Dear BCEX users:
In order to provide more high quality digital asset trading product, we have made strategic investment into BFX.NU digital asset futures Trading Platform (abbreviation: BFX) and added it to "Futures" section of BCEX.Launching Time:October 12,2018,14:00（UTC+8）
BFX has been developed and operated by BitFuture Group Ltd (Corporate seat: BVI, Corporation number: 1941935). BFX is a digital assets trading platform. BFX has since been focusing on establishing a better environment for the digital asset trading platform by providing the most professional futures trading services to its users, ensuring a fair, just and transparent process. BFX future contracts include mainstream digital asset contracts such as BTC, ETH, EOS, etc., hot platform coins FT, HT and other contracts, as well as popular innovative cryptocurrency contracts. In addition, BFX also includes a Futures trading simulation section where users who are interested can practice with no real-losses and receive potential great rewards.
"Futures" is defined to be any standardized products formulated by BFX and contains a number of supplementary terms and conditions that both the buyer and the seller need to have knowledge of. The seller and the buyer are required to pay a certain amount of margin deposits in USD to be able to participate.
BFX Futures has the following characteristics:
1. Supportive of perpetual contracts. If there are enough funds, the users can hold products in long term with no need to perform frequent futures delivery.
2. Supportive of all kinds of mainstream assets such as USDT, BTC, ETH, CK.USD, etc. to be transferred in and out.
3. Index-based liquidation mechanism to avoid manipulation. BFX created its mechanism of forcing liquidation triggered by a weighted index price. BFX is not impacted by one single marketplace and has its own set of index prices which are calculated by weighing the immediate major index prices throughout the world. BFX index price is guaranteed to be impartial.
4. No sharing for the trading losses or gains among users and the profits and losses are settled real time. In this way, it reduces the risks of trading users.
Any trading activities in blockchain is brand new and unstable. However, it is also a very prosperous industry. To be more specific, any trading activities associated with leverage are likely to make excessive profits but it also comes with danger. We hereby ask you to have obtained enough knowledge of leverage, futures and other concepts before you are ready to get started in here. In addition, we ask you to be very cautious and invest accordingly.
If you want to know more, please check out Rules and Regulations on the BFX official website and their Terms of service.
Due to the changing global policies, users in the United States, China,Singapore and other regions should consult their national lawyers before engaging in transactions in order to avoid unnecessary losses. BCEX reserves the right to suspend or terminate services to users who may violate the laws of the host country at any time.
Trading digital tokens will make you involved in huge risk, the price of them is unstable. You might face the issues like project team dissolve,price manipulation and etc. Please be aware of these risks and take your actions carefully, the risks were undertaking by yourself.
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