Market Cap: $2.754T 0.720%
Volume(24h): $64.1541B -20.330%
Fear & Greed Index:

18 - Extreme Fear

  • Market Cap: $2.754T 0.720%
  • Volume(24h): $64.1541B -20.330%
  • Fear & Greed Index:
  • Market Cap: $2.754T 0.720%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to play Gemini u-based contracts

Traders on Gemini's U-based contracts platform can speculate on the future prices of cryptocurrencies without the risks associated with directly holding crypto-assets.

Nov 20, 2024 at 03:17 am

How to Play Gemini U-based Contracts

A U-based contract, also known as a perpetual contract, is a derivative contract where the underlying reference asset is denominated in a fiat currency. Traders who speculate on the future prices of a particular cryptocurrency use these contracts. U-based contracts are typically quoted and settled in USD, making the onboarding for new users quite simple as traders do not need to trade or hold crypto-assets directly. This also eliminates risks associated with directly holing crypto-assets such as custodial and price volatility risks.

Gemini's U-based contracts are straightforward to understand, even for novice traders. These contracts are flexible in that traders are offered an opportunity to offset risk through hedging. Even without leverage or knowledge of blockchain assets, one can still trade U-based contracts. In this guide, you will learn how to:

• Navigate Gemini's U-based contracts platform.
• Create a U-based contracts account.
• Fund your U-based contracts account.
• Place a U-based contracts order.
• Manage your U-based contracts positions.
• Close your U-based contracts position.

Setting Up Your Gemini Account

Creating a U-Based Contracts Account

  1. Log in to your Gemini Account, click on "Trade," and then select "U-based Contracts."
  2. Fill out the application form and submit it for review.
  3. Once your account is approved, you can start trading U-based contracts.

Navigating Gemini's U-Based Contracts Platform

Gemini's U-based contracts platform is user-friendly and easy to navigate. The following are the key features of the platform:

Order Book: The order book shows the current bid and ask prices for a particular contract.
Chart: The chart shows the price history of a particular contract.
Order Entry: The order entry form allows you to place orders to buy or sell contracts.
Position Manager: The position manager allows you to view your current positions and adjust them accordingly.

Placing a U-Based Contracts Order

There are two types of orders you can place on Gemini's U-based contracts platform: market orders, and limit orders.

  1. Market Order: A market order is an order that will be executed at the current market price.
  2. Limit Order: A limit order is an order that will only be executed at a specified price or better.

To place an order:

  1. Select the contract you want to trade.
  2. Enter the order quantity.
  3. Choose the order type (market or limit).
  4. Click on the "Buy" or "Sell" button.

Managing Your U-Based Contracts Positions

Once you have placed an order, it will appear in the position manager. From here, you can:

View your open positions.
Adjust your positions.
Close your positions.

Closing Your U-Based Contracts Position

When you are ready to close your position, you can do so by placing an order in the opposite direction. For example, if you have a long position, you can close it by placing a short order.

Once you have closed your position, it will disappear from the position manager.

Additional Resources

In addition to this guide, there are a number of other resources available to help you learn how to trade U-based contracts on Gemini.

• Gemini's U-based Contracts Learning Center: This website contains a number of articles and videos that can help you learn about U-based contracts.
• Gemini's U-based Contracts FAQ: This page answers some of the most frequently asked questions about U-based contracts on Gemini.
• Gemini's U-based Contracts Glossary: This glossary defines some of the most common terms used in U-based contracts trading.

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.

Related knowledge

What are the advantages of smart contracts?

What are the advantages of smart contracts?

Mar 14,2025 at 11:51pm

Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?

What are the application scenarios of smart contracts?

Mar 13,2025 at 03:26pm

Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

What is the role of a smart contract in blockchain?

What is the role of a smart contract in blockchain?

Mar 15,2025 at 01:40pm

Key Points:Smart contracts automate the execution of agreements on a blockchain.They eliminate intermediaries and increase transparency and efficiency.Smart contracts enhance security through cryptographic hashing and immutability.Various types of smart contracts exist, catering to diverse applications.Risks associated with smart contracts include vulne...

What are the main features of a smart contract?

What are the main features of a smart contract?

Mar 13,2025 at 10:20pm

Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?

How does a smart contract work?

Mar 13,2025 at 09:05pm

Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?

What is the settlement method of DOGE contract?

Mar 14,2025 at 09:30am

Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...

What are the advantages of smart contracts?

What are the advantages of smart contracts?

Mar 14,2025 at 11:51pm

Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?

What are the application scenarios of smart contracts?

Mar 13,2025 at 03:26pm

Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

What is the role of a smart contract in blockchain?

What is the role of a smart contract in blockchain?

Mar 15,2025 at 01:40pm

Key Points:Smart contracts automate the execution of agreements on a blockchain.They eliminate intermediaries and increase transparency and efficiency.Smart contracts enhance security through cryptographic hashing and immutability.Various types of smart contracts exist, catering to diverse applications.Risks associated with smart contracts include vulne...

What are the main features of a smart contract?

What are the main features of a smart contract?

Mar 13,2025 at 10:20pm

Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?

How does a smart contract work?

Mar 13,2025 at 09:05pm

Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?

What is the settlement method of DOGE contract?

Mar 14,2025 at 09:30am

Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...

See all articles

User not found or password invalid

Your input is correct