Crypto exchange Coinstore launches futures credit feature

economictimes.indiatimes.com:

crypto exchange Coinstore.com has launched a futures credit feature which enables its users to increase their crypto holdings without using their funds. Investors who prefer to buy and hold digital assets for an extended period can leverage the future credit feature to further capitalise on market movements. Futures are commonly associated with commodity trading, however, it is also available for multiple forms of assets including the new age crypto tokens. The futures credit is a digital fund that loans rewards to Coinstore users to help users to understand its perpetual futures trading. The futures credit feature enables each eligible registered user to benefit from participating.

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To provide registered users with more opportunities for trading, the Singapore based exchange is offering a one to one futures credit for every USDT deposited. Users will be able to reap profit via this feature. “We are very excited to launch the Future Credit Feature for our users across the globe as it will boost the confidence of the crypto community and will provide much needed liquidity to the crypto ecosystem in the form of a digital fund, said Jennifer Lu, Cofounder at Coinstore. «Futures contracts were invented to reduce risk for producers, consumers, and investors,» she added. «However, it is advised to trade or invest in products that you are familiar with and understand the risks associated with them.» Futures credit provides opportunities for