Assets
Assets are fully synthetic, and do not denote an exchange of specified assets between Vela Exchange and traders or between traders.
VELA Exchange offers 3 types of assets; Crypto, Forex and Market Capitalization. Each of these asset types and pairs offered have a different Funding Rate and Open Interest Limits due to diverse volatility. As the margin pool grows, VELA will add more pairs based on community demand.
Open Interest Limit: It is the max $ allowed for individual and total of all user positions (same asset, same direction). As a risk management tool, there are different OI limits on each asset and direction.
VELA currently offers pairs mentioned below:
- BTC/USD
- ETH/USD
- DOGE/USD
- ARB/USD
- MATIC/USD
- AVAX/USD
- SOL/USD
Leverage Range: 1x to 20x
Crypto markets are always open, there are no time restrictions and gaps that would affect order strategies like stop loss.
VELA currently offers Forex pairs mentioned below:
- EUR/USD
- GBP/USD
- USD/JPY
Leverage Range: 1x to 50x
Unlike Crypto markets, Forex markets are not always open. Below you can see the general time table for Forex markets:
Monday, Tuesday, Wednesday, Thursday: Open all day
Friday: Closes at 4 pm EST (UTC-5)Saturday: Closed all day
Sunday: Opens at 5 pm EST (UTC-5)
Some of these times may be affected by holidays, please check https://www.forex.com/en-ca/support/trading-hours/ for more information.
Shortly after launch VELA will be offering Market Cap pairs mentioned below:
- USDC Mcap/USD
Leverage Range: 1x to 30x
Market Cap is directly associated with Crypto markets, so it is always open, there are no time restrictions and gaps that would affect order strategies like stop loss.
Last modified 2mo ago