Yes, Futures trading is available through the Nexo app. Trading Futures allow you to trade perpetual contracts with amounts far greater than your USDT balance, using up to 50x leverage.
With Perpetual Futures, you can go long or short depending on which way you believe the market will go.
Note: Futures trading is not available in certain jurisdictions. For further information, please refer to the relevant terms and conditions.
How to Get Started with Futures?
You only need USDT in your account to trade perpetuals on Nexo. Once you buy or deposit USDT:
- Head to your USDT Wallet and transfer your USDT to your Futures Wallet at no cost.
- Tap the Exchange button on your dashboard and select Futures.
- Select an asset from the list with perpetual contracts and pick a direction - long or short. Then adjust your leverage.
- Choose how much USDT you want to allocate to the position. Preview the position and confirm it.
To track your open positions, tap on the top right corner of your app. At the top of the screen, you get an overview of your current margin risk taking into account all your open positions. Below, you can tap on your open position to get a complete overview including the current PNL, and the funding rate. You can close it partially or fully. For more detailed information on managing your positions, please refer to our Help Center article.