RATE Group | Tether perpetual contracts listed on ByBit and KuMEX
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Tether perpetual contracts listed on ByBit and KuMEX

30 Mar Tether perpetual contracts listed on ByBit and KuMEX

Posted at 15:16h in Cryptocurrency News by

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Bitfinex-owned stablecoin Tether now has futures contracts listed on derivative exchanges ByBit and KuMex.

In spite of recent controversy Tether has established itself as the largest stablecoin by market cap, commanding a capitalisation of $4.6 billion to become fourth on the list of top cryptocurrencies.

The stablecoin’s perpetual contacts allows traders to hedge their bets by holding long and short positions simultaneously.

“I’m delighted to see that USDt is once again the trusted choice of the growing derivatives industry,” said Paolo Ardoino, CTO at Tether. “Bitfinex, OKEx and other major exchanges have already launched derivatives products that use Tether USDt for collateral and settlements. We see more exchanges are following month after month.”

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