CoinEx.com introduces USDT Credit Default Swap Contract, in case you want to hedge against a collapse in USD Tether. - Cryptocurrency Reporters - A Light To Cryptocurrency World

Wednesday, 4 April 2018

CoinEx.com introduces USDT Credit Default Swap Contract, in case you want to hedge against a collapse in USD Tether.


When you spend 1 BTC to create a USC 0430 contract, you’ll get 1 USCA contract and 1 USCB contract at the same time both of which can be traded in BTC market. Or you can convert back to 1 BTC with 1 USCA contract and 1 USCB contract. When the contract is due and delivered at 24:00 April 30th 2018 (UTC), against the USDT/USD price e.g. 0.95, a USCA holder will get 0.95 BTC from a USC 0430 contract and USCB holder gets the rest.If you believe there’s a default risk, you can choose to buy USCB contracts. When a default happens leading to a drop of USDT/USD price e.g. to USDT/USD=0.4, a USCB contract will get 1-USDT/USD=0.6 BTC.If you don’t believe there’s a default risk, you can choose to hold USCA contracts and sell USCB contracts. If no default happens, meaning USDT/USD=1, each USCA contract will bring you 1 BTC and the amount you get from selling USCB is the extra profit.https://ift.tt/2q4eaDj those who want to hedge against a potential collapse in USD Tether. via /r/CryptoCurrency https://ift.tt/2GUAZDQ When you spend 1 BTC to create a USC 0430 contract, you’ll get 1 USCA contract and 1 USCB contract at the same time both of which can be traded in BTC market. Or you can convert back to 1 BTC with 1 USCA contract and 1 USCB contract. When the contract is due and delivered at 24:00 April 30th 2018 (UTC), against the USDT/USD price e.g. 0.95, a USCA holder will get 0.95 BTC from a USC 0430 contract and USCB holder gets the rest.If you believe there’s a default risk, you can choose to buy USCB contracts. When a default happens leading to a drop of USDT/USD price e.g. to USDT/USD=0.4, a USCB contract will get 1-USDT/USD=0.6 BTC.If you don’t believe there’s a default risk, you can choose to hold USCA contracts and sell USCB contracts. If no default happens, meaning USDT/USD=1, each USCA contract will bring you 1 BTC and the amount you get from selling USCB is the extra profit.https://ift.tt/2q4eaDj those who want to hedge against a potential collapse in USD Tether.
  • When you spend 1 BTC to create a USC 0430 contract, you’ll get 1 USCA contract and 1 USCB contract at the same time both of which can be traded in BTC market. Or you can convert back to 1 BTC with 1 USCA contract and 1 USCB contract. When the contract is due and delivered at 24:00 April 30th 2018 (UTC), against the USDT/USD price e.g. 0.95, a USCA holder will get 0.95 BTC from a USC 0430 contract and USCB holder gets the rest.

  • If you believe there’s a default risk, you can choose to buy USCB contracts. When a default happens leading to a drop of USDT/USD price e.g. to USDT/USD=0.4, a USCB contract will get 1-USDT/USD=0.6 BTC.

  • If you don’t believe there’s a default risk, you can choose to hold USCA contracts and sell USCB contracts. If no default happens, meaning USDT/USD=1, each USCA contract will bring you 1 BTC and the amount you get from selling USCB is the extra profit.

  • https://www.coinex.com/cds

For those who want to hedge against a potential collapse in USD Tether.

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