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LBank Perpetual Contract Trading Rules

To trade perpetual contracts on LBank, users must be registered, have sufficient funds, and acknowledge the associated risks.

Nov 24, 2024 at 01:24 am

LBank Perpetual Contract Trading Rules

Introduction

Perpetual contracts, also known as perpetual futures or perpetual swaps, are financial instruments that allow traders to speculate on the future price of an underlying asset, such as cryptocurrency. Unlike traditional futures contracts, which have a fixed expiration date, perpetual contracts do not expire and can be held indefinitely.

LBank is a global cryptocurrency exchange that offers perpetual contract trading. These rules govern the trading of perpetual contracts on the LBank platform.

Eligibility

  1. To be eligible to trade perpetual contracts on LBank, you must be a registered user of the platform.
  2. You must have sufficient funds in your LBank account to cover the initial margin and maintenance margin requirements.
  3. You must have a good understanding of the risks involved in perpetual contract trading.

Trading

  1. To trade perpetual contracts, you must first select the underlying asset and the desired leverage.
  2. You can then place a buy or sell order.
  3. Your order will be filled at the current market price.
  4. You can monitor your open positions and orders in the "Positions" and "Orders" tabs of the trading interface.

Settlement

  1. Perpetual contracts are settled every 8 hours.
  2. The settlement price is the average price of the underlying asset over the previous 8 hours.
  3. If your open position is profitable at the time of settlement, you will receive a profit. If your open position is unprofitable, you will lose money.

Fees

  1. LBank charges a maker fee and a taker fee for perpetual contract trades.
  2. The maker fee is a fee that is paid by a trader who adds liquidity to the market by placing a limit order.
  3. The taker fee is a fee that is paid by a trader who takes liquidity from the market by placing a market order.

Risks

  1. Perpetual contract trading is a leveraged product, which means that you can lose more money than you initially invest.
  2. The market for perpetual contracts can be volatile, and prices can move quickly.
  3. You should only trade perpetual contracts with funds that you can afford to lose.

Additional Rules

  1. LBank may modify these rules at any time without notice.
  2. LBank is not responsible for any losses that you may incur as a result of trading perpetual contracts.
  3. You should consult with a financial advisor or legal professional if you have any questions about these rules or the risks of perpetual contract trading.

By following these rules, you can ensure that you are trading perpetual contracts on LBank in a safe and responsible manner.

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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