Interdax is pleased to announce our second continuously settled perpetual contract: ETH-PERP.
ETH-PERP is now available to trade on Interdax with up to 50x leverage.
What is Ether (ETH)?
ETH is the native asset of the second largest blockchain network by market capitalisation, which fuels activity on the Ethereum blockchain. In recent months, the rapid growth of Decentralised Finance (DeFi) has positively impacted the Ethereum ecosystem, the price of ETH and general interest in cryptocurrencies.
Trading ETH-PERP on Interdax
Interdax’s ether perpetual contract is margined and settled in ETH, which is more straightforward than a quanto-derivative, which introduces complexity since PnL calculations are dependent on both the price of ETH as well as the price of BTC. The contract specs for ETH-PERP can be found here.
The fee structure for ETH-PERP is the same as for BTC-PERP: maker fees are 0.00% while taker fees are 0.05%.
To trade the ETH-PERP contract you will need to deposit ether. Select ETH-PERP from the instrument panel and then click on the ‘Deposit’ on the top right-hand side (shown below):
Once you’ve selected ETH-PERP, the ETH balance will be displayed by the account panel on the top right-hand side.
After clicking on ‘Deposit’, your ETH address and deposit history will be shown. When sending ETH to Interdax, you’ll be able to trade the ETH-PERP contract with up to 50x leverage once the transaction has 12 confirmations from Ethereum miners.
For now, withdrawals for ETH are free. Fees will be added for withdrawals in the coming weeks.
More Trading Instruments to be Released Soon
Perpetuals for more crypto-assets will be added over the coming weeks as we work on implementing USDT deposits and withdrawals.
Follow us across our social media channels shown below to get updates on new trading instruments and more.
- Twitter: https://twitter.com/interdax
- Telegram: https://t.me/interdax
- Medium: https://medium.com/interdax
- Facebook: https://www.facebook.com/Interdax-162775787765337/?ref=bookmarks