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CrossTower Launches Cryptocurrency Perpetual Futures Trading Through Its Global Professional Platform

CrossTower Launches Cryptocurrency Perpetual Futures Trading Through Its Global Professional Platform
 
    Crypto exchange CrossTower announced the launch of perpetual contracts trading on Thursday (April 14, 2022). A statement from the company said this is now available on CrossTower’s Bermuda Digital Exchange.
 
    It further said that perpetual futures trading is offered to eligible clients on an institutional-grade and regulated platform through the CrossTower Global Pro platform. Over the next few weeks, CrossTower intends to launch perpetual futures trading on 20 of the top tokens.


 
    Perpetual contracts are derivatives contracts that, unlike traditional futures contracts, are not subject to a predetermined expiration date. The product provides an opportunity for CrossTower's client base to take long and/or short positions depending on their portfolio and risk objectives, the statement said.
 
    Also Read | How Indian Users Are Investing Indian Rupees Now in Crypto Kapil Rathi, co-founder and CEO of CrossTower, commented on the announcement: “Perpetual futures provide investors with an opportunity to facilitate and shape their investment objectives. A key tool. The advantages of perpetual futures trading are really attractive for portfolio building and we are excited to contribute to the maturation of the digital asset ecosystem. CrossTower is developing cutting edge trading products and we are excited to stand on the innovative side at the forefront.” The crypto futures market has been driven by retail and institutional demand over the past few years.

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