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Follow on Google News | BaseFEX Launches World's First USDT-Settled Perpetual Contracts Up to 100x LeverageBy: Basefex "BTC is usually used as cash in today's derivative world, but its volatility makes it not suitable for the purpose. When you short BTC using BTC, you lose more than you should since your margin is less valuable along the way." says Jesse Wu, CEO at BaseFEX, "Stablecoin is obviously a better cash than BTC. That would result in a product that is much more easier to use for even professionals." USDT, also known as Tether, is the most popular stablecoin and even acts as a substitute for the dollar in many popular exchanges. Tether converts cash into cryptocurrency to anchor or bond the value of the coin to the price of fiat currency, i.e. US dollar. The main use of Tether is that it offers some stability to the otherwise volatile crypto space and cash on the stock exchanges that can not trade in dollars and with the banks. The value of USDT (Tether) is always being fixed equivalent to 1 USD. As the most popular stable coin, Tether is being used in 40% and 80% (https://cryptoslate.com/ There's been an ongoing investigation (https://www.forbes.com/ Traditionally, Perpetual Contracts are settled by the BTC with significant volatility. Now the advent of USDT-settled contracts at BaseFEX makes it possible for traders to trade more confidently without fear of losing value due to price volatility in BTC. BaseFEX is one of the safest exchanges among all crypto derivatives/ For more information on USDT-settled Perpetual Contracts, visit BaseFEX.com. About BaseFEX: Founded by Jesse Wu, BaseFEX is cryptocurrency derivative exchange that leverages cutting-edge technologies, dedicated to providing traders across the globe with transparency, phenomenal liquidity and unprecedented smooth transaction experience and helping them trade more, and trade better. Visit BaseFEX.com to get more information. End
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