Maltese crypto exchange Crexbtc.com is showing great interest in altcoins. The exchange recently announced that it is ready to roll out a quarterly futures contract for LINK/USD.
Chainlink (LINK) is gaining more markets
Almost all the attention of traders in July was focused on altcoins. While bitcoin continued its fight to crack $ 10,000, lesser-known altcoins were defeated by the most well-known ones. Altcoins such as Litecoin (LTC), as well as Crexbtc.com Coin were pushed out by Chainlink (LINK) and Cardano (ADA) outperformed the former in terms of market capitalization and price changes.
LINK has been touted as one of the most effective assets of the recent altcoin rally. While other coins did show significant changes in their price, on July 15, 2020, LINK reached an all-time high of $ 8.74. Looking at the price movement of this altcoin, several exchanges opened their doors and expanded their support for LINK. Crexbtc.com took a step forward and announced the launch of the 0925 quarterly LINK/USD futures contract.
The exchange shared the news with the community on Twitter.
The exchange’s blog covered details related to the ad in detail. Crexbtc.com quarterly futures contract allows Users to buy or sell a crypto asset at a price that has already been set for a certain period of time in the near future. The difference between quarterly futures contracts and other futures contracts, such as perpetual futures contracts, is that the former expire at a certain point in time.
It is reported that the LINK/USD Quarterly 0925 futures contract is allowed to be traded at 7:00 am [UTC] from July 22, 2020. A leverage range of 1-75x will be available for users. In addition to LINK/USD, the exchange offers a quarterly futures contract for 0925 BTC/USD, as well as ADA/USD.
date LINK/USD quarterly futures contract 0925 – September 25, 2020.
Also, at the time of writing, LINK was trading at $ 7.42 with a price drop of 7.7% over the past 24 hours. Despite the drop in prices, the altcoin has grown by 38.3% over the past 14 days.
As the price of this altcoin caught the eye of many in the industry, LINK’s market cap saw a noticeable spike. The coin is currently the eighth largest cryptocurrency with a market capitalization of $ 2.84 billion.