FWX Launches Perpetual Trading Feature with Up to 30x Leverage on Base Blockchain

FWX has just launched a new feature called Perpetual Trading. This platform is designed for users who want to trade cryptocurrencies with leverage. It’s built on the Base blockchain and uses data from the Pyth Network to give you accurate market information.

With FWX Perpetual Trading, you can trade various cryptocurrencies right from your deposited balance. The best part? You get to enjoy very low gas fees. This makes it a great option for both beginners and experienced traders. The platform is user-friendly and offers a solid risk management system.

You can trade major tokens with leverage, which means you can increase your potential profits without worrying about expiry dates. You can leverage your trades up to 30 times. Plus, you can take both long and short positions. This flexibility lets you profit from market movements in either direction.

Currently, FWX charges a trading fee of just 0.1%. There’s also a One-Time Funding Fee (OTF) that applies when you open and close a position. This fee varies based on the open interest volumes between long and short positions.

FWX has also improved its cross-margin system. Now, all positions are collateralized with USDC. This gives you stability while allowing you to manage multiple positions across different trading pairs, all within a single collateral pool.

FWX allows users to list tokens right from their inception by providing liquidity. It supports leveraged trading and lending pools. Its unique hedging algorithm protects liquidity providers, reducing risks like impermanent loss.

Recently, FWX updated its margin configuration and leverage settings for its official futures trading pairs. The maximum leverage has increased to 10 times, the minimum margin is now 10%, and the maintenance margin has been lowered to 5% for pairs involving AVAX with USDC, WETH, SAVAX, GMX, and others.