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BracketX

DeFi • Trading

Range-bound derivative products for DeFi

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"Bracket Labs" introduces "Passage" as a solution for traders seeking to profit in various market volatility conditions without the need to create complex trading strategies from scratch. The description highlights several key features and advantages of "Passage": Volatility Market: "Passage" is presented as a market tailored for volatility, regardless of the price direction. This indicates that traders can potentially benefit from price fluctuations in either direction, making it versatile for various market conditions. Suitable for Perpetual Contracts (Perps) Traders: The platform is positioned as an excellent choice for perpetual contract traders who want to engage in volatility-based trading strategies. Perpetual contracts are derivatives that allow traders to speculate on the price of an asset without holding the underlying asset. Range-Bound Trading: "Passage" is described as suitable for range-bound markets, where the price of an asset remains within a specific range. This suggests that traders can capitalize on price movements within defined boundaries. User-Friendly: The mention of "simple one-click purchases" indicates that "Passage" offers a user-friendly interface that simplifies the trading process, making it accessible to traders with varying levels of experience. Leverage Without Funding Rates: The platform appears to offer leverage, which allows traders to amplify their positions, without incurring funding rates commonly associated with leveraged trading on certain exchanges. Limit Order Book: The presence of a limit order book suggests that traders can place orders at specific price levels, offering more control over their trading strategies. Suitable for Flat Markets: "Passage" is touted as being suitable for flat markets, where price movement is minimal. This implies that traders can find opportunities even when market volatility is low. For potential enhancements, consider providing more specific details about the mechanics of using "Passage," such as how leverage is managed and how limit orders work within the platform. Additionally, explaining the process of getting started with "Passage" and any risk management features available would be beneficial. Overall, the description effectively introduces "Bracket Labs" and "Passage" as a trading solution designed for traders seeking to profit from market volatility without the complexity of creating intricate strategies. It caters to both experienced traders and those looking for a user-friendly entry point into trading derivatives.