On April 21, ApolloX and BitKan exchanges successively launched JASMY/USDT perpetual contracts, among which ApolloX exchange supports up to 50 times leverage, and BitKan exchange supports up to 25 times leverage. USDT perpetual contracts are forward contracts with stablecoins (USDT) as collateral assets and support two-way transactions.
- ApolloX, established in 2021, is the first CEX-DEX hybrid crypto derivatives exchange designed to provide new and existing traders with accessibility and anonymity in derivatives trading.
ApolloX announcement:
https://apollox.zendesk.com/hc/en-us/sections/4404348857497-New-Listing
- BitKan is a one-stop cryptocurrency investment service platform that integrates trading (spot & contract & strategy & wealth management), market quotations, community, information, currency wallet and other functions. Currently, there are more than 1,200 currencies supported for trading.
BitKan announcement:
https://bitkan.com/notices/detail/1909
Recently, Jasmy’s liquidity and community activity have continued to grow. According to data from Etherscan.io, the number of Jasmy currency holding addresses has exceeded 25,000. The global 24-hour transaction volume that can be monitored exceeds 1 billion US dollars, the official Twitter and Facebook channels have followed more than 200,000 people, and the activity of the Telegram community and Google Trends continue to rise.
Many exchanges such as FTX, ApolloX, BitKan, etc. have opened the JASMY futures and derivatives trading market, which is the most intuitive manifestation of JasmyCoin’s liquidity and trading depth, and has been unanimously affirmed by the market. We firmly believe that in the financial market, Jasmy will launch diversified financial products to meet investor needs in the future.
Perpetual contract is a derivative similar to leveraged spot trading, and is a digital currency contract product settled in BTC, USDT, ETH and other currencies. Investors can obtain the benefits of rising digital currency prices by buying long, or obtain benefits from falling digital currency prices by selling short. A perpetual contract differs from traditional futures in a certain way: it has no expiry time, so there is no limit to how long a position can be held. In order to ensure that the underlying price index is tracked, the perpetual contract ensures that its price closely follows the price of the underlying asset through the mechanism of capital fees.
The emergence of futures and derivatives reflects the recognition of JasmyCoin’s liquidity and market stability. Perpetual contracts will further consolidate the price trend of JasmyCoin, win the favor of market capital, expand the trading volume of JasmyCoin and stimulate application scenarios, which is more conducive to guaranteeing User asset security and prevention of market manipulation.
About Jasmy:
Jasmy is a Japanese company that develops and provides data security and sharing services in the Internet of Things era. JasmyCoin is the first local cryptocurrency approved to be listed on a Japanese digital currency exchange, and the first legal and compliant digital currency in Japan. At present, more than 50 trading platforms such as Coinbase, BITPoint, Binance, Huobi etc., have been launched. And it have reached cooperation agreements with more than 20 companies such as Nexstgo, Aplix, Japanius, Witz, MetaVisa, etc. Its self-developed JasmyPersonalDataLocker system has been put into commercial use. Jasmy’s move has promoted the commercialization of Japan’s blockchain technology, which is of epoch-making significance for the prosperity and development of Japan’s cryptocurrency market, and is known as the “Bitcoin” of the new era of Japan’s encryption industry.
To gain more information——
Official website: http://www.Jasmy.co.jp
Twitter: https://twitter.com/Jasmy_league
Telegram: https://t.me/OfficialJasmyUniverse
Facebook: https://www.facebook.com/Jasmyleague/
Medium: https://medium.com/Jasmy-league
GitHub: https://github.com/JasmyCoin/JasmyCoin
