ME News reports that on April 2 (UTC+8), Boros, a funding rate trading platform under Pendle, announced the launch of Boros OTC, a dedicated platform for funding and large-scale traders to hedge funding rate exposure at high volumes with customized terms and zero price impact. The platform is open to funding and traders holding positions exceeding $500,000. Users can first submit their trading intent via the OTC dashboard; upon approval, they gain access to the OTC section to create or review trade proposals. Once both parties accept a proposal, settlement occurs directly on-chain, and the position is added to the user’s portfolio. (Source: Foresight News)
Boros Launches OTC Trading Platform for Users with Over $500,000 Positions
KuCoinFlashShare
Summary
Boros, a funding rate trading platform under Pendle, has launched the Boros OTC trading platform. The platform is designed for funds and large traders with positions exceeding $500,000, providing a venue to hedge funding rate exposure at scale with zero price impact. Users can submit trading intentions through the OTC control panel and create or review proposals after approval. Accepted trades settle on-chain, with positions added to the user’s portfolio. Traders using technical analysis for crypto can better identify support and resistance levels to time their OTC entries.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.