BCH Futures & Perpetual Contracts Guide - Delta Exchange

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BCH Futures & Perpetual Contracts Guide

About Bitcoin Cash
Bitcoin Cash (BCH) is a cryptocurrency and a payment network. It was created by hard forking the bitcoin blockchain in August 2017. The key technical difference between Bitcoin Cash and Bitcoin is that Bitcoin Cash allows larger blocks in it blockchain compared to Bitcoin. Larger block size means that more transactions can be accommodated in a block, which in turn increases the transaction throughput of the blockchain.

There is also a philosophical difference in the supporters of Bitcoin Cash and Bitcoin. Bitcoin Cash team intends to establish its currency as medium of exchange for commerce. In contrast, Bitcoin backers want it to become a store of value or digital gold.

You can margin trade Bitcoin Cash on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short BCH with leverage.

Bitcoin Cash Contracts Listed on Delta Exchange

Contract
Type
Max Leverage
Price Currency
Margin Currency
Action

Contract Type Max Leverage Price Currency Margin Currency Action
BCHUSDQ Quanto Perpetual 20x USD BTC See Market

Complete details of the futures and perpetual contracts on BCH that are listed on Delta Exchange are available below.

Bitcoin Cash Quanto Perpetual

Quanto Perpetual contracts on BCH are intended to provide returns of the underlying spot market in Bitcoin Cash with the added advantage of leverage. Perpetual contracts do not have an expiry date. You can learn more about perpetual contracts here.

Quotation Details

BCH Quanto Perpetual contracts are quoted in USD. All margin, Profit/ loss and settlement calculations are denominated in BTC.

Margin and Leverage

BCH Quanto Perpetual contracts are margined in BTC. This means you need to have BTC to trade these contracts. The maximum allowed leverage for BCH Quanto Perpetual contracts is 20x.

Underlying Index

The underlying index for BCH Quanto Perpetual contracts is .DEBCHUSD. It is comprised of equal weighted average of BCH/USD price from bitstamp, coinbase and kraken.

Funding

Funding is a series of continuous payments that are exchanged between longs and shorts in a perpetual contract to keep the price of the contract tethered to the underlying index.

At any given time, funding rate is equal to the difference of the mark price and the underlying index price. Funding is considered to be an 8-hourly interest rate and is computed and exchange every minute. When funding rate is positive, longs pay shorts. When funding rate is negative, shorts pay longs.

Settlement

This contract is perpetual and does not settle.

Fees

  • Taker fees = 0.25%
  • Maker fees = -0.05%

Trading Bitcoin Cash

Why Should You Trade Bitcoin Cash Futures & Perpetual

You can directly buy or sell Bitcoin Cash. This is called spot trading of Bitcoin Cash. If you buy low and sell high, you will make profit. However, this trade only works when Bitcoin Cash price goes up. Further, leverage trading is not possible in spot trading.

Bitcoin Cash margin trading through derivatives addresses these shortcomings. The BCH futures and perpetual contracts enable you to go benefit from both up and down move in Bitcoin Cash. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.

How to Start Trading on Delta Exchange

Starting trading on Delta Exchange is a breeze. Here’s how you can make your first BCH trade on Delta Exchange:

  • Register: This takes < 1min and requires on a verified email address. No other KYC is needed.
  • Fund your Delta Exchange Wallet: Only bitcoins are accepted in the Delta Exchange Wallet. A unique BTC deposit address will be generated for you when you register.
  • Convert BTC to USDC: All futures and perpetual contracts on Delta Exchange are margined and settled either in BTC or USDC. For USDC settled contracts, use the currency convertor to change BTC to USDC.
  • Make your first trade: Now you are all set to trade on Delta Exchange!

FAQs

  • Does Delta Exchange support margin trading?

    Delta exchanges offers trading in cryptocurrency futures. These futures offer: (a) up to 100x leverage and (b) ability to go both long or short. Crypto futures not only have the same features as margin trading, but also higher liquidity and lower trading fees.

  • Which cryptocurrencies can I trade on Delta Exchange?

    Delta Exchange is a derivatives exchange. You can trade futures on cryptocurrencies, but not cryptocurrencies directly. The complete list of futures listed on delta is available here.

  • How can I contact Delta Exchange?

    For any query, feedback, suggestion or business proposals, please write to us at: [email protected]