USDT-settled futures contracts are gaining popularity — Here’s why
Cointelegraph
Published Feb 14, 2021 06:00PM ET
Updated Feb 15, 2021 08:00PM ET
When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to a broader audience of investors.
BitMEX contracts did not involve fiat or stablecoins and even though the reference price was calculated in the U.S. dollar, all profits and losses were paid in BTC.
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Written By: Cointelegraph
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