WOO X aims to become the crypto trading platform where users can most efficiently utilize their assets to trade spot margin and perpetual futures. WOO X accounts are cross margined by design, that is the entire margin balance is shared across open positions and is subject to liquidation risks.
WOO X perpetual futures are settled in USDT and support up to 20x leverage. Please see the key features below:
| Characteristics | Explanation |
| Settlement | USDT (Cross Collateral: Eligible tokens can be used as collateral with a haircut, please visit Collateral ratio ) |
| Expiration | Perpetual (BTC-PERP) |
| Leverages | 1x, 2x, 3x, 4x, 5x, 10x, 15x, 20x |
| Fee | Trading fees and funding fees (Each hour). |
| Position Mode | One-Side Mode. Traders can not hold both long and short positions under one perpetual pair. |
Margin and futures trading confers higher profit potential than pure spot trading, but at greater risks. Please be aware that in the event of extreme price volatility there is a risk that your assets may be liquidated.
Note: WOO X reserves the right to adjust parameters such as minimum order size and minimum tick without prior announcement. Please check via API or visit the Futures trading rules limits for the latest details.