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NKN (NKN) futures trading guide

Our crash course on NKN futures will help you quickly get started with NKN futures trading and understand both the risks and risk management measures involved in futures trading.
Trade NKN (NKN) futures to capitalize on NKN market movements without the need to buy and hold NKN in your portfolio.
Bitget is a world-leading cryptocurrency futures trading platform, with a 24-hour trading volume of 34,938,766,599 USD, open interest of 15,853,680,242 USD, and support for 350+ trading pairs. We provide ample liquidity and fast order matching to ensure an exceptional user experience. Bitget Futures is your top choice for futures trading.
Create a Bitget account to start trading NKN futures instantly. You can go long or short on NKN to capitalize on NKN's market movements, whether prices are rising or falling. Keep in mind that futures trading involves high risks, so be sure to implement effective risk management measures.
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What are NKN futures?

NKN futures contracts are financial instruments that allow traders to buy or sell NKN at an agreed price in the future, offering a way to invest in NKN without holding NKN directly. There are two types of futures: perpetual futures, which have no expiry date, and delivery futures, which settle on a specified date.
Benefits of NKN futures include: 1) Leverage trading – Investors can open larger positions with a smaller amount of capital, amplifying potential returns. 2) Risk management – When NKN prices drop, investors can short futures to hedge against losses in NKN spot prices, protecting their investments. 3) High flexibility – Bitget Futures supports a variety of trading strategies to adapt to different market conditions. 4) 24/7 trading – The market operates around the clock, allowing investors to trade anytime.

How do NKN futures work?

NKN futures offer traders greater flexibility in the market. NKN futures serve as an effective tool to withstand market volatility and adverse price movements. As a derivative, it reflects traders' predictions about future price movements of NKN.
When you expect the price of NKN to rise, you can go long to maximize profit. Conversely, if you anticipate the price of NKN to fall, you can go short to hedge against potential losses in spot assets due to the decline.
Over the longer term, NKN may experience bear markets or sentiment shifts that can negatively impact your portfolio's returns. In such cases, NKN futures can help protect your investments, mitigate risks from price drops, and support better portfolio management.
Futures trading rules >

What types of futures trading does Bitget support?

Bitget offers four futures trading types:
1. USDT-M Futures:
USDT-M Futures are settled in the stablecoin USDT. Examples include BTCUSDT and ETHUSDT (note that the quote currency on the right is the stablecoin USDT).
2. USDC-M Futures:
USDC-M Futures are settled in the stablecoin USDC. Examples include BTCUSDC and ETHUSDC (note that the quote currency on the right is the stablecoin USDC).
3. Coin-M perpetual futures:
Coin-M perpetual futures are settled in cryptocurrency. Examples include BTCUSD and ETHUSD. Perpetual futures can be held indefinitely without an expiration date.
4. Coin-M delivery futures:
Coin-M delivery futures are settled in cryptocurrency, but with an expiration date. This means that users are required to deliver a specified amount of the asset on a predetermined future date. On the delivery date, the futures contract holder must fulfill the obligations outlined in the contract.
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You can trade NKN futures and more on Bitget

NKN_0
NKNUSDT Perpetual
Trading volume (USDT): 589.34K
0.08179-2.29%
Trade now
Bitcoin_1
BTCUSDT Perpetual
Trading volume (USDT): 23.28B
93,206.6+0.83%
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Bitcoin_2
BTCUSD Perpetual
Trading volume (USD): 1.03B
93,317.8+0.87%
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Bitcoin_3
BTCUSDC Perpetual
Trading volume (USD): 149.06M
93,318+0.88%
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Bitcoin_4
BTCUSD Delivery
Trading volume (USD): 2.71M
94,751.3+0.69%
Trade now
Ethereum_5
ETHUSDT Perpetual
Trading volume (USDT): 4.39B
3,123.05+0.52%
Trade now
Ethereum_6
ETHUSD Perpetual
Trading volume (USD): 268.13M
3,126.64+0.57%
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Why should I trade NKN futures? What are the benefits of futures trading?

A NKN futures is an agreement between a buyer and a seller to trade a specified NKN quantity at a set NKN price on a predetermined future date and time. This allows traders to profit from NKN without actually holding it.
Individuals and organizations holding NKN can use futures to hedge market volatility, offering better protection for their investments.

What are the advantages of Bitget Futures?

Bitget is a world-leading cryptocurrency trading platform. Bitget Futures offers four key advantages:
Top-level security: Bitget Futures provides exceptional security for complete peace of mind, integrating Proof of Reserves, a protection fund, and third-party fund custody to protect users' investments and assets. This makes Bitget a highly trustworthy choice.
Ultimate trading experience: Bitget offers a seamless futures trading experience, with abundant liquidity for both perpetual and delivery futures, making each transaction effortless and worry-free.
Efficient matching engine: Bitget's high-efficiency order matching engine ensures fast and smooth trading, standing out as a top choice in the industry for its leading technical capabilities.
24/7 customer support: Bitget's support team is available around the clock, providing responsive, professional assistance to promptly resolve any issues and ensure an outstanding user experience.
In summary, Bitget leads the way in futures trading innovation by continuously enhancing and optimizing platform features. With a wide range of trading products, Bitget is dedicated to creating a secure and efficient trading environment that fully meets the needs of all types of investors.

How do I make NKN futures trades?

1. Transfer funds to your futures account.

2. Select your preferred NKN futures trading pair, choose your margin mode, set the leverage, and select an order type.

3. Set your take-profit and stop-loss targets, then select "Buy long" or "Sell short."

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How to trade futures on the go?

