Bibox XRP Perpetual Futures is Officially Live

Dear Biboxers,

In order to enhance the users' trading experience and enrich the trading tokens, the XRP Coin Swap and USDT Swap perpetual futures is officially live! The detailed information is as follows:
 
1. New added XRP Coin Swap and USDT Swap futures
The newly added XRP Coin Swap and USDT Swap futures support up to 100X leverage. Welcome to transfer funds to the futures account for experience.
 
2. Introduction about XRP perpetual futures

•  No settlement date: 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 perpetual futures use the mechanism of Funding Cost to ensure that its price closely follows the price of the underlying asset;
•  Price mark: The perpetual futures use a reasonable price marking method to avoid forced liquidation due to lack of liquidity or market manipulation;
•  Automatic deleverage: The perpetual futures use an automatic deleveraging mechanism instead of an account sharing mechanism to deal with losses caused by liquidation of large positions.
   

As of 20:00 on February 3rd (GMT+8), the top ten users of the Bibox futures (no currency restrictions) will receive the Clubhouse referral code. The number is limited, first come first served. For details, please contact: WeChat ID: Bibox_FU,Telegram ID: @Bibox_FU.

Thanks for your support to Bibox！

2/2/2021

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