The OnyFX cryptocurrency derivatives exchange has launched trading pairs with USD. OnyFX users can trade ETHUSDT futures with up to 50x leverage, as well as LINKUSDT, LTCUSDT, and XTZUSDT futures with up to 25x leverage.
In honor of the launch of new trading pairs, the exchange reduced trading commissions for USDT futures by 30%.
According to the CEO of OnyFX, the reason for adding new trading pairs was the popularity of futures contracts among users of the crypto exchange.
The amount of open positions on the BTC USD contract has increased fourfold. We decided to expand the set of trading tools to provide traders with more opportunities to earn money, ” he notes.
Previously, the bitcoin exchange supported the reverse futures of BTC USD, EUR USD, EUR USD and GBP USD, as well as the BTCUSDT contract.
“The new pairs were not chosen by chance. We conducted market and analytical research and determined that ETH, LINK, LTC and XTZ will provide the best liquidity in the current conditions. The second determining factor was the support of our institutional partners, thanks to which we were able to increase the depth of the market, ” comments the General director of OnyFX.