New Perpetual Contracts Launched: JTO, TRB, JUP, and APT Now Available

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We are excited to announce the launch of four new perpetual contract markets: JTO (JTO-USD-PERP), TRB (TRB-USD-PERP), JUP (JUP-USD-PERP), and APT (APT-USD-PERP). Traders can now access these markets with leverage of up to 10x, providing new opportunities in the cryptocurrency derivatives space.

This expansion is part of an ongoing effort to broaden our trading offerings, with plans to introduce one to two new markets each week. The goal is to eventually support over 100 markets, catering to a diverse range of trading strategies and preferences.

Contract Specifications Overview

Each of the new perpetual contracts follows a linear perpetual future model, settled in USDC. Below, we break down the key details for each market to help you better understand the trading parameters.

JTO-USD-PERP

JTO-USD-PERP is a linear perpetual futures contract with the following specifications:

TRB-USD-PERP

The TRB-USD-PERP contract offers traders exposure to TRB with these specific parameters:

JUP-USD-PERP

For those interested in trading JUP, the JUP-USD-PERP contract features:

APT-USD-PERP

The APT-USD-PERP contract provides a way to trade APT with leverage. Its key specs include:

All four contracts share common risk management features, including a 10% price band factor and a 5% funding clamping rate, designed to help maintain market stability.

Understanding Perpetual Contracts

Perpetual contracts, or perpetual swaps, are a popular type of derivative in cryptocurrency trading. Unlike traditional futures, they have no expiration date, allowing traders to hold positions indefinitely. Their price is anchored to the underlying spot asset's price through a funding rate mechanism, which is periodically exchanged between long and short traders.

Leverage allows traders to open positions larger than their initial capital, amplifying both potential gains and losses. It's crucial to understand the risks involved and to employ sound risk management strategies.

Benefits of Trading New Listings

New market listings often present unique opportunities for traders. Early liquidity can sometimes lead to increased volatility, which may appeal to those looking for short-term trading prospects. Additionally, expanding the range of available assets allows for better portfolio diversification.

As the platform continues to grow its offerings, traders gain access to a wider array of digital assets, enabling more sophisticated trading strategies. 👉 Explore more strategies for trading perpetual contracts to enhance your market approach.

Frequently Asked Questions

What is a linear perpetual futures contract?
A linear perpetual futures contract is a type of derivative that is settled in a stablecoin, like USDC. This means the profit and loss from the trade are calculated and paid out in the stablecoin, making it straightforward for traders to calculate their gains or losses without being directly exposed to the volatility of the base asset.

How does leverage work in perpetual trading?
Leverage allows you to open a position that is a multiple of your initial margin. For example, with 10x leverage, a $100 margin can control a $1,000 position. While this can magnify profits, it also significantly increases the risk of losses, especially in volatile markets. It is essential to use stop-loss orders and manage risk carefully.

What are the minimum order requirements?
For all four of these new perpetual contracts, the minimum order value is 200 USD. This is calculated based on the order size multiplied by the contract's price. This requirement helps ensure that orders are of a sufficient size to contribute to market liquidity.

Why is a funding rate used?
The funding rate is a mechanism used to tether the price of a perpetual contract to the spot price of the underlying asset. It is a periodic payment exchanged between traders holding long and short positions. A positive rate means long positions pay shorts, often when the perpetual contract is trading at a premium to the spot price.

What do price band and funding clamping mean?
The price band factor (10% here) limits how far the contract's price can deviate from a moving average, helping to prevent flash crashes or erratic price spikes. The funding clamping rate (5%) caps the maximum funding rate that can be applied, protecting traders from excessively high costs during extreme market conditions.

Where can I learn more about trading parameters?
The full, detailed specifications for each contract, including all order and risk parameters, are available in the official documentation provided by the exchange. Always review these details thoroughly before executing any trades.