Singapore-based cryptocurrency derivatives exchange TeranoTrade has added bracket orders and launched a competition for users with a prize of 1 BTC. Representatives of Teranotrade told ForkLog about this.
The TeranoTrade crypto exchange was created by the ex-developers of the American investment bank Morgan Stanley in May 2020. Jack Tao, former Vice President of Morgan Stanley, is CEO of the exchange.
TeranoTrade offers traders to trade perpetual contracts with up to 100x leverage. At the moment, contracts based on BTC, ETH, XRP, LINK, XTZ and LTC are available on the exchange, as well as the GOLD / USD contract. In the near future TeranoTrade will add contracts for seven more cryptocurrencies: COMP, LEND, DOT, ADA, BCH, ALGO, YFI.
In addition, spot trading is available to TeranoTrade users, for which traders pay 0, 1% of the transaction amount. Premium traders trade on the spot market commission-free. A month of TeranoTrade premium membership costs $ 500, a year – $ 2000.
“We strive to offer cryptocurrency traders the best tools in the traditional stock market. One of these tools is bracket orders. They allow you to automate trading and make a profit regardless of the movement of the crypto market “, – said CEO of TeranoTrade Jack Tao.
The competition will last until September 30. A random user will receive the prize. TeranoTrade will credit 1 BTC as a trading bonus.