What is the meaning of coin-standard contract? There are a lot of words in virtual currency. Many people do not know what coin-standard contract means. Let’s take a look at it with the editor. I hope this article can help You helped.

What is the meaning of currency-standard contract?

Coin-standard contract is a digital currency contract that uses the currency held as the unit of pricing, transaction and settlement. It is a type of perpetual contract. Name: digital contract, perpetual contract. Unlike futures contracts, currency-based contracts have no expiration date, so settlement will not occur and can closely follow the underlying reference index price through the anchoring mechanism. At present, currency-based contracts support two-way trading (long and short) of contracts such as BTCUSD and EOSUSD, and provide multiple leverages, aiming to allow the situation of the spot market to be replicated under high leverage conditions.

Coin-based contracts have no expiration date, settlement and delivery will not occur. The spot prices on multiple exchanges are tracked as the index price, and the index price is a key indicator for calculating floating profits and losses and determining position risks.

Coin-based contracts support two-way trading, which means you can go long or short, and provide 2/3/5/10/20/33/50/100 times leverage options to meet different risk preferences. investor needs.

We take the XRP/USD perpetual contract price limit opening as an example. Select "XRP/USD Perpetual" in the contract category, select "Limit Price" as the position opening method, select "100x Leverage", enter 0.11 for "Price" and 1 for "Quantity", and click "Buy/Long" or "Sell/Short" to submit an order. After the order is submitted, there will be a gray pop-up window prompting "Order Submitted".

For example: I plan to buy the XRP/USD contract at US$0.28, then select "Plan Order" in the position opening method, and set the trigger price to US$0.27 (when the market price touches US$0.27, it will My order is triggered, but it will not be executed), enter the execution price of US$0.28, click Buy/Open a position, after submitting the order, if the transaction is completed immediately, the position is successfully opened. You can view the "Current Position" of the current position. Information such as "forced liquidation price", "margin", "unrealized profit and loss", etc. For historical orders, you can view "ordinary orders" or "planned orders" in "Historical Orders".