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DigiFinex perpetual contract data

DigiFinex's perpetual contracts provide traders with a versatile instrument to speculate on future cryptocurrency prices, offering leverage, no expiry dates, and competitive trading fees.

Nov 24, 2024 at 02:02 am

DigiFinex Perpetual Contract Data: A Comprehensive Guide

DigiFinex is a renowned cryptocurrency exchange that offers a wide range of trading products, including perpetual contracts. Perpetual contracts, also known as perpetual futures, are a type of financial derivative that allows traders to speculate on the future price of an underlying asset without the need to own the asset itself.

DigiFinex perpetual contracts are available on a variety of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Traders can use these contracts to take long or short positions on the future price of the underlying asset, depending on their market outlook.

Key Features of DigiFinex Perpetual Contracts

  • High leverage: DigiFinex perpetual contracts offer high leverage, which allows traders to amplify their profits (or losses). However, it is important to note that high leverage also increases the risk of liquidations.
  • No expiry date: Unlike traditional futures contracts, perpetual contracts do not have an expiry date. This allows traders to hold their positions indefinitely, without the need to roll them over.
  • Low trading fees: DigiFinex charges competitive trading fees for its perpetual contracts. The fees are based on a maker-taker model, which means that makers (traders who provide liquidity to the market) receive a rebate on their fees.

How to Trade DigiFinex Perpetual Contracts

  1. Open an account with DigiFinex. The first step is to open an account with DigiFinex. The process is simple and straightforward, and it can be completed in a few minutes.
  2. Fund your account. Once you have opened an account, you need to fund it with cryptocurrencies. DigiFinex supports a variety of cryptocurrencies, including BTC, ETH, and LTC.
  3. Choose a trading pair. The next step is to choose a trading pair. DigiFinex offers perpetual contracts on a variety of cryptocurrencies, so you can choose the pair that best suits your trading strategy.
  4. Place an order. Once you have chosen a trading pair, you can place an order. DigiFinex offers a variety of order types, including market orders, limit orders, and stop-loss orders.
  5. Monitor your position. Once you have placed an order, you need to monitor your position closely. DigiFinex provides a variety of tools and features that can help you manage your risk.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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