Cryptocurrency derivatives marketplace, Delta Exchange has launched the World’s first stablecoin-settled futures on bitcoin and leading altcoins.
With the days of one way up moves in cryptocurrency prices behind us, the global crypto trading action is moving to futures exchanges. Trading crypto futures has several advantages:
(1) a trader can go both long or short,
(2) can use leverage to amplify trading gains and
(3) enjoy lower trading fees.
However, most crypto futures exchanges accept margin only in bitcoin. This means regardless of what crypto a trader is betting on, she is long bitcoin. Delta Exchange is removing this limitation by pioneering crypto futures that are margined and settled in USDC. USDC is a stablecoin that is pegged to the US Dollar. Consequently, USDC settled futures are quite similar to US Dollar…