WEEX supports three order placement methods based on futures units: lots, cryptocurrency units, and USDT.
In futures trading, a lot is a standardized unit used to represent the size or quantity of a trade. The amount of underlying cryptocurrency one lot represents can vary depending on the exchange’s rules.
A lot represents a certain amount of cryptocurrency. For example, for Bitcoin futures, one lot may equal 0.001 BTC, 0.01 BTC, or another predefined quantity, based on how the futures contract is structured.
Futures trading allows the use of leverage, enabling traders to control larger positions with less capital. The lot size you trade directly determines the amount of cryptocurrency you control under leveraged conditions.
Using lot size as a unit helps standardize trading across different cryptocurrencies, making it easier to calculate and manage positions effectively.