App Version
Futures Trading
Futures trading refers to an agreement between buyers and sellers to trade a specific asset at a predetermined price and quantity at a future date, aiming to generate profits. Futures trading is categorized into delivery futures trading and perpetual futures trading. Investors can go long by purchasing a futures contract to profit from an increase in digital asset prices or go short by selling a futures contract to benefit from a price decline.
Trading Setup
Fund Transfer:
Go to the 【Assets】 page and tap the Transfer button.
Select the desired cryptocurrency, transfer assets from the 【Spot Mainboard Account】 to 【USDT-M Futures】, enter the amount, and tap 【Confirm Transfer】.
If trading USDT-margined futures, transfer USDT.
If trading coin-margined futures, transfer the corresponding asset.
2. Example (BTC):
Open the app and tap 【Trade】 from the bottom navigation bar.
Select 【Futures】.
Tap the menu icon (three horizontal lines) at the top left, then choose the desired cryptocurrency and margin type.
Margin Types
- USDT-Margined Futures:
- Requires USDT as collateral.
- With USDT in your account, you can trade futures contracts for multiple cryptocurrencies.
- Profits and losses are settled in USDT.
- Cross Margin & Isolated Margin
- Cross Margin: The entire account balance is used as margin, allowing profits and losses to offset across positions.
- Isolated Margin: Each position has an independent margin, and risks and profits are calculated separately.
- Placing an Order
- Enter the order details and choose Long (Buy) or Short (Sell).
- Enter the order details and choose Long (Buy) or Short (Sell).
- Buy Long / Sell Short
- Buy Long: Purchase a contract at a favorable price, then sell later at a higher price to profit from the difference. This is similar to spot trading and follows a "buy first, sell later" approach.
- Sell Short: Sell a contract at a favorable price, then buy it back later at a lower price to profit from the difference. This follows a "sell first, buy later" strategy.
After opening a position, you can check your orders in the 【Positions】 tab.