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Bitfinex launches perpetual contracts for Litecoin/Bitcoin and Polkadot/Bitcoin

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In a new addition to its perpetual contracts, Bitfinex made news today with the launch of its new contracts for cryptocurrencies paired with Bitcoin such as Litecoin/Bitcoin (LTCF0:BTCF0) and Polkadot/Bitcoin (DOTF0:BTCF0).

According to the Bitfinex website, transactions in the perpetual contract and funding payments will be settled exclusively using Bitcoin, as it is typically done due to the asset being the “settlement token.”

As of last week, the derivatives platform launched perpetual contracts for Stellar and Cardano that are settled in Tether (USDt). This announcement followed the launch of new contracts for IOTA, Chainlink, and Uniswap, in November 2020.

Addressing yet another addition to the list, Paolo Ardoino, CTO at Bitfinex said that the perpetual contracts are now available to trade on the exchange and that the Bitfinex team anticipates “great interest” from funds and professional investors in the new Litecoin/Bitcoin and Polkadot/Bitcoin perpetual contracts.

According to a release shared with AMBCrypto, Litecoin/Bitcoin and Polkadot/Bitcoin perpetual contracts went live on 10 February. 

The platform features several contracts for other cryptocurrencies, which include EOS, Litecoin, and Polkadot. Other than digital currencies, Bitfinex launched perpetual contracts for Silver, as well as for Tether Gold, the stablecoin pegged by gold. 

Other perpetual contracts paired with Bitcoin include Ether/Bitcoin, and a host of cryptos pairs with stablecoin Tether such as Bitcoin/Tether (BTCF0:USTF0) Litecoin/ Tether (LTC/USDt), Polkadot/Tether (DOT/USDt) among others. 

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Alisha is a full-time journalist at AMBCrypto. Her interests lie in blockchain technology, crypto-crimes, and market developments in Africa and the United States

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