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#Coin On Launches JOE Perpetual Contract: Everything You Need To Know

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According to the official announcement, Coin On will launch the 1-20 times JOE perpetual contract at 20:00 Beijing time on March 29. The multi asset model allow

#Coin On Launches JOE Perpetual Contract: Everything You Need To Know

According to the official announcement, Coin On will launch the 1-20 times JOE perpetual contract at 20:00 Beijing time on March 29. The multi asset model allows users to trade JOE USDT perpetual contracts between multiple margin assets, subject to applicable discount rates.

Coin On will go online on March 29th with a 1-20 times JOE perpetual contract

Are you wondering what JOE perpetual contracts are all about and why Coin On’s announcement has created such a buzz in the trading world? Then keep reading.
In this article, we will dive deep into the exciting world of perpetual contracts and explore what Coin On has in store for its users. From understanding what JOE perpetual contracts entail to how multi-asset trading works, we have got you covered.
##Understanding JOE Perpetual Contracts
A perpetual contract is a type of futures contract that allows traders to speculate on the price movement of an asset without an expiry date. Perpetual contracts have no fixed settlement date, making them different from traditional futures contracts. Instead, perpetual contracts use a funding mechanism to ensure that the contract price mirrors the spot price of the underlying asset.
Coin On’s new JOE perpetual contracts allow traders to trade JOE USDT perpetual contracts between multiple margin assets. JOE is an ERC-20 token designed as a governance token for the DeFi protocol called C.R.E.A.M. Finance.
##Multi-Asset Trading with Coin On
As mentioned, Coin On allows multi-asset trading for JOE perpetual contracts, but what does that really mean? Multi-asset trading enables traders to trade using different margin assets. For example, if you have BTC and ETH in your Coin On account, you can use both to trade JOE perpetual contracts, subject to applicable discount rates.
You can trade with up to 20 times leverage for JOE perpetual contracts. It means that for every $1 worth of JOE you hold, you can trade with $20 worth of margin assets. This feature proves profitable for traders, but caution is necessary as it also increases the risk of losing a lot more if the market turns against them.
##Why Coin On’s JOE Perpetual Contracts are Exciting
Coin On introduces JOE perpetual contracts as a way to leverage the booming DeFi sector. Crypto traders on the platform can expect more volatility and large swings, making it an exciting market for those who are into trading cryptocurrencies. Moreover, perpetual contracts are available 24/7 on the Coin On platform, allowing traders to enter and exit trades whenever they want, providing ample opportunities for profit.
Coin On also provides fantastic security features, ensuring that your digital assets are always safe. The platform incorporates advanced security algorithms, two-factor authentication, and SSL encryption to keep hackers at bay.
##Conclusion
Coin On’s launch of JOE perpetual contracts has created huge excitement in the crypto trading world. The multi-asset model allows traders to use multiple margin assets to trade, improving their chances of earning more profits. As always, caution is necessary when trading cryptocurrencies, considering the risk of losing a lot more when volatility strikes.
##FAQ
1. What is a perpetual contract?
A perpetual contract is a type of futures contract that does not have an expiry date. It is different from traditional futures contracts that have a fixed settlement date.
2. What is the purpose of JOE perpetual contracts?
JOE perpetual contracts were introduced by Coin On to leverage the growing DeFi sector. It provides an exciting market for traders, with perpetual contracts available 24/7.
3. Is multi-asset trading a good option for beginners?
Multi-asset trading can be profitable, but it also increases the risk of losing more money. It is crucial for beginners to learn the ropes before venturing into multi-asset trading.
##Keywords
Coin On, JOE perpetual contracts, multi-asset trading, DeFi, futures contract, cryptocurrencies, margin assets.

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