WhiteBIT Lists PUFFER-PERP: A New Trading Opportunity
On October 16, 2024, WhiteBIT announced that PUFFER is now available for trading on their platform. At the time of writing, PUFFER can be traded exclusively in a USDT pair and is limited to futures contracts.
On October 16, 2024, WhiteBIT announced that PUFFER is now available for trading on their platform. At the time of writing, PUFFER can be traded exclusively in a USDT pair and is limited to futures contracts.
In the first hour post-listing, the trading volume hit $1.6 million. For reference, trading activity on HTX during the same period was $145,000, and MEXC recorded $140,000.
For those looking to trade PUFFER-PERP on WhiteBIT, a quick sign-up and KYC verification are required. Ukrainian users can conveniently register using the “Diia” application.
What is PUFFER?
PUFFER represents the native token of the Puffer Finance restaking protocol. As of October 2024, the project ranks second in the “Liquid Restaking” space, with a TVL of $1.4 billion.
Top 5 liquid restaking projects by TVL. Source: defillama.com
Holders of PUFFER tokens can take part in governance decisions within Puffer Finance, including setting fees, determining limits, and managing staking requirements.
At the time of writing, PUFFER is being utilized in several products, including Puffer LRT, UniFi AVS, and UniFi Rollup.
Earlier, Puffer Finance conducted an airdrop, distributing 75 million tokens (7.5% of the total supply) to the most active participants of its “Crunchy Carrot Quest Season One.”
We previously detailed how to secure Puffer Finance’s airdrop in our article “ETH Restaking: Top 5 Projects with Airdrop Potential.”
Is It Worth Getting Into Futures Trading?
It’s often said that futures trading is too risky for those without professional experience. But with the right risk management techniques, such as using stop-loss orders (which close trades to limit losses), futures trading can present some distinct advantages.
Traders can choose to go long (if they expect a price increase) or short (if they anticipate a drop). Plus, futures trading allows the use of leverage, which means traders don’t need to keep all their funds tied up on the exchange.
Related: What does it mean to short crypto?
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