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Zoomex unveils Prediction Market feature for hedging with event forecasts
Zoomex announced that users can hedge their market positions using its Prediction Market feature, which allows placing directional bets on event outcomes such as Bitcoin price movements.
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According to the published guide, Zoomex offers a Prediction Market feature where users can place directional bets on outcomes such as cryptocurrency price changes, including Bitcoin. The platform allows users to access various active events, select a direction for each prediction, and monitor or sell their positions through the 'My Orders' section.
The official guide emphasizes the importance of reviewing each event's descriptions, settlement rules, and specific instructions prior to participation. It also notes that prediction markets are subject to uncertainty and do not guarantee profits, and that the details and rules for each event may differ.
Zoomex is a cryptocurrency exchange established in 2021, offering both CEX and DEX trading, as well as derivatives, with leverage up to 1:150 and a built-in copy trading service. The platform supports both web and mobile trading, provides 24/7 technical support, and holds client funds in cold wallets with multi-level authorization. For more details, read the full review on Traders Union.
For more background, see our earlier news about Zoomex announcing its World Cup Prediction Campaign and unique crypto-based event features in the previous Zoomex update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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