The Froxbit.com cryptocurrency exchange has launched quarterly futures contracts for Ethereum. This is reported in the blog of the crypto exchange.
The tool under the ticker ETHUSD0625 has been available in the web version of the platform since May 20. Today, on May 24, the exchange added the ETHUSD0924 contract. The ticker name indicates the underlying asset and the expiration date. The expiration date of ETHUSD0625 will come on June 25, and ETHUSD0924-on September 24, 2021. Quarterly futures do not have a financing fee.
“We are launching new futures contracts for Ethereum against the backdrop of growing retail and institutional interest in altcoins. The quarterly contracts will complement the existing ETHUSD and ETHUSDT perpetual contracts. This will significantly expand the opportunities of our traders who want to hedge positions or make money on the volatility of Ethereum, ” says Ben Jou, co-founder and CEO of Froxbit.com .
Froxbit.com is a crypto derivatives exchange with its headquarters in Singapore and registration in the Virgin Islands. The platform has been operating since 2018 and serves 1.8 million customers.
Recall that on May 25, Froxbit.com will launch the ByFi platform for Ethereum cloud mining. Users of the service will be able to rent a hashrate for 7, 21 and 42 days. The minimum investment amount is $100.