Where are the Poloniex contracts?

Poloniex offers two types of futures contracts: perpetual contracts with no expiration and quarterly contracts expiring every three months.

Nov 29, 2024 at 06:59 am

Where are the Poloniex Contracts?

Poloniex is a popular cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and futures trading. Futures contracts are a type of derivative that allows traders to speculate on the future price of an asset.

Poloniex offers a variety of futures contracts, including perpetual contracts and quarterly contracts. Perpetual contracts are contracts that do not have an expiration date, while quarterly contracts expire every three months.

To trade futures contracts on Poloniex, you will need to create a Poloniex account and deposit funds into your account. Once you have funded your account, you can begin trading futures contracts by following these steps:

1. Navigate to the "Futures" tab on the Poloniex website.
2. Select the futures contract that you want to trade.
3. Enter the number of contracts that you want to buy or sell.
4. Click the "Buy" or "Sell" button.

Your order will be placed on the Poloniex order book, and you will be matched with another trader who is willing to trade at your price. Once your order is filled, you will be able to view your position in the "Positions" tab.

What are the different types of Poloniex contracts?

Poloniex offers two types of futures contracts: perpetual contracts and quarterly contracts.

• Perpetual contracts are contracts that do not have an expiration date. This means that you can hold a perpetual contract for as long as you want, without having to worry about it expiring. Perpetual contracts are typically used for speculating on the future price of an asset.
• Quarterly contracts are contracts that expire every three months. This means that you must close out your position before the contract expires, or you will lose any profits that you have made. Quarterly contracts are typically used for hedging against price fluctuations.

What are the benefits of trading Poloniex contracts?

There are a number of benefits to trading Poloniex contracts, including:

• Leverage: Poloniex allows you to trade futures contracts with up to 100x leverage. This means that you can control a large amount of capital with a relatively small investment.
• Low fees: Poloniex has some of the lowest fees in the industry. This makes it a cost-effective way to trade futures contracts.
• Variety of contracts: Poloniex offers a variety of futures contracts, including perpetual contracts and quarterly contracts. This gives you the flexibility to trade the contracts that best suit your trading style.

What are the risks of trading Poloniex contracts?

There are also a number of risks associated with trading Poloniex contracts, including:

• Volatility: The cryptocurrency market is volatile, and the prices of futures contracts can fluctuate rapidly. This can lead to significant losses if you are not careful.
• Liquidation: If the price of a futures contract moves against you, you may be liquidated. This means that you will be forced to sell your position at a loss.
• Scams: There are a number of scams associated with trading Poloniex contracts. Be sure to do your research and only trade with reputable exchanges.