Singapore, September 20, 2020 — For the first time in the industry, MCS (MyCoinStory), a global cryptocurrency derivatives exchange announced the listing of SUNUSDT futures contract on September 18, 2020. Just a day prior to this launch, KLAYUSDT futures contract was released on September 17, 2020, which also was the first futures contract listing in the industry.
The SUN token used in SUNUSDT futures is the most distinguished experimental DeFi (Decentralized Finance) project token by the TRON Foundation in these days. The data published by TRON Foundation claims that 6.7 billion TRON were staked during the SUN’s Genesis Mining period which is approximately $191 million. The KLAY token in KLAYUSDT futures is the native currency of the Klaytn blockchain developed by Ground X, a subsidiary of Kakao Corporation.
This series of futures contracts release is called the “Colorful Quanto”, a series of quanto products with ‘colorful’ characteristics and variations.
A quanto contract refers to a derivative instrument that is settled as another asset instead of either the base currency or the counter currency in a trading pair. MCS’s first quanto product, KLAYUSDT futures, and the recently released SUNUSDT are both settled in BTC with a BTC margin, not in the base currency USDT or the counter currencies KLAY and SUN, respectively. MCS is focusing on introducing more unique quanto futures products before other exchanges do.
The representative of MCS quoted that “there are many cryptocurrencies traders show great interests, and often these cryptos fluctuate a lot. By listing more quanto futures products on MCS, we can give a variety of trading options true traders can enjoy and benefit from.”
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* MCS (MyCoinStory)
Together with a team of experts, MCS is walking side by side with traders’ to access financial freedom in the best way possible by creating a reliable trading environment for traders which includes enterprise-level IT systems, multilingual online customer support, and a partnership with the industry-leading digital asset custodial company, ‘BitGo’.
MCS is constantly improving its trading platform for traders so that traders can dream of a better future. As the slogan #Be_a_Trader shows, MCS is focused on giving every trader in the platform the authentic ‘trading’ experience through various features and training materials.
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