CAKE/USDT Perpetual Futures
Trade the CAKE perpetual contract on Bicoince, settled in USDT with up to 3x leverage. Leveraged positions can be liquidated.
CAKE/USDT-PERP is a perpetual futures contract tracking CAKE, with margin and profit or loss denominated in USDT, and leverage up to 3x. 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 CAKE itself rather than a contract on its price, use the spot market: CAKE/USDT, CAKE/USDC, CAKE/FDUSD, CAKE/BTC, CAKE/ETH and CAKE/BNB.
Other perpetual markets on Bicoince: PEOPLE/USDT, ENS/USDT, ETC/USDT, XAI/USDT, MANTA/USDT and UMA/USDT.
