BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin

BTSE has become the first crypto exchange to offer perpetual futures trading for the world's newest stablecoin, US Decentralized (USDD).

According to a press release, BTSE’s offerings in its Futures feature, including perpetual futures for USDD, may appeal more to experienced traders. 

However, for less advanced users, BTSE provides a collection of resources and learning materials — the BTSE Testnet, tutorials, and a support centre — to introduce the mechanics behind futures. The materials can help users understand the risks and rewards involved in BTSE’s future products and provide traders with a way to backtest strategies or formulate plans to profit from market volatility.

“By including USDD perpetual into our (BTSE) futures offerings, while providing a repository of educational content to demonstrate how futures trading and other types of investments can be part of a balanced portfolio, we are adding ways for long-term crypto investors to create new trading strategies that meet their own needs,” said Henry Liu, Chief Executive Officer of BTSE.

Perpetual futures can introduce hedging and risk management into a portfolio, improving its resilience during high volatility in market conditions.

They also provide short exposure by allowing traders to bet against an asset’s performance, enabling the possibility to reap profits during a downturn.

According to CoinGecko, BTSE has been a consistent leader in derivatives trading. BTSE claims that it generates more than US$1.5 billion in daily transaction volume on BTC and ETH futures on the exchange.

Furthermore, BTSE's low trading fees give users the flexibility to settle futures with their choice of supported crypto or fiat currencies, such as BTC, USDT, or US dollars.

USDD is an algorithmic stablecoin on the TRON, BNB Chain, and Ethereum networks, which entered circulation on May 5, 2022, which is the first overcollateralized decentralized and youngest stablecoin in existence, pegged at roughly 1:1 to the US dollar.