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Reviewing 58COIN Futures Index: Which platforms were referenced? What were the calculation rules?
58COIN was once an active cryptocurrency futures trading platform, with its futures index primarily referencing spot prices from mainstream exchanges such as OKX (formerly OKEX), Huobi (now HTX), and Binance before 2020. The platform claimed to use a weighted average calculation mechanism, aiming to reduce the impact of single market fluctuations on contract liquidations. However, 58COIN ceased operations in recent years. This article will review its historical index mechanism and emphasize that it no longer exists.
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Reviewing 58COIN Futures Index: Which platforms were referenced? What were the calculation rules?
58COIN was once an active cryptocurrency futures trading platform, with its futures index primarily referencing spot prices from mainstream exchanges such as OKX (formerly OKEX), Huobi (now HTX), and Binance before 2020. The platform claimed to use a weighted average calculation mechanism, aiming to reduce the impact of single market fluctuations on contract liquidations. However, 58COIN ceased operations in recent years. This article will review its historical index mechanism and emphasize that it no longer exists.
58COIN
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