Announcement on the Official Listing of Regular Contract

Dear 58COIN Users,

Regular Contract was listed on 58COIN at 02:00 on Jan. 23 (GMT +8). As a regular delivered digital currency contract, the regular contract uses digital currency as the underlying asset and uses USDT as the dominating and settlement currency, and the price of which is formed by the market price mechanism. Instead of using the index, it uses the last price to calculate the profit and loss. Besides, BTC, EOS, ETH, LTC, XRP, ETC, TRX were also launched.   

A Regular Contract is currently a six-month contract. The settlement occurs every seven days at 17:58 on every Friday and the settlement time is 17:58 on July 26, 2019 – the last Friday after half a year.

Compared with traditional delivery, the Regular Contract has the following 6 unique designs:

1. Support long, short, andtwo-sidepositions;
2. Use USDT as the underlying, dominating and settlement currency;
3. One risk level calculation for all positions;
4. Unrealized profit can be used to open positions;
5. Trade multi-currency contracts in USDT;
6. Support max100x leverage.

Featured by No Manipulation, Ultra-High Fund Utilization, Easy Operation, No Need to Change Coins and Asset Value Preservation, the Regular Contract uses the same fee standard with Swap – both Maker and Taker fee is 0.015%.

Up to now, 58COIN has launched Digital Contract (Swap), USDT Contract, and Regular Contract, we sincerely invite you to experience!

By adhering to the operating principle of “Customer First, Safety, Strength and Trust”, 58COIN platform devotes to creating a safe, transparent and reliable digital asset service environment for investors.  

58COIN Exchange

Jan. 22, 2019