- What are Perpetual Futures Contracts?
- SynFutures Offers Trump and Harris Perpetuals
- 2024 U.S. Presidential Election
SynFutures, a decentralized derivatives protocol, has launched perpetual contracts that allow users to trade the 2024 U.S. presidential election results.
What are Perpetual Futures Contracts?
Perpetual futures contracts offer a crypto derivative instrument that traders use to speculate on the future price of an underlying digital asset. These contracts in the crypto space typically involve assets like Bitcoin (BTC), Ethereum (ETH) or other coins. Traders can speculate on any supported contract without owning the asset directly. Perpetual futures, unlike traditional futures contracts, do not have an expiration date.
SynFutures Offers Trump and Harris Perpetuals
As SynFutures announced on Sept. 19, the new TRUMP-USDC and HARRIS-USDC perpetual futures pairs allow traders to bet on the Polymarket rate regarding who will win the U.S. election in November 2024. SynFutures’ perpetuals, which offer up to 10x leverage, track the Polymarket bet on the topic of the '[Presidential Election Winner 2024](https://polymarket.com/event/presidential-election-winner-2024)'. Currently, predictions indicate Harris has a 52% chance of winning, while Trump stands at 47%. On SynFutures, the TRUMP-USDC pair trades at $0.47661, while the HARRIS-USDC pair is at $0.52453. The trades show a 24-hour change of 0.72% and 0.24%, respectively. The 24-hour trading volume for the two contracts is just over $366,000 for TRUMP and over $105,000 for HARRIS. The two contracts have a settlement date of Nov. 4.
2024 U.S. Presidential Election
The 2024 U.S. presidential election has garnered significant attention. The main candidates are Vice President Kamala Harris and former President Donald Trump. Betting and predictions on the election outcome are actively discussed on various platforms, including Polymarket, where users make assumptions about the final winner.
SynFutures offers innovative tools for traders interested in betting on the outcome of the upcoming U.S. presidential election, providing the opportunity to speculate using perpetual futures with high leverage.
Comments