ONX BIT Expands Derivatives Suite with METAUSDT, NVDAUSDT and GOOGLUSDT Stock Index Perpetuals

ONX BIT launches METAUSDT, NVDAUSDT & GOOGLUSDT Stock Index Perpetual Contracts, enabling 24/7 leveraged trading of major tech stocks via USDT-settled synthetic derivatives.

Crypto Derivatives Expansion Update

ONX BIT (by OnX Wallet), a leading cryptocurrency trading platform, is pleased to announce the launch of Stock Index Perpetual Contracts for METAUSDT, NVDAUSDT, and GOOGLUSDT, providing traders with new opportunities to engage with major tech stock indices through a highly liquid and continuously accessible market.

These innovative contracts are designed to track the real-time price movements of Meta Platforms, Inc., NVIDIA Corporation, and Alphabet Inc., offering traders the ability to leverage their positions up to 10x. The contracts are settled in USDT and maintain a capped funding rate to ensure fair trading conditions, with funding fees settled every eight hours.

Tech Index Perpetual Expansion

“By introducing these Stock Index Perpetual Contracts, we aim to bridge the gap between traditional equities and cryptocurrency markets, allowing our users to participate in tech stock movements without owning the underlying shares,” said the ONX BIT team. “These contracts are accessible 24/7, giving traders flexibility and immediate access to global market trends.”

ONX BIT emphasizes that these products are synthetic derivatives, and no actual shares are delivered. Access may be restricted depending on local regulations, and futures trading carries substantial risk. Users are encouraged to evaluate their risk tolerance and trade responsibly.

Risk And Trading Awareness

This latest addition reinforces ONX BIT’s commitment to offering innovative, secure, and user-friendly trading solutions, bringing global market exposure directly to cryptocurrency traders.

About ONX BIT (by OnX Wallet)

ONX BIT, powered by OnX Wallet, is a platform providing cryptocurrency trading, derivatives, and DeFi services. Focused on innovation and user experience, ONX BIT delivers safe, reliable, and flexible access to digital financial markets.

Frequently Asked Questions (FAQs)

1. What are METAUSDT, NVDAUSDT, and GOOGLUSDT contracts on ONX BIT?

ONX BIT offers METAUSDT, NVDAUSDT, and GOOGLUSDT as synthetic stock index perpetual contracts. In addition, these contracts track the price movements of Meta Platforms, NVIDIA, and Alphabet Inc. Therefore, users can follow price changes without owning real shares.

2. What is a stock index perpetual contract?

A stock index perpetual contract is a type of derivative. It tracks the price of an underlying asset. In addition, it has no expiry date. Traders open positions based on price movement, and a funding system keeps it aligned with market prices.

3. Are these contracts backed by real stocks?

No, these contracts are not backed by real stocks. Instead, they are synthetic derivatives. Therefore, they do not give ownership of shares. In addition, they only follow price movements of the companies.

4. How are these contracts settled on ONX BIT?

ONX BIT settles all contracts in Tether (USDT). As a result, traders calculate profits and losses in USDT. Therefore, users do not receive actual stocks or other assets.

5. What is leverage in these contracts?

Leverage lets traders control larger positions with smaller capital. For example, ONX BIT offers up to 10x leverage. As a result, traders can earn higher profits. However, they also face higher risks if the market moves against them.

6. How does funding work in perpetual contracts?

Perpetual contracts use a funding rate system. This system keeps contract prices close to the real market price. In addition, ONX BIT exchanges funding fees at regular intervals, such as every eight hours. However, rates may change based on market conditions.

7. Can these contracts be traded at any time?

Yes, users can trade these contracts 24/7. Therefore, they can respond to global market changes at any time. In contrast, traditional stock markets have fixed trading hours.

8. Are there risks involved in trading these derivatives?

Yes, trading these derivatives carries high risk. In particular, leverage and market volatility can increase losses. Therefore, traders must carefully manage their risk before trading.

9. Are these products available in all regions?

Availability depends on the region. In addition, local regulations may restrict access. Therefore, users must follow their local laws before trading these contracts.

10. What is the purpose of offering stock-based crypto derivatives?

These products give users exposure to stock price movements in a crypto format. In addition, they allow trading without traditional brokerage accounts. Therefore, users can access global markets more easily.

Company Details

Organization: ONXBIT LTD

Contact Person: Sofia Keller

Website: https://onxbit.com/

Email: Send Email

Contact Number: +447418355921

Country: United Kingdom

Release Id: 25042644335