메뉴 건너뛰기

코인픽:ver.2021년 비트코인 마진,선물거래소 순위 및 추천 사이트

Bitget Quanto Swap

2021.11.25 06:45

UNICORN 조회 수:570

Hi It's Unicorn

 

In this post, I will briefly explain “Quanto Swap”, which can only be traded on BitGet futures, and show you how to use it!

 

What is Quanto Swap?

 

1. It is a derivative product that trades with a coin as collateral.

 

2. You can use margin from multiple coins to trade multiple trading pairs. Any single coin can be used as a margin for multiple trading pairs at the same time, saving the exchange cost between cryptocurrency.

 

3. For instance, you can trade a BTC/USD pair with ETH as a margin, and profit and loss will be calculated in ETH; or you can trade an ETH/USD pair with BTC as a margin and profit and loss will be calculated in BTC.

 

Quanto Swap pros.

 

1. If you use Quanto Swap on Bitget, you don’t need to exchange your coins before trading other coins! It avoids the cumbersome coin-to-coin exchange process and saves the exchange cost and allows users to maximize the margin.

 

2. Both profits and losses from trading will be settled with the coins held as collateral.

 

3. The method of settlement is coin profit / current price of collateral coin = profit or loss amount of coins. The profit is from the rise of coin used in margin. For instance, You trade an ETH/USD pair with BTC as a margin. If the BTC rises, you benefit from both the profit earned in trading ETH and price increased in BTC.

 

Quanto Swap cons.

 

1. Trading volume may be insufficient as it is not a widely known product yet.

 

2. Currently, BitGet only supports Bitcoin, Ethereum and Ripple.

 

3. The value of the collateral fluctuates because the collateral is held by another coin.

 

4. You can make double profits in a bull market, but you can lose money in a bear market.

 

1.png

Source : Bitget blog

번호 제목 글쓴이 날짜 조회 수
공지 UNICORN] BINANCE, BYBIT, FTX, BITMEX REFERRAL CODE (UP TO 20% DISCOUNT) UNICORN 2021.04.20 1126
70 Internal Transfer on Binance(2) file UNICORN 2021.10.12 380
69 Short selling on Bybit file UNICORN 2021.10.29 377
68 How to trade with Vanilla Options on Binance Exchange!(1) file UNICORN 2021.09.06 374
67 How to trade on Binance file UNICORN 2021.08.26 370
66 Margin Call on Bybit file UNICORN 2021.11.11 364
65 What Is The Difference Between Cold Wallet & Hot Wallet? file UNICORN 2021.06.04 362
64 China asked Financial Institutions and Banks to stop assisting cryptocurrency transactions file UNICORN 2021.06.23 356
63 Margin trading file UNICORN 2021.09.02 355
62 BitMEX vs ByBit pros and cons comparison file UNICORN 2021.09.14 337
61 [MAR.02] My First Trading Result by Automated Trading Bot! file UNICORN 2021.03.02 332
60 [MAR.09] Automated Crypto Trading Bot that works 24/7! file UNICORN 2021.03.09 324
59 BUSD margin contracts file UNICORN 2021.10.05 320
58 Bitget Deposit file UNICORN 2021.10.18 317
57 Options Contract file UNICORN 2021.08.28 317
56 Did You Know That Dogecoin Is Listed On Coinbase Pro? file UNICORN 2021.06.02 316
55 [APR. 06] 3COMMAS Crypto Automated Trading Bot (+$236.19) [1] file UNICORN 2021.04.06 312
54 [APR. 26] 3COMMAS Crypto Automated Trading Bot (+$711.39) file 퀀트픽 2021.04.26 308
53 What is Cryptocurrency Contract trading (2)? file UNICORN 2021.08.06 303
52 Central banks of Switzerland and France Running a wholesale Cross-border Digital Currency Trial file UNICORN 2021.06.28 303
51 Binance Withdrawal methods and withdrawal fees. file UNICORN 2021.08.03 302