The Benefits of the Hydax Cryptocurrency Exchange’s Perpetual Contract Trading Model
Hydax is not your regular kind of cryptocurrency trading platform. The idea behind the launch was to provide cryptocurrency traders with many options. From the intuitiveness of the interface to the robustness of the trading platform, you can be confident of getting unparalleled cryptocurrency trading features. The platform doesn’t rest on the oars or on the achievements it has been able to make over the time it debuted. Instead, it continually releases newer features, which are patterned to enhance the traders’ experiences. We now have a new feature called the “Perpetual Contract Trading Model.”
As a cryptocurrency trader, you wouldn’t want to miss out on this enticing offer. Therefore, you need to have the tidbits of the features that come with it. One thing is sure, and that is the usage of the Perpetual Contract trading model to scale up trades faster than expected. There are many other features you would like about it. So, read on to see how they work.
The Asset Contract Trading Perspective
We’re already familiar with the impressive features that are part of the regular cryptocurrency exchanges. The introduction of the “Asset Trading” feature is part of the efforts to ensure the maximum compliance of traders. Now, the Perpetual Contract Trading Model of the Hydax cryptocurrency exchange tows the same process. The most significant feature there is that you can dictate how the transactions and trades would turn out. It wouldn’t be up to the platform and the miners to decide the speed and the fees accruable to every crypto transaction made via the Hydax cryptocurrency exchange. You would agree that it is an innovative approach to return power to the end-users.
Stability
The cryptocurrency market is currently in a bearish state. After the impressive all-time high of 2017, the market has been struggling to come out of the dominance of the bulls. Such is the case that the fortunes of many crypto coins were affected.
On the contrary, the Hydax cryptocurrency trading platform believes that something can be done to salvage the situation. That is the idea behind the introduction of the Perpetual Contract Trading Model. The model opted to use stable coins and crypto coins that can withstand the bearish market to some extent.
As is common in the crypto-sphere, the USD Tether (USDT) is one of the crypto coins that are stable. By bringing it into the mix, you can now be sure of beating the bearish market to some extent. Bitcoin (BTC) is also in the equation and that is both because of the long-standing reputation as the most used crypto coin, and the higher market value.
Non-Automated Delivery
As noted earlier, this might not be the best time to invest in the cryptocurrencies of your choice. The market is not only volatile but also prone to the monopoly of a few financially buoyant investors. So, investing at this time is a great risk you may have to give serious thoughts before deciding. On the other hand, there is the palpable uninformed buying that has become rampant in recent years. Investors sell-off and buy more crypto coins any time the market begins to show signs of depleting. You might not need to be part of those frantic sales.
Instead, you can rely on the Perpetual Contract Trading Model of the Hydax cryptocurrency exchange. With that, you can settle income in real-time. Haven beaten the immediacy of buying and selling without taking some time to monitor the direction of the market, you can also open and settle the transactions at any time. Moreover, the Perpetual Contract Trading Model ensures that there would be no automation of the due date for the delivery and completion of a transaction.
8-Hour Settlement
From Bitcoin (BTC) to other variations of crypto coins, it is the duty of the miners to facilitate the transactions, especially when they are hitched. They do that by confirming the transactions that have been stacked for a while. Worthy of mention is that the longer it takes to confirm and push the transactions, the higher the fees they accrue. You wouldn’t want to pay for more and wait for longer periods before your crypto transactions are confirmed.
That is why you need to have the Perpetual Contract Trading Model of the Hydax cryptocurrency exchange. With it, you can enjoy the record time 8-hour transaction settlement. It means that transactions can take between a minute and 8 hours to be confirmed. Aside from reducing the time used in confirming those transactions, you would also be saving some money. It is possible because the investors and transacting parties wouldn’t pay the rate fee if there were no positions held by the transactions at the time of settlement.
On the other hand, the 8-hour settlement ensures that the transacting parties would pay the flat fee/rate at every 8 hours. The recommended hours are 4:00, 12:00, and 20:00, which are patterned to be in line with the Singapore time.
Hedging Your Funds
When the bulls become dominant in the crypto market, you would be left with two options of selling your assets or hoping that the market stabilizes in the future. A good number of cryptocurrency traders and investors are in the former category. They engage in more panic buying and selling sessions.
You can beat all that when you begin to trade via the Perpetual Contract. With it, you can always make an informed decision on the likely movement of the market. One of the most significant features is the Virtual Contract, which helps in reducing the fluctuation of the crypto process.
You can also get to enjoy the additional hedging options, which are the long and short hedging options. In terms of the long hedging option, you can be able to buy the products and digital assets in the future. On the other hand, the short hedging option ensures that you have the tools for selling off your digital assets and products in the future.
Conclusion
The Perpetual Contract Trading Model of the Hydax cryptocurrency exchange is a welcome development. For the first time in a decade, we can now be able to trade without hassles on cryptocurrency exchanges. Hurry and sign up for a Hydax account to be part of this remarkable milestone.
For more detailed information, check the below links;
Hydax Official website: https://www.hydax.com
Hydax Exchange Group: https://t.me/HydaxExchange
Hydax Bounty Group: https://t.me/HydaxBounty
Twitter link: https://twitter.com/HydaxE
Bitcointalk bounty link: https://bitcointalk.org/index.php?topic=5197623.0
Author’s details
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