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10/23/2020, 12:02 PM (Source: TeleTrader)
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BitMEX to add DeFi token YFI to its quanto futures contracts

Derivative trading platform BitMEX announced on Friday that it is boosting its altcoin offering. The company stated it is launching three new Altcoin/USDT (dollar-linked Tether) underlying Quanto futures contracts.

Quanto Futures and Options are cash-settled derivatives in which the underlying traded product is denominated in a foreign currency that is settled in another domestic currency at a fixed exchange rate.

According to the official announcement, trading will begin on 30 October at 04:00 am ET.

Breaking the News / TF