The exchange CoinW has introduced five perpetual TradFi futures, comprising three currency pairs and two stock indices, with margin trading available in USDT. This information was shared with ForkLog by representatives of the platform.
The newly listed instruments include:
- EUR — Euro against the US dollar (leverage up to 500x);
- GBP — British pound against the US dollar (up to 200x);
- JPY — US dollar against the Japanese yen (up to 200x);
- JP225 — Nikkei 225 index, featuring 225 of Japan's largest companies (up to 75x);
- KR200 — KOSPI 200 index, which includes the 200 largest companies in South Korea (up to 25x).
According to CoinW's representatives, the exchange is one of the first to offer perpetual futures on these specific currency pairs and indices.
The minimum price fluctuation is set at 0.0001 for currency pairs and 1 for the JP225 index.
Traders can utilize the same account used for holding crypto assets to trade these new instruments, eliminating the need for a separate broker agreement or fiat fund transfers. Contracts are denominated in USDT and are not subject to expiration dates.
This product is particularly aimed at traders from CIS countries, where access to traditional brokerage services is limited.
More details regarding the trading conditions for these new instruments can be found on the CoinW website.
Previously, CoinW launched an Earn program offering a base yield of 6% per annum, coinciding with Conor McGregor's return to the octagon.