Trade.xyz：JIO Related contracts have switched to external pricing and are live 10 x leverage trading
BIBIBI
AT A GLANCE
Trade.xyz stated that JIO related contracts have switched to external pricing and support up to 10 x leverage.
Article
Trade.xyz：JIO has been IPO pre-market perpetual to external pricing, with up to 10 x leverage
According to BlockBeats,October 28, decentralized perpetual trading platform Trade.xyz stated in a post that JIO related contracts have switched from the IPO pre-market perpetual market to external pricing and are now officially live, supporting up to 10 x leverage and round-the-clock trading.
It had previously launched a JIO pre-market perpetual market for IPO, with India-based telecommunications provider Reliance Jio Infocomm Limited as the underlying asset.
Original link https://m.theblockbeats.info/flash/374100
Key points
01
According to BlockBeats, Trade.xyz stated on October 28 that JIO related contracts have switched from the IPO pre-market perpetual market to external pricing.
02
The contract is now officially live, supporting up to 10 x leverage and round-the-clock trading.
03
Trade.xyz had previously launched JIO a IPO pre-market perpetual market, with India-based telecommunications provider Reliance Jio Infocomm Limited as the underlying asset.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that the contract no longer uses the pricing method of the IPO pre-market perpetual market, but instead uses external pricing; users can trade around the clock with up to 10 x leverage.
Why it matters to readers
Changes to the product's pricing method, trading hours, and maximum leverage may affect trading practices and risk exposure.
Leverage amplifies gains and losses; 10 x leverage means that even small price movements may result in substantial gains or losses.
Risks and unknowns
The evidence does not specify the source of the external pricing, index rules, or liquidity data.
The evidence comes from BlockBeats' report on a Trade.xyz post and does not provide the original Trade.xyz post or independent verification materials.
The evidence does not specify the contract's trading volume, funding rate, open interest, or price volatility.
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Related concepts
Perpetual Contract
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
