CrossTower announced the launch of Perpetual Futures Trading

By Joy Dumasia

CrossTower Inc., one of the world’s fastest and leading crypto and digital asset exchanges, announced the launch of perpetual futures trading, available on CrossTower’s Bermuda digital exchange. 

Perpetual futures are derivatives contracts that are not limited to a predetermined expiration date, unlike traditional futures contracts. The product provides an opportunity for CrossTower’s growing customer base to take long and/or short positions consistent with their portfolio and risk objectives.     

Available through the CrossTower Global Pro platform, perpetual futures trading is offered to qualified clients on an institutional-grade and regulated platform. In the coming weeks, CrossTower intends to rollout perpetual futures trading in 20 top name tokens. 

Kapil Rathi, Co-Founder & CEO of CrossTower, said: “Perpetual futures provides investors critical tools that can facilitate and shape their investment objectives. The advantages of perpetual futures trading are truly compelling for portfolio construction, and we are thrilled to be contributing to the maturation of the digital asset ecosystem. CrossTower is developing cutting edge trading products, and we are excited to be at the forefront of innovation.”

By expanding its suite of existing market-leading products with the addition of a perpetual futures trading capability, CrossTower is breaking down barriers to investors of all types, allowing them to reap the considerable benefits of crypto assets through a single institution-grade, reliable platform backed by advanced technology. CrossTower offers a low-cost trading model with superior execution based on its unrivalled capital markets expertise and track record. CrossTower posted record trading volume in Q4 2021, with volume growing over 600% from the year-ago period and more than 100% from the prior quarter. 

IBS Intelligence reported that Mphasis, an information technology (IT) solutions provider specialising in cloud and cognitive services, announced its partnership with CrossTower, one of the world’s leading crypto exchanges, to build a Center of Excellence (CoE) focused on Web 3.0 and a series of blockchain-based products that will be launched and traded on the CrossTower platform.