South Korea ETF (EWY) Perpetual, USDC-Settled
A cash-settled perpetual contract tracking South Korea ETF, a ETF, settled in USDC with up to 20x leverage. You hold a derivative, not the underlying asset.
EWY/USDC-PERP is a cash-settled perpetual contract tracking South Korea ETF, a ETF. You hold a derivative, not the underlying ETF — there is no ownership and nothing is delivered. Margin and profit or loss are denominated in USDC, with leverage up to 20x, and the contract never expires.
The same instrument is also listed settled in USDT (up to 20x).
Other ETFs listed as perpetual contracts: EWZ, EWT, SMH, XLE, URNM and MAGS.
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