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How to conduct ETF Trading

WEB

1. Log in to the web platform, hover over "Trade," and select "ETF" from the dropdown menu.
   
   
   
2. Search in the left-side currency column or directly select the currency you wish to trade.
   
   
   
3. If you want to place a buy order, enter "Buy Price," "Quantity," or "Total Amount" on the left side sequentially, then click "Buy."
   If you want to place a sell order, enter "Sell Price," "Quantity," or "Total Amount" on the right side sequentially, then click "Sell."
   
   
   

Explanation of Order Types

1. Limit Order: Set your own buying or selling price. The transaction will only be executed when the market price reaches the set price. If the market price does not reach the set price, the limit order will continue to wait for execution.
   
   
2. Market Order: Executes the transaction at the current best available price by default.
   
   
3. Conditional Order: You need to set a trigger price, a limit price, and the trading amount. When the market price fluctuates to your trigger price, the system will place a limit order at your specified limit price, waiting for the order to be executed.
   
   
4. Advanced Limit Order: Building upon the basic limit order, you can set different order statuses: Post Only, Fill Or Kill, Immediate Or Cancel, and Immediate Or Kill.

APP

1. Log in to the app and tap the "Trade" button on the bottom navigation bar, then select "ETF" at the top to enter the ETF trading interface. Click on the currency pair at the top to expand the list of available currencies. Choose or search for the desired currency pair to initiate trading.
    
   
   
2. If you wish to place a buy order, select "Buy" at the top, enter "Buy Price," "Quantity," or "Total Amount," then click "Buy" to proceed.
   If you want to place a sell order, select "Sell" at the top, enter "Sell Price," "Quantity," or "Total Amount," then click "Sell" to proceed.
   
   
   

Explanation of Order Types

1. Limit Order: Set your own buying or selling price. The transaction will only be executed when the market price reaches the set price. If the market price does not reach the set price, the limit order will continue to wait for execution.
   
   
2. Market Order: Executes the transaction at the current best available price by default.
   
   
3. Conditional Order: You need to set a trigger price, a limit price, and the trading amount. When the market price fluctuates to your trigger price, the system will place a limit order at your specified limit price, waiting for the order to be executed.
   
   
4. Advanced Limit Order: Building upon the basic limit order, you can set different order statuses: Post Only, Fill Or Kill, Immediate Or Cancel, and Immediate Or Kill.

About ETF

Explanation of Order Types

Q1: What is a Leveraged ETF Product?

Leveraged tokens, similar to traditional ETF products in finance, track the movements (both gains and losses) of a given underlying asset, typically magnified to about three times the market movement of the underlying asset. Unlike traditional leveraged trading, users trading leveraged tokens do not need to provide any margin. They achieve leveraged trading simply through buying and selling tokens.

Each leveraged ETF product corresponds to a contract position managed by platform fund managers, allowing users to easily construct their own stable leveraged investment portfolios without needing to understand specific mechanisms.

Q2: What is the Underlying Asset?

From the name of a leveraged ETF product, you can identify the underlying asset it refers to. For example, in BTC 3L and BTC 3S, the underlying asset is BTC.

Q3: What is the Total Supply of Leveraged ETF Products?

Leveraged ETF products, like perpetual contracts, are financial derivatives rather than cryptocurrencies, so there is no concept of total supply or burning.

Q4: How do Leveraged ETF Products Enhance Returns?

Leveraged ETF products use leverage to amplify price movements, thereby increasing potential returns. For example, if BTC's price movement is 5% after rebalancing, BTC 3L (three times long BTC) would reflect a net asset value movement of 15%, while BTC 3S (three times short BTC) would reflect -15%.

Q5: What are the Differences Between Leveraged ETF Products and Margin Trading?

1. Margin trading involves borrowing assets several times greater than the margin deposited to amplify both gains and losses, with the leverage based on the amount of cryptocurrency held. In contrast, leveraged ETF products amplify gains by magnifying the percentage price movements of the asset. 

2. Leveraged ETF products do not require margin payments or borrowing, nor do they carry the risk of liquidation.

Q6: How are Leveraged ETF Products Different from Perpetual Contracts?

1. Leveraged ETF products do not require margin payments and do not carry the risk of liquidation.

2. They maintain a fixed leverage ratio: While the actual leverage in perpetual contracts fluctuates with changes in position value, leveraged ETF products are rebalanced daily, typically maintaining a fixed leverage ratio of 3x.

Q7: Why Don't Leveraged ETF Products Liquidate?

Platform fund managers dynamically adjust futures positions to maintain a consistent leverage ratio over a period. When profitable, leveraged ETF products automatically increase positions after rebalancing. In case of losses, they decrease positions after rebalancing to avoid the risk of liquidation.

Note: Rebalancing adjusts the contract positions behind each product; your holdings of tokens do not change.

Note: Ensure that assets are in the "Spot Account" to participate in ETF trading for buying or selling.