LBank, a leading global cryptocurrency exchange, announces the launch of a $100 million futures protection fund aimed at minimizing trading risks.
Fund Details
The fund is activated during 'wick events' where the K-line price deviates by more than 2% and quickly rebounds. It covers the top 100 futures trading pairs like BTC, ETH, and SOL. Affected traders facing forced liquidations will receive 120% compensation of their losses. The reasonable market price is determined based on a composite value from the top 5 derivatives on CoinMarketCap.
Redefining Trader Protection
The $100 million fund is among the most comprehensive safeguards transforming volatility into an opportunity. Using USDT for settlements avoids unnecessary complexities and ensures transparent risk management. With over 15 million users, LBank's initiatives continue to ensure security and stability.
About LBank
Founded in 2015, LBank is a major cryptocurrency exchange serving over 15 million customers in 210 countries. With daily derivatives trading volume surpassing $67 billion, LBank supports over 800 cryptocurrencies, helping users achieve average returns of 130% on new listings.
The introduction of a robust trader protection fund demonstrates LBank's commitment to user safety and trading conditions improvement.
