Bitcoin has made a furious comeback, once again crossing the $100k mark and raising hopes for an altseason among crypto lovers. While it is hovering around the 101k area, altcoins have also made their move with Ethereum leading the way, experiencing a rapid rise in the past week. In all this excitement in anticipation of a new altseason, exchanges like Bitunix continue to enrich their trading pair assets by adding new projects. Bitunix exchange recently listed PUFFER crypto on the futures market, thus exceeding 800 trading pairs in total on Bitunix. What is Puffer Finance and Why it Matters Puffer Finance is a platform that helps people earn more from their Ethereum by making staking easier and more rewarding. Normally, staking ETH requires a large amount of ETH and technical know-how, which can be a barrier for many. Puffer Finance changes this by allowing individuals to stake smaller amounts of ETH and still participate in the network's security and earn rewards. When someone stakes ETH through Puffer Finance, they receive a token called pufETH. This token represents their staked ETH and can be used in other financial activities, like lending or trading, providing flexibility and additional earning opportunities. Puffer Finance also uses advanced technology to protect users from penalties that can occur if something goes wrong with the staking process. The platform introduced its token, PUFFER, on October 14th, 2024. At launch, the token's price spiked to $0.49, but it has since dropped, with a current price of around $0.22 as per CoinMarketCap . PUFFER tokens are used for governance, allowing holders to vote on decisions about the platform's future, and can also be staked for additional rewards. Puffer Finance has attracted significant investment and has a substantial amount of ETH staked on its platform, indicating trust and interest from the community. Overall, Puffer Finance aims to make staking more accessible and profitable for a wider range of people, contributing to the security and decentralization of the Ethereum network. PUFFER Now Listed on Bitunix Exchange Given the growth and success of Puffer Finance , Bitunix Exchange listed it on May 13th on the futures market. Bitunix already has more than 800 trading pairs and is on a path to further growth. The platform is known for its transparency, high level of security, and unique market features such as the world's first K-line ultra app with advanced candlesticks and 16-chart multiwindow trading, the only exchange to have this feature. Bitunix maintains a high and rigorous standard when selecting projects for listing, ensuring only those with solid fundamentals and significant growth potential join its platform. Puffer Finance’s recent achievements demonstrate this commitment to quality. According to reports Puffer Finance recently secured $18 million in a Series A funding round led by Brevan Howard Digital and Electric Capital. This investment elevated the company's valuation to $200 million and is aimed at supporting the launch of its mainnet, thereby improving validator participation and promoting Ethereum's decentralization. Excited to announce the close of our $18M Series A led by @BHDigitalAssets & @ElectricCapital ! 🐡🚀This funding marks a new era for Liquid Restaking and bolsters Ethereum's decentralization. 🧵Read more: https://t.co/hEmtPoNQdP 1/11 — Puffer Finance 🐡 (@puffer_finance) April 17, 2024 Events like these reinforce Bitunix’s confidence in listing PUFFER, underscoring the exchange’s dedication to promoting projects that deliver real value and long-term impact in the crypto industry. How to Trade PUFFER on Bitunix Futures: Step-by-Step Guide Step 1: Open an Account with BitunixBegin by visiting the official Bitunix platform to create an account. Step 2: Deposit FundsNavigate to the ‘Wallet’ section and deposit cryptocurrency assets such as USDT or BTC. These assets will serve as margin for futures trading. If fiat funding is supported, it may be converted into digital assets via the platform. Step 3: Access Futures Trading InterfaceFrom the main dashboard, access the ‘Futures’ trading section. This interface provides all the necessary tools for trading PUFFER and other derivatives. Step 4: Locate the PUFFER Futures ContractUse the search function to locate the Puffer Finance (PUFFER) futures trading pair . Select the appropriate contract type perpetual or otherwise based on the desired strategy. Step 5: Configure Trading ParametersSet the preferred leverage level, margin amount, and order type (market or limit). Input the desired quantity of PUFFER contracts to open a position. Step 6: Execute the TradeAfter reviewing all trade parameters including leverage, entry price, and risk exposure submit the order to initiate the futures position. Step 7: Monitor and Manage the PositionTrack open positions through the ‘Positions’ tab. Utilize risk management tools such as stop-loss and take-profit settings. Close the position when necessary to secure profits or minimize losses. Looking to trade PUFFER and other crypto futures with high-performance charting and flexible leverage? Bitunix offers an advanced trading experience with over 800 pairs. Start trading on the Bitunix Futures page today. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
