Application scenarios of mainstream digital currency
Bitcoin - "digital gold" of value store: Bitcoin is widely regarded as "digital gold" due to its fixed total volume and decentralization, and has the function of value store. Many investors use Bitcoin as a long-term investment asset to combat inflation and economic uncertainty.
Ethereum - Smart Contracts and DeFi Platform: Ethereum is a platform that supports smart contracts on which developers can build various decentralized finance (DeFi) applications. For example, DeFi projects such as MakerDAO have implemented functions such as lending and stablecoin issuance based on Ethereum's smart contracts.
Stablecoins - Payment and Settlement: Stablecoins such as USDT and USDC have their value pegged to fiat currencies and their prices are relatively stable. They have wide applications in the fields of payment and settlement, and can quickly and conveniently complete cross-border transactions and reduce transaction costs.

Definition and underlying logic of derivatives
The essence of derivatives: Derivatives are contracts designed based on the price fluctuations of the underlying asset, and their value depends on the price changes of the underlying asset. For example, digital currency derivatives, the target assets can be Bitcoin, Ethereum, etc.
Core functions: Derivatives have core functions such as risk hedging, price discovery and speculation. Risk hedging can help investors reduce the risks caused by price fluctuations in the underlying asset; price discovery can reflect the market's expectations of the future price of the underlying asset; speculation gives investors the opportunity to obtain price difference returns.
Complementarity with spot trading: derivative trading and spot trading complement each other. Spot trading is an instant purchase and sale of assets, while derivative trading can be agreed to conduct future transactions based on spot prices. If investors hold digital currency spot, they can hedge the risk of price decline through derivative contracts.

Product Matrix:

Perpetual contract
Advantages of delivery-free design: The "no delivery" design of perpetual contracts allows investors to avoid worrying about delivery due, and can flexibly adjust positions according to market conditions and conduct transactions at any time.
Fund rate mechanism: The fund rate mechanism is an important feature of a perpetual contract, and both bulls and bears pay each other's funds according to market conditions. When the capital fee rate is positive, the multi-party pays the short party; when it is negative, the short party pays the long party, which will affect the holding cost.
Risks and responses for liquidation: Under high leverage, the risk of liquidation of perpetual contracts is relatively high. Investors can reduce the risk of liquidation by reasonably setting stop loss and controlling positions and ensuring the safety of funds.
High leverage contract (up to 500x)
Applicable scenarios: High leverage contracts are suitable for investors who have accurate judgments on market trends and pursue ultimate capital efficiency. For example, when the market experiences large short-term fluctuations, high leverage can be used to quickly obtain high returns.
Supporting risk control measures: The platform equips high-speed leverage transactions with complete risk control measures, such as a strict margin system, real-time risk monitoring system and a complete liquidation protection mechanism to ensure the stable implementation of trading strategies. When market fluctuations cause the account to approach the risk of liquidation, the mechanism will take timely measures to avoid forced liquidation of user accounts and ensure that the trading strategy can continue to be implemented.

Fiat currency deposit and USDT gateway
Rules-Comprehensive Fraud Deposit Path: The platform provides a compliant fiat currency deposit path. Investors can inject fiat currency into their accounts safely and conveniently through common methods such as bank transfers, strictly follow regulatory requirements, and ensure that the source of funds is legal and compliant.
Zero slippage advantage: During the USDT redemption process, the platform has the zero slippage advantage. No matter how the market changes, investors can trade according to real-time quotes when exchanging stablecoins to avoid additional losses caused by slippage.

API interface and programmatic transaction support
Functional features of API interface - Order Management: The API interface supports order creation, modification, cancellation and other operations. Quantitative traders can automatically manage orders through programs to improve trading efficiency. Functional features of API interface - Data acquisition Traders can obtain market trends, trading data and other information in real time through the API interface to provide accurate data support for trading decisions.
API interface functional features - Strategy execution: The API interface allows quantitative traders to program their trading strategies and automatically execute them to achieve fast and accurate trading.
Institutional exclusive account management and risk control services
Exclusive management services for institutional accounts - Multi-account collaboration: X-Trader provides multi-account collaborative management services for institutional customers, which facilitates institutions to manage and operate multiple accounts in a unified manner and improve management efficiency.
Exclusive management services for institutional accounts - Fund monitoring: The platform provides real-time fund monitoring functions, and institutions can keep abreast of the account's capital flow at any time to ensure the safety of funds.
Customized risk control solutions meet institutional needs: X-Trader customizes personalized risk control solutions for institutional customers to effectively reduce investment risks.