A global cryptocurrency derivatives trading platform MCS (mycoinstory.com) has announced the launch of its TestNet on April 13. MCS, headquartered in Seychelles, is the next-generation cryptocurrency derivatives trading platform consists of finance and cryptocurrency experts.
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A perpetual contract, which has the highest trading volume in the cryptocurrency market, allows traders to capitalize on the rise and fall of asset prices. Therefore traders can profit even in the bear market while at the same time use leverage to control a larger amount of equity in the market.
MCS introduces an innovative ‘multi-position’ function, which allows traders to manage three positions in one account at once. This unique asset management function shares one order bookkeeping the liquidity of the multiple positions in one place providing a robust trading experience. The ‘multi-position’ function expands the horizon from having one or two positions to being able to manage a total of three different positions at the same time. With this function, traders can diversify their trading strategies through hedging and speculating with different leverage for each position.
The industry has demonstrated instabilities in the systems, especially in the marked price, a reference price of a derivative, which is used as the trigger for liquidation. Many exchanges in the market currently adopt the BTC/USD trading pair, however, since there are only a limited number of exchanges that handle the BTC/USD trading pair, the lack of liquidity and reference points lead to an increased likelihood of resulting in unnecessary liquidations from systematic errors. At MCS, BTC/USDT trading pair is used to protect traders from these kinds of circumstances.
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