Dear Toobiters,
We are excited to announce the launch of our new USDC Perpetual Contract, starting with two flagship pairs:
🔥 BTCUSDC Perpetual Contract
🔥 ETHUSDC Perpetual Contract
【App needs to be updated the latest version】
Key Features:
1️⃣ Stablecoin Settlement
All contracts are settled in USDC, providing price stability and eliminating volatility risks associated with other collateral assets.
2️⃣ Enhanced Capital Efficiency
Trade with up to 175x leverage* while maintaining transparent PnL calculations in real-time.
3️⃣ 24/7 Trading
Seamlessly trade crypto derivatives around the clock with institutional-grade matching engines.
📍 Key Specifications:
| USDC Perpetual Contract | BTCUSDC | ETHUSDC |
| Underlying Asset | BTC | ETH |
| Settlement Asset | UCDC | USDC |
| Tick Size | 0.1 | 0.01 |
| Funding Fee Settlement Frequency | every 8 hours | every 8 hours |
| Maximum Leverage | 175x | 125x |
🚀 How to Start Trading:
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Transfer USDC to your derivatives account
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Navigate to [USDC Contracts] section
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Select desired leverage
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Execute long/short positions
FAQ
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What is the difference between USDT-M Perpetual Contract and USDC-M Perpetual Contract?
USDT-M Perpetual contract is settled using USDT as margin, while USDC-M Perpetual contract is settled using USDC as margin.
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Which pairs that the USDC Perpetual Contract support？
We support BTC and ETH perpetual contracts now, we will support more pairs based on the market.
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How much is the trading fee for USDC-M Perpetual Contract?
Maker：0.02%，Taker：0.06%
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How much is the funding rate for USDC-M Perpetual Contract?
Just like USDT-M Perpetual contract, fees are typically settled between the long position holders and short position holders every 8 hours. If the funding rate is positive, long position holders shall pay funding fees to short position holders, and vice versa.
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Can Trial Funds and Bonuses be used in USDC-M Perpetual Contract?
No, it's not supported.
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The CopyTrading also supports USDC-M Perpetual Contract？
No, it's not supported.
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Does USDC perpetual contract support demo trading and Lite ?
No, it's not supported.
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Does USDC-M Perpetual Futures trading volume count towards the VIP system?
Yes, the trading volume contributes to your VIP level. Different VIP levels enjoy varying fee discounts. For more details, please refer to the VIP fee page.
⚠️ Risk Reminder:
Cryptocurrency derivatives trading involves significant risk. Please exercise proper risk management strategies including stop-loss orders and position sizing. Trade responsibly.
For assistance, contact our 24/7 support team or send mail to support@toobit.com
Find us:
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Reddit: https://www.reddit.com/r/toobit/
Facebook: https://www.facebook.com/toobitofficial
Medium: https://medium.com/toobit-exchange
Toobit reserves the right to modify or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: The prices of digital assets may fluctuate significantly. The value of your investment may increase or decrease, and you may even lose the entire amount invested. You are solely responsible for your investment decisions, and Toobit is not liable for any losses that may occur due to the use of margin trading. This information should not be considered financial or investment advice. Please refer to our Terms of Use and Risk Disclosure for more details.