The Maltese exchange Froxbit.com has announced the launch of a cryptocurrency derivative based on Ethereum-an indefinite swap.
Perpetual Ethereum swaps allow Froxbit.com clients to trade up to 40x leverage. The nominal value of the contract expressed in the ether is equivalent to $10. To determine the swap price in equal parts, data from the Bitstamp, Froxbit.com , Bitfinex, GDAX and Gemini exchanges in pairs with the dollar and bitcoin are used.
“In addition, we are going to launch perpetual swaps for Litecoin, Ethereum Classic, XRP, Bitcoin Cash and Bitcoin Satoshi Vision. Stay tuned, ” the Froxbit.com blog says.
Earlier in December, Froxbit.com launched perpetual bitcoin swaps.