With USDT Perpetual contracts, all profits, losses and account balances will be denominated in USDT.
Johnny Lyu, CEO at KuCoin Global, said,
“By introducing the world’s first Lite Version of Bitcoin futures platform, supporting 10+ languages and now the launch of USDT Contracts, KuMEX is committed to building a simple, reliable and transparent futures platform. The USDT Perpetual Contracts will make it clearer and easier for new futures traders to make investment decisions using USDT, and mitigate the volatility brought by non-pegged tokens.”
The KuMEX’s BTC/USDT Spot Index is the volume-weighted average price of BTC/USDT across major crypto exchanges. These exchanges include Binance, OKEx, Huobi, and KuCoin.
Based on trading volumes, KuMEX will be rewarding users with a series of giveaways. Traders can share up to 400,000 USDT by trying out USDT Perpetual Contracts, notes the announcement.