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Download the Bitget app and trade anytime, anywhere
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1. Create a free Bitget account

2. Buy or deposit cryptocurrency

3. Select a futures trading pair and type, set the trading parameters, and start trading

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What are the risks in futures trading?

The high leverage and potential returns in futures margin trading come with significant risks, particularly for new investors. The unknown risks may be daunting, making it difficult for beginners to accurately grasp market conditions. These risks arise from the inherent uncertainties of futures trading, which can lead to the loss of the investor's principal. It is essential for beginners to fully understand these risks and only engage in trade when they are confident in their ability to bear potential losses.
Major risks in futures trading:
Price volatility: The high volatility of futures prices can make it challenging for investors to accurately grasp market trends and may lead to undesired investment outcomes.
Potential liquidation: If the market moves against your position, you may face significant losses. To avoid liquidation, investors must either increase their margin or reduce their positions, or they will incur losses.
Trading performance: Once an order is filled, it cannot be reversed. Investors should understand the risks involved before starting futures trading. Additionally, the exchange does not guarantee profits for investors, nor does it share the profits and risks with investors.
Policies and regulations: Cryptocurrency futures trading may be subject to regional regulatory changes. Investors should understand the policy environment of the regions they are trading in and make prudent decisions.
Force majeure: If natural disasters (e.g., earthquakes, floods, or fires) or technical issues (such as computer or communication system failures) prevent orders from being fully executed, investors are responsible for any resulting losses.
Additional risks of high leverage:
High leverage in futures trading can significantly amplify both profits and losses. Trading platforms closely monitor high-leverage positions and may intervene if these positions pose risks to market stability. For instance, Bitget actively monitors positions with excessively high leverage to maintain a stable market environment. If an investor's position is deemed to threaten market stability, Bitget will take appropriate actions, including but not limited to communicating with the investor, providing risk disclosures, partially or fully liquidating the position, and canceling orders, with a written explanation provided to the investor. These measures help protect other investors and are essential for maintaining a stable and secure trading environment.
These are some of the key risks associated with futures trading. For beginners, it's essential to carefully evaluate these risks and allocate funds wisely. Only with a full understanding of the risks can investors engage in futures trading safely and protect their investments.
Note: Trading futures, derivatives, and other instruments with leverage involves certain risks and may not be suitable for everyone.

Risk management in futures trading

Risk management is essential for futures traders to protect their capital and reduce potential losses. Here are some effective risk management strategies:
Effective risk management strategies that futures traders can implement:
Control leverage: Choose leverage carefully based on your risk tolerance. While higher leverage can amplify returns, it also increases potential losses. Beginners are strongly advised to start with lower leverage.
Maintain sufficient margin: Ensure your account has adequate margin to avoid liquidation caused by market volatility. Monitor your account balance closely and add margin as needed to sustain your positions.
Set TP/SL targets: Establish stop-loss and take-profit targets for each trade to automatically close positions, locking in profits and limiting losses. This approach helps avoid emotional decision-making that could impact trade outcomes.
Diversify your portfolio: Avoid placing all your funds in a single futures contract. Spread your investment across different trading pairs and markets to lower overall risk.
Regularly access market conditions: Stay informed about market trends and relevant news, and use both technical and fundamental analysis to adjust your trading strategies promptly in response to market changes.
Adopt appropriate trading strategies: Use proven trading strategies such as trend trading, arbitrage, or day trading to increase your success rate. Identify your trading style and plan accordingly.
Stay calm: Manage your emotions and avoid making impulsive decisions driven by fear or greed. Stick to your plan and avoid following market trends blindly.
Keep learning: Continuously improve your knowledge of futures trading, including market analysis, technical analysis, and fundamental analysis. Ongoing learning helps improve the quality of your trading decisions.
Bitget also provides essential risk management measures for investors:
Asset protection: Bitget implements multiple security measures, including Proof of Reserves, Protection Fund, and third-party fund custody, to ensure the security of user assets.
Risk warning system: The platform monitors margin positions and issues a risk warning if leverage for a position is too high, reminding users to adjust their positions promptly.
Liquidation mechanism: To maintain market stability and prevent further losses, Bitget will automatically liquidate positions if a user's margin falls below the maintenance margin level.
Education and support: Bitget offers a wealth of educational resources, including information on trading strategies, risk management, and market analysis, to help users improve their trading skills and risk awareness.
24/7 customer support: Bitget's customer service is available around the clock to answer questions and address concerns, assisting users in managing risks more effectively in futures trading.
Effective risk management is essential for success in futures trading. We encourage users to make full use of the risk management tools provided by Bitget to trade safely and efficiently. Remember to stay rational and cautious, employ diverse trading strategies, remain vigilant, and adjust your approach as needed to protect your funds in this complex and volatile market.
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Futures trading carries high risks, and investors may experience partial or total loss of funds. Investors should make informed decisions and thoroughly understand these risks. Futures prices are highly sensitive to market fluctuations, with rapid and significant price changes, requiring investors to develop strong risk management skills. All information, data, and content on this website are provided for reference only and should not be considered trading guidance or recommendations. Investors should conduct their own research and seek professional advice. Futures trading is subject to applicable laws and regulations, and investors should ensure they understand local laws before trading. Bitget is not liable for any direct or indirect losses resulting from futures trading. Investors are solely responsible for their trading decisions.