Bibox USDT-M Perpetual Futures will Add New Tokens

Dear Biboxers,
 
In order to enhance the users' trading experience and enrich the trading tokens, Bibox USDT-M perpetual futures will new-added 3 tokens to trade, the detailed information is as follows:
 
1. New added 3 USDT-M futures trading

The newly added trading pairs for USDT-M futures are KSMUSDT, ATOMUSDT and AXSUSDT. Welcome to transfer funds to the futures account for experience.
 
2. Introduction about Bibox USDT-M Perpetual Futures

• No settlement date: USDT-M Perpetual Futures have no expiration time, so there is no restriction on the holding time;
• Anchor spot: In order to ensure the tracking of the underlying price index, the USDT-M Perpetual Futures use the mechanism of Funding Cost to ensure that its price closely follows the price of the underlying asset;
• Price mark: The USDT-M Perpetual Futures use a reasonable price marking method to avoid forced liquidation due to lack of liquidity or market manipulation;
• Automatic deleverage: The USDT-M Perpetual Futures use an automatic deleveraging mechanism instead of an account sharing mechanism to deal with losses caused by liquidation of large positions.

Thank you for your support to Bibox!

9/6/2021

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