As hinted by Sam on twitter, we finally can expose ourselves to chinese cryptocurrencies. This is because we have FTX Chinese Futures.
DRGN contracts, futures and leveraged tokens
FTX has launched an index of eight popular China-related cryptocurrencies.
The index name is Dragon (DRGN-PERP) which tracks a basket of coins including BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET, based on a weighted average of their respective prices.
- Dragon perpetual futures
- Dragon December Expiring futures
- Leveraged tokens: DRGNHEDGE, DRGNBULL, DRGNBEAR, DRGNMOON, DRGNDOOM
FTX chinese futures
Why? Because its great for traders who want to expose themselves to alt coins and fair funding rate using up to 101x leverage, along with low trading fees.
The timing of the DRGN-PERP launch probably couldn’t have been better, coming days after Chinese President Xi Jinping urged his country to “seize the opportunity” afforded by blockchain technology and proposed adoption across a wide range of sectors.
Chinese blockchain and tech stocks saw a massive spike in interest after Xi’s comments, prompting authorities to urge investors to avoid speculative behavior.
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