ALGO/USDT Perpetual Futures
Trade the ALGO perpetual contract on Bicoince, settled in USDT with up to 5x leverage. Leveraged positions can be liquidated.
ALGO/USDT-PERP is a perpetual futures contract tracking ALGO, with margin and profit or loss denominated in USDT, and leverage up to 5x. It has no expiry date, so a position can be held for as long as it stays margined, and it is held near the reference price by the funding rate rather than by settling on a date. A leveraged position can be liquidated if its margin runs out.
To buy ALGO itself rather than a contract on its price, use the spot market: ALGO/USDT, ALGO/USDC, ALGO/FDUSD, ALGO/BTC, ALGO/ETH and ALGO/BCX.
Other perpetual markets on Bicoince: HYPE/USDT, ME/USDT, MOVE/USDT, VIRTUAL/USDT, PENGU/USDT and FARTCOIN/USDT.
