PROVIDENCE, Mahe, Seychelles, October 19 2022 – Bitfinex Derivatives*, a derivatives platform accessible through state-of-the-art digital token trading platform, Bitfinex, has announced the launch today of a perpetual futures contract on Aptos (APT).
The new perpetual contract – APTF0:USTF0 – will go live on the Bitfinex Derivatives platform today at 13:00 PM UTC.
“We’re delighted to announce the addition of Aptos perpetual swaps to the portfolio of derivatives available on Bitfinex Derivatives. We are always looking to widen the choice of product available for our customers,” said Paolo Ardoino, CTO at Bitfinex Derivatives. “Bitfinex Derivatives anticipates great interest in this product, as an important hedging tool for funds and professional investors.”
Aptos (APT), a new layer-1 blockchain promising increased scalability, reliability and speed over existing technologies, was launched by Aptos Labs earlier this week, attracting a flurry of attention among both traders and the wider crypto community. Providing up to 100x leverage and settled in Tether tokens (USDt), the Bitfinex Derivatives Aptos perpetual contract is the latest offering from the platform as it looks to provide traders, funds and investors with more options to hedge risk or take directional exposure on underlying assets.
Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.
All use of the derivatives platform is subject at all times to all of the Derivatives Terms of Service then in effect on the Bitfinex Derivatives platform. U.S. persons are not permitted to use Bitfinex Derivatives or any of its services.
*The derivatives platform is provided by iFinex Financial Technologies Limited. References to Bitfinex Derivatives in this press release are references to iFinex Financial Technologies Limited.
This press release is intended for journalists. It is not intended to be broadly disseminated.
This press release is not an offer to sell or the solicitation of an offer to purchase any financial products. iFinex Financial Technologies Limited will only allow access to its derivatives platform pursuant to its derivatives terms of service available (as at the date of this press release) at www.bitfinex.com/legal/derivative_terms.
The summary description of the perpetual contract for APTF0:USTF0 in this press release is provided for convenience purposes only. The perpetual contract for APTF0:USTF0 is more particularly described in the updated Derivative Product Descriptions found at https://www.bitfinex.com/legal/derivative_product. If there are any differences between the description in this press release and the Derivative Product Description, the Derivative Product Description will govern. Please read it carefully to ensure you understand the products available on the derivatives platform.
Any summary information regarding APTF0:USTF0 in this press release is provided for convenience purposes only and may not be relied upon. Please ensure you conduct your own research regarding APTF0:USTF0.
About Bitfinex Derivatives
Launched in September 2019, iFinex Financial Technologies Limited offers a derivatives platform that is accessible through Bitfinex, a digital token trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. Visit www.bitfinex.com to learn more.