On December 23, at the 2020 Non-Consensus Conference and the DeepChain Annual Impact Awards Ceremony, BiKi successfully overtook the derivatives track with a dark horse with its “unique” innovative contract system and professional trading service experience and won the “2020 “The Most Influential Derivatives Trading Service Platform of the Year” award.
Competition in the derivatives market is fierce, BiKi contracts emerge
Since the 3.12 incident, BTC’s hedging effect has been seriously questioned. The global epidemic has been bearish on the contract market. After being targeted by the market turbulence in the first half of the year, BTC was sold in large numbers by users, and the BTC halving in May did not seem to be reflected. With a more intuitive effect, even DeFi, which has spread throughout the entire crypto market, failed to stimulate the surge of BTC.
As an important part of the current trading platform and market investment, contracts have reached a peak of market saturation, and derivatives competition has also entered a fierce stage. The existing contract product system has been unable to satisfy the user’s trading enthusiasm and continues to be exposed. The platform contract mechanism is still a pain point that cannot be solved.
BiKi is precisely based on the market’s chaotic points and accurately cuts into it. It officially launched perpetual contracts in March 2020, and successively provided contract products including USDT contracts, currency-based contracts, and hybrid contracts. Relying on the consolidated underlying structure and spot trading foundation, it quickly grabbed the share of the futures market and emerged as a new force in the field of derivatives.
Up to now, the 24H transaction volume of BiKi contracts has reached a maximum of 3 billion U.S. dollars, of which USDT contract 24H transactions reached 1.8 billion U.S. dollars, and mixed contract 24H transactions reached 600 million U.S. dollars.
Three major products of BiKi contract
BiKi’s mature product system allows the short-lived “contract function” to be quickly integrated into actual trading, and can have a certain impact on the market trend of the platform. Although contracts are leveraged derivatives with high risks and high returns, they are also an important means for users to seize opportunities at any stage of the market.
A. USDT contract
The USDT contract is a forward contract and supports two-way holdings. Take the example of BTC/USDT in the BiKi perpetual contract. The subject of the contract is BTC, and the margin settlement unit used is also USDT, and the pricing unit is the same as the settlement currency.
The USDT contract is the component with the highest proportion of the total transaction volume of the BiKi contract. The average daily transaction volume in 24H can reach about 1.8 billion US dollars, and it supports most mainstream and popular currency transactions.
B. Currency-based contract
Currency-based contracts are reverse contracts. Take the example of BTC/USD in the BiKi perpetual contract. The subject of the contract is BTC, and the unit of valuation is USD, and the unit of settlement using margin is BTC, that is, whatever contract is opened for settlement.
C. Hybrid contract
The hybrid contract is a “contract product” of BiKi’s successful track overtaking, and it is also one of the few innovative contracts in the market.
Taking BiKi as an example, the hybrid contract can use a single currency to trade multiple contracts such as BTC, ETH, BCH, EOS, LTC, etc.; it is a new type of perpetual swap contract (perpetual swap) that allows users to The currency is used as all perpetual contract varieties on the margin leveraged trading platform.
Use any currency as all perpetual contract varieties on the margin trading platform, without currency exchange, easy to grasp the rhythm of market rotation, without additional currency exchange fees and exchange rate losses.
Users who trade in BiKi can hold popular assets (as long as they are supported by the exchange) as margin and trade all contract types. Example: For the BTCUSDT-BIKI trading pair, use BIKI as a margin to go long and short BTC, so that BIKI can earn BIKI.
Eliminating the currency exchange process greatly facilitates users, reduces currency exchange fees and opportunity costs, and avoids missing transaction opportunities due to currency exchange. Set up after billing
Stop-profit and stop-loss, bid farewell to staying up late to watch the market, advanced orders are the perfect tool to break the market.
The choice of 3 million users of BiKi contract?
A. SS level security mode
The huge trading volume and the growing number of users are inseparable from the platform’s technical support and security.
It has an ADL lightening mechanism in the processing mechanism of over-exposure to avoid trading risks to the greatest extent. In terms of transaction security, BiKi has the top risk control system, with bank SS+ level data encryption protection function, plus built-in DPI and early warning system, all-round and multi-dimensional protection of platform transaction security, avoiding any third party Data attack.
B. More contract options
BiKi is one of the few trading platforms in the market that provides mixed contracts, and it also has forward and reverse contract products, which can provide multiple choices in user trading experience. In addition, the platform itself has a large number of popular currencies, whether it is transaction depth or There is the greatest guarantee on the scale of assets.
C. Contract brokers can log in directly on the APP
“Contract broker” is BiKi’s elite plan to incentivize market users’ trading confidence. BiKi will provide brokers with report-level business background, invitation management system, automatic settlement support and other services. At present, the broker background has been fully upgraded, becoming The first exchange on the entire network that can log in directly on the APP side will be launched on the web side as soon as possible.
D. Capital efficiency is more efficient
In BiKi’s perpetual contract products, in addition to handling fees, no other capital costs are required. Maker and Taker only require 0.04%, 0.06%, and provide 1-125 times leverage. Support two-way positions, no need to circumvent the wall tools, and maintain a minimum margin rate of 0.4%.
The return and future of the BiKi contract
Looking at the entire Q3 derivatives market due to the popularity of DeFi, it is slightly deserted, but in fact the trading volume of derivatives is still growing. Derivatives trading volume in the 2020Q3 quarter increased by 25% compared to the previous quarter.
At present, the total market value of Bitcoin has exceeded 360 billion U.S. dollars, and the open positions of Bitcoin options and futures have soared to new highs. BTC broke through the 20,000 mark and reached a maximum of 25,000 U.S. dollars. The trend of the market is very clear, regardless of the rise or fall, it is extremely challenging and opportunity for the derivatives market.
(BTC real-time price is 23002.72$)
BiKi believes that compared to the top exchanges, the trading categories are becoming more and more complete, basically covering the mainstream assets of USDT contracts and currency-based contracts, the differentiation of competition is gradually decreasing, and even the user’s share is left. Although the exchange is highly reproducible, it is undoubtedly extremely risky to directly paste and edit contract products. In the future, direct competition may become more intense due to the reduction of product differentiation.
It’s no accident that BiKi has continuously improved its contract product system and integrated innovative contract gameplay for “10 months”. It is no accident that it can overtake on the track in a sufficiently good market trend and trading environment. In the future, the platform will incorporate more popular projects. , Launching different futures products to advance the development of infrastructure in the derivatives market.
