-Backed Perpetual Contracts for BTC and ETH
The cryptocurrency exchange BloFin announced the launch of perpetual contracts with coin margin for the leading digital assets — Bitcoin and Ethereum. Unlike USDT-based contracts, these instruments are backed and settled directly in cryptocurrencies. Traders can realize profits in BTC or ETH without converting funds into stablecoins, which increases flexibility and maintains market exposure.
BloFin also offers over 480 pairs of USDT-M, spot trading, copy trading, API solutions, and sub-accounts. Security is maintained through Fireblocks and Chainalysis, and the exchange plans to expand its list of coin-based contracts in the future.
This move emphasizes increased flexibility and a broader range of trading options for users, reflecting a strategic effort by BloFin to deepen its crypto derivatives offerings and enhance market engagement.
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AI Analysis
The introduction of coin-margin perpetual contracts by BloFin marks a significant development in the cryptocurrency derivatives market. By backing contracts directly with cryptocurrencies like BTC and...
AI Recommendation
Given the innovative nature of coin-margin perpetual contracts, traders and investors should consider exploring BloFin’s new offerings to diversify their trading strategies. For those with an advanced...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.