LN Exchange Launches USDT-Margined Perpetual Trading
New opportunity for traders! Coming this week, LN Exchange will roll out USDT-Margined perpetual contracts. Now, you can trade based on BTC’s price movements using Tether (USDT) as collateral.
What is USDT-Margined Perpetual?
USDT-margined contracts are linear futures contracts quoted and settled in USDT. Users can use USDT to enter into and settle multiple futures positions across different assets, such as BTC, ETH, and SOL. This simplifies trading by eliminating the need to purchase various underlying cryptocurrencies in spot markets.
Key features of USDT-margined contracts include:
- Leverage: Traders can control larger positions with a smaller amount of USDT, increasing their potential for profit (and risk).
- Margin Requirements: To open a position, traders must maintain a minimum amount of USDT in their account as margin, which serves as collateral.
- Profit and Loss Settlement: Profits and losses from these contracts are typically settled in USDT, allowing for easier management of returns and expenses.
- Market Exposure: These contracts provide exposure to the cryptocurrency market.
How to Participate in USDT-Margined Perps Trading on LN Exchange?
To get started, you can deposit a minimum of 200 USDT into your USDT-margined account on the LN Exchange.
About USDT-BTCUSDT
Collateral & Settlement Currency: USDT
Contract Value: 0.001 BTC
Leverage: 1x — 20x*
Margin Maintenance: 2.5% — 50%*
Minimum Order Size:
0.003 BTC / 200 USDT (whichever is lower in notional value)
Maximum Order Size:
2 BTC / 150,000 USDT (whichever is lower in notional value)
*may be adjusted in the future.
Fees
Taker Fee: 0.05%*
Maker Fee: 0.02%*
*may be adjusted in the future.
Earn DOUBLE LN Points
During this phase, participants will earn DOUBLE LN Points for Perpetual Trading. Here’s how the rewards break down:
- 0.1 LN Points for every 10 USDT in trading volume.
- 10 LN Points for every 1,000 USDT in trading volume.
- 100 LN Points for every 10,000 USDT in trading volume.
Take advantage of this opportunity to maximise your rewards!
Video: Introduction to USDT-M Perpetual Contracts
User Guide: How to Trade USDT-M Perps on LN Exchange
Guide: [Link]
Reminders & Disclaimers
- All positions may be closed at the end of the test phase to allow LN Exchange to prepare for Phase 3 or the official launch of LN Exchange.
*Important*
We would like to remind all users that trading cryptocurrencies involves significant risks and price volatility. It is essential to engage in trading activities with a clear understanding of these risks and to make decisions with a sound mind. We strongly advise that you only invest funds you can afford to lose. Please exercise due diligence and trade responsibly. Seek professional financial advice if necessary.
The Lnfi team reserves the right to cancel all rewards at their discretion. Additionally, trading fees may be adjusted and any changes will be announced by the Lnfi team in the future.
Washtrading restriction: Transactions flagged as washtrading may be subject to eligibility at the discretion of the team.
For more detailed information, please refer to our terms of use.
