Cryptocurrency exchange Syetabit will launch new linear futures contracts based on USDT Stablecoin with leverage up to x100. Pairs with Bitcoin, EOS, Ethereum, Litecoin, Bitcoin Cash, XRP, Ethereum Classic, Bitcoin SV and TRON will be available for trading.
According to Syetabit, Stablecoin-based derivative contracts make it easier and more efficient for traders to navigate the market and account for risk. USDT-based derivatives, in particular, will eliminate the need for users to switch between cryptocurrencies to lock in gains and losses in the dollar.
Syetabit’s director of financial markets allowed for the possibility of creating additional USD-stablecoin derivatives similar to new futures in the future.