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Bitcoin Futures & Perpetual Contracts Guide

Bitcoin Contracts Listed on Delta Exchange

Symbol
Description
Price
Max Leverage
Settlement Currency
Action

Symbol Description Price Max Leverage Settlement Currency Action
BTC Index Details
BTCUSD Bitcoin Perpetual Swap 100x BTC See Market
IRS-BX-BTCUSD-251220 Bitcoin Perpetual Swap 50x BTC See Market
CS-BTCUSD-Mar-Dec Bitcoin Perpetual Swap 200x USDT See Market
BTCUSDT Bitcoin Perpetual Swap 100x USDT See Market
BTCUSD_26Mar Bitcoin March Futures 100x BTC See Market
BTCUSD_25Dec Bitcoin December Futures 100x BTC See Market
C-BTC-D-251120 Bitcoin December Futures 100x USDT See Market
P-BTC-D-251120 Bitcoin December Futures 100x USDT See Market
C-BTC-20000-271120 Bitcoin December Futures 100x USDT See Market
P-BTC-16000-271120 Bitcoin December Futures 100x USDT See Market
P-BTC-17000-271120 Bitcoin December Futures 100x USDT See Market
P-BTC-18000-271120 Bitcoin December Futures 100x USDT See Market
C-BTC-19000-271120 Bitcoin December Futures 100x USDT See Market
C-BTC-18000-271120 Bitcoin December Futures 100x USDT See Market
C-BTC-W-271120 Bitcoin December Futures 100x USDT See Market
P-BTC-W-271120 Bitcoin December Futures 100x USDT See Market

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

What Is Bitcoin

Bitcoin (BTC or XBT) is the most prominent cryptocurrency in the world. It is a decentralized digital currency that functions without a central bank or single administrator. Peer-to-peer exchange of bitcoin can happen without the need for intermediaries.

Bitcoin is also the largest cryptocurrency by market capitalisation as well as trading volumes. You can margin trade Bitcoin on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short XBT with leverage.

What is Bitcoin Futures Trading?

Bitcoin futures are contracts that allow you to buy or sell bitcoin at a fixed price at a future time and date.

The counter parties are bound to honour the contract by either buying or selling bitcoin at the price on contract expiry. Traders can either go Long i.e agree to buy bitcoin at a fixed price on expiry in future Or Short i.e agrees to buy bitcoin at a fixed price on expiry in future.

Bitcoin Futures are used by traders to hedge their investments. Key benefits of trading bitcoin futures:

  • Hedging price risk
  • Speculate price movement

Bitcoin Perpetual

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

Quotation Details

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

Margin and Leverage

BTC Perpetual contracts are margined in BTC. This means you need to have BTC to trade these contracts. The maximum allowed leverage for BTC Perpetual contracts is 100x.

Underlying Index

The underlying index for BTC Perpetual contracts is .DEXBTUSD. It is comprised of equal weighted average of BTC/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 = 0.05%
  • Maker fees = 0.02%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in IR. All margin, Profit/ loss and settlement calculations are denominated in BTC.

Margin and Leverage

BTC Futures are margined in BTC. This means traders need to have BTC to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 50x.

Underlying Index

The underlying index for BTC Futures contracts is .BXBT. It is comprised of equal weighted average of BTC/IR price from bitmex.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.1%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USD. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 200x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSD. It is comprised of equal weighted average of BTC/USD price from bitstamp, coinbase and kraken.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Perpetual

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

Quotation Details

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

Margin and Leverage

BTC Perpetual contracts are margined in USDT. This means you need to have USDT to trade these contracts. The maximum allowed leverage for BTC Perpetual contracts is 100x.

Underlying Index

The underlying index for BTC Perpetual contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

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 = 0.05%
  • Maker fees = 0.02%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

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

Margin and Leverage

BTC Futures are margined in BTC. This means traders need to have BTC to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSD. It is comprised of equal weighted average of BTC/USD price from bitstamp, coinbase and kraken.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.02%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

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

Margin and Leverage

BTC Futures are margined in BTC. This means traders need to have BTC to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSD. It is comprised of equal weighted average of BTC/USD price from bitstamp, coinbase and kraken.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.02%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Bitcoin Futures

Bitcoin futures are derivative contracts defined on BTC spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BTC Futures contracts are quoted in USDT. All margin, Profit/ loss and settlement calculations are denominated in USDT.

Margin and Leverage

BTC Futures are margined in USDT. This means traders need to have USDT to trade these contracts. The maximum allowed leverage for BTC Futures contracts is 100x.

Underlying Index

The underlying index for BTC Futures contracts is .DEXBTUSDT. It is comprised of equal weighted average of BTC/USDT price from binance, gateio and huobi.

Settlement

The BTC Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.05%
  • Maker fees = 0.05%

Trading Bitcoin

Why Should You Trade Bitcoin Futures & Perpetual

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

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

How to Start Trading Bitcoin Futures on Delta Exchange

Starting trading on Delta Exchange is a breeze. Here’s how you can make your first BTC 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!With Delta Exchange you can not only just trade in Bitcoin Futures but also trade in several other altcoins like Ripple, Litecoin, BNB coin, Ethereum futures and more

Where to trade bitcoin futures?

Bitcoin futures trading is available on Delta Exchange. Delta Exchange offers a variety of derivative products on Bitcoin including Bitcoin futures(100x leverage), perpetual swaps(100x leverage) and daily & weekly MOVE contracts.

How do futures contracts work?

A futures contract is a promise to buy or sell an asset on a fixed date at a predetermined price. So, if a trader goes long i.e buys the 26th June BTC futures @ 8500, this implies that the trader enters into an agreement under which he is obliged to buy Bitcoin on 26th June @ 8500. The price of Bitcoin at the time of writing this post is 7554. Thus, bitcoin futures provide a viable means to investors to either speculate the price without actually owning bitcoin or hedge their risks against volatile fluctuations if they own bitcoin. Checkout articles on our blog, to learn more about trading futures.

What time do Bitcoin futures expire?

Every Bitcoin futures contract has a date linked to it. This is the predetermined date when the trader is obliged to settle his open positions, if any. This predetermined date is called the Expiry date. Delta Exchange launches Quarterly Bitcoin Futures. The expiry date of the contracts is mentioned with the nomenclature in most of the exchanges.

Why futures are better than options?

Futures have No Time Decay (Options are wasting assets meaning that their value reduces as expiry approaches given all else remains same), Liquidity (Future markets have deep and reliable liquidity as compared to options), Pricing easy to understand (If the spot and futures prices are out of alignment, arbitrage activity would occur and rectify the imbalance.)