-
Bitcoin
$84,397.6203
-0.10% -
Ethereum
$1,926.7310
-0.27% -
Tether USDt
$1.0000
0.00% -
XRP
$2.3849
-3.24% -
BNB
$608.0677
2.22% -
Solana
$135.2401
0.25% -
USDC
$0.9999
-0.01% -
Cardano
$0.7417
-1.54% -
Dogecoin
$0.1752
0.26% -
TRON
$0.2202
-1.14% -
Pi
$1.4959
3.68% -
Chainlink
$14.0716
-0.93% -
UNUS SED LEO
$9.8023
-0.16% -
Toncoin
$3.4413
15.53% -
Stellar
$0.2745
-2.50% -
Avalanche
$19.7128
4.85% -
Hedera
$0.1929
-1.47% -
Shiba Inu
$0.0...01288
0.45% -
Sui
$2.3392
-2.65% -
Litecoin
$92.3763
0.10% -
Polkadot
$4.3394
1.22% -
Bitcoin Cash
$338.8495
1.08% -
MANTRA
$6.5235
2.79% -
Ethena USDe
$0.9997
-0.04% -
Dai
$1.0001
0.00% -
Bitget Token
$4.4531
0.39% -
Hyperliquid
$13.9032
-4.06% -
Monero
$212.2515
0.31% -
Uniswap
$6.2444
1.23% -
Aptos
$5.3393
0.62%
ProBit Global Perpetual Contract Trading Rules
ProBit Global's perpetual contract trading rules provide traders with a framework for responsible and transparent engagement in derivatives markets.
Nov 25, 2024 at 08:54 am

ProBit Global Perpetual Contract Trading Rules
Introduction:
Perpetual contract trading is a derivative that enables traders to speculate on the future price of an underlying asset without an expiry date. ProBit Global is one of the leading exchanges offering perpetual contract trading services. These rules govern the conduct of perpetual contract trading on the ProBit Global platform.
1. Eligibility and Registration:
- To trade perpetual contracts on ProBit Global, traders must meet the eligibility requirements set forth by the exchange.
- Traders are required to register an account with ProBit Global and complete the KYC (Know-Your-Customer) process.
- Only verified accounts are permitted to participate in perpetual contract trading.
2. Trading Instruments and Margin:
- ProBit Global offers a range of perpetual contract trading instruments based on underlying assets such as cryptocurrencies, indices, and commodities.
- Each trading instrument has its own unique margin requirements, which are expressed as a percentage of the contract value.
- Traders are responsible for maintaining sufficient margin to support their open positions.
3. Order Types and Market Structure:
- ProBit Global supports various order types, including market orders, limit orders, stop orders, and conditional orders.
- The market structure for perpetual contracts is based on a centralized order book.
- Orders are matched by the exchange's matching engine based on the best available price and quantity.
4. Leverage and Risk Management:
- Perpetual contracts allow traders to use leverage to amplify their potential returns.
- ProBit Global offers customizable leverage options for each trading instrument.
- Leverage increases the potential rewards but also magnifies the risks associated with trading.
- Traders are advised to carefully manage their leverage and implement appropriate risk management strategies.
5. Settlement and Funding Rate:
- Perpetual contracts have no expiry date and, therefore, do not require physical settlement.
- Instead, traders are subject to a funding rate mechanism that ensures that the perpetual contract price moves in line with the spot market price.
- The funding rate is a settlement payment made by traders in long positions to traders in short positions or vice versa.
6. Liquidation and Close-Out:
- Positions may be subject to liquidation if the margin balance falls below a certain threshold known as the maintenance margin.
- Liquidation occurs when the exchange forcefully closes all open positions to minimize the exchange's risk.
- Close-out is another mechanism used to resolve margin imbalances or other unforeseen circumstances.
7. Fees and Commissions:
- ProBit Global charges trading fees for both market makers and market takers.
- The fees vary depending on the trading instrument, the level of activity, and the trader's VIP status.
- Traders are responsible for paying any fees associated with their trades.
8. Compliance and Regulation:
- ProBit Global is committed to operating a compliant and regulated exchange.
- The exchange adheres to all applicable laws and regulations in the jurisdictions in which it operates.
- Traders are expected to comply with all applicable laws and regulations governing perpetual contract 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.
- Sleep Token are back with Even In Arcadia, their fourth album and first under RCA Records, set for release on May 9.
- 2025-03-16 13:05:55
- Social Security Payment Schedule for March 2025
- 2025-03-16 12:55:55
- Solana Governance Has To Prioritize Speed And Incisiveness
- 2025-03-16 12:45:55
- Why Is Qubetics Gaining Attention in 2025?
- 2025-03-16 12:45:55
- The 3 Best Cryptos to Buy in 2025: Qubetics (TICS), Cosmos (ATOM), and Ondo (ONDO)
- 2025-03-16 12:45:55
- The creation of a “Strategic Bitcoin Reserve”
- 2025-03-16 12:45:55
Related knowledge

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?
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?
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?
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?
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?
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?
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?
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?
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?
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?
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?
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
