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TechFlow News — Decentralized auction platform Bounce Finance has announced the launch of Bounce Quanto Derivatives, powered by Krav Trade. Users can now use AUCTION as collateral to trade BTC with up to 200x leverage.
Quanto Derivatives combine securities and currencies by pricing an asset in one currency while settling in another, thereby locking in the exchange rate. Currently, Quanto Derivatives offers the Quanto BTC/USDT trading pair.
Decentralized auction platform Bounce Finance tweeted that it has launched Bounce Quanto Derivatives powered by Krav Trade, allowing users to collateralize AUCTION to trade BTC with up to 200x leverage. Quanto Derivatives combine securities and currencies by pricing assets in one currency but settling in another, locking in the exchange rate. Currently, Quanto Derivatives offers the Quanto BTC/USDT trading pair.
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