Dear Bitget users:
The following text is about Bitget Quanto Swap Contract Introduction
1. What is Quanto Swap Contract
Quanto Swap Contract is a new contract trading method launched by Bitget, which supports multiple currency as margin for multiple contract trading pairs, changing the traditional trading method that coin margined contract only apply to corresponding coins, allowing users to have more trading options, effectively increasing the funds utilization, and enjoy both trading interests and gains for price rise.
2. Quanto Swap Contract Information
1. Basic information
Perpetual Quanto Swap Contract is a kind of derivative with no expiration or settlement date. You can choose the currency supported by the platform as the margin and calculate the profit and loss according to the selected margin currency.
The spot price is anchored by means of funding rate swaps.
2. Support margin currency
Perpetual Quanto Swap Contract can use the currency supported by the platform as the contract margin, and the margin currency is used for profit and loss settlement.
For example: using ETH as a margin, you can trade BTCUSD, ETHUSD, EOSUSD, profit and loss will be settled in ETH. The perpetual Quanto Swap Contract avoids the cumbersome exchange process and saves the exchange cost, and at the same time can obtain the gains for price rise.
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