Bitfinex Derivatives lists perpetual swaps for ApeCoin (APE) and Gala (GALA)
Bitfinex Derivatives, a derivatives platform accessible through crypto exchange Bitfinex, today announced the launch of perpetual swap contracts for ApeCoin (APE) and Gala (GALA). Settled in Tether tokens (USDt), with up...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitfinex Derivatives, a derivatives platform accessible through crypto exchange Bitfinex, today announced the launch of perpetual swap contracts for ApeCoin (APE) and Gala (GALA).
Settled in Tether tokens (USDt), with up to 100x leverage, APE and GALA perps are now live.
“We’re delighted to announce the addition of ApeCoin and Gala to the growing portfolio of perpetual swaps available to trade on the exchange. We anticipate great interest in these products, particularly among funds and professional investors for hedging purposes and to manage risk.”
– Paolo Ardoino, CTO at Bitfinex Derivatives
- GALA is the native token of Gala Games, a blockchain-based gaming platform.
- APE is an ERC-20 governance and utility token used within the APE ecosystem, a web3 culture platform focused on art, gaming, entertainment, and events.
The post Bitfinex Derivatives lists perpetual swaps for ApeCoin (APE) and Gala (GALA) appeared first on CryptoNinjas.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoNinjasRelated market context
XRP Whales Dominate Exchange Outflows as Bitcoin Shorts Rise on Hyperliquid
The contrasting flows highlight a market where some large investors are moving XRP away from exchanges even as leveraged traders p...
StablecoinX shares go tokenized on Binance’s bStocks platform
Tokenized trading on bStocks enhances market accessibility but raises concerns about price alignment and interconnected financial...
Hyperliquid to add options to platform, enhancing derivatives offerings
Hyperliquid's expansion into options could significantly enhance its market position, driving user engagement and potentially boos...
OKX Eyes 63 U.S. Stocks in Major Tokenized Trading Expansion
Key Takeaways: OKXICE informed the SEC about its plan to establish an online platform called “Tokenized Securities Venue” that wou...
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disn...
Cardano’s Programmable Token Standard Goes Live With Built-In KYC and Freeze Controls
The Cardano Foundation announced on Wednesday at TOKEN2049 that CIP-0113, Cardano’s programmable token standard, is live on Cardan...