Earlier this week, we announced that we were taking a huge step forward and launching Poloniex Futures as we begin to support futures and derivatives on Poloniex. We’ve received amazing feedback from our community and are thrilled to launch our beta today!
Starting today, customers are able to trade Bitcoin futures risk-free in a sandbox-like environment on our Poloniex Futures beta. All customers who enable their Poloniex Futures account between now and our full launch will receive 10,000 USDT in demo money to begin trading. During this beta period, funds cannot be transferred into or out of your Poloniex Futures wallet. We’re giving away 1,000 USDT to 100 customers who set up their Futures account and make their first trade before July 13th at 21:00 UTC! Set up your Poloniex Futures account and begin trading risk-free for your chance to win.
With Poloniex Futures, customers can trade Bitcoin futures from within their Poloniex account with up to 100x leverage while getting the highest maker rebates and lowest taker fees, no matter how much they’re trading. Learn more about Poloniex Futures on our website.
What are futures?
Futures, also called futures contracts, are agreements to buy or sell currencies, commodities, or other financial instruments at a predetermined price and time and can be cash settled or physically settled. When you buy or sell a crypto futures contract, you are interacting with a contract that represents the asset rather than the asset itself. Once the contract is exercised, the exchange of the actual asset occurs.
Perpetual contracts are similar to futures contracts but don't have an expiration date. This means you can hold a position in a perpetual contract for as long as you'd like. The price of a perpetual contract is based on an underlying index price which means that perpetual contracts are often traded at a price that is similar to spot markets.
What are the benefits of trading futures?
- Hedging: Short or go long in a futures contract to hedge against adverse price movements of the underlying asset
- Price speculation: Futures contracts allow you to speculate on the direction of the underlying asset's price
- Trade with 100x leverage: You don't need to put up 100% of the contract's value amount when trading