Bitcoin the largest cryptocurrency by market capitalisation. It is also the most widely accepted and well-known cryptocurrency. Traders who want to profit from movement in the price of Bitcoin can go long or short the Bitcoin-USD futures listed on Delta Exchange.
We have inverse futures contracts listed for Bitcoin on Delta Exchange. This contract is quoted in terms of USD but is margined and settled in terms of Bitcoin. The multiplier for the inverse futures contract on Delta Exchange is 1 USD.
We have listed Bitcoin Futures which are settled against stablecoin (USDC). Delta Exchange is the world's first crypto derivatives exchange to launch stablecoin settled futures. The contract is quoted in BTC-USD and settled in USDC. Stablecoin quanto futures announcement.
Delta Exchange has the following BTC futures contracts available for trading. Against each contract, we have mentioned the current price, daily traded volume and the change in last 24 hours. You can see the complete order book on BTC contracts listed on Delta Exchange here.
BTC futures currently available:
|Contract Symbol||Last Price||24 hr Change||24 hr Volumes|
Margin currency is the currency in which the margin for a futures contract is allowed. The margin currency for BTCUSD_29Mar contract is BTC
Underlying for BTC Contracts on Delta Exchange
The underlying for BTC futures contract on Delta Exchange is Avg of BTC/USD price on Bitstamp, Coinbase Pro & Kraken
How are BTC contracts quoted on Delta Exchange?
BTC Futures contracts BTCUSD_29Mar are quoted in USD
Settlement for BTC futures
The BTC futures settle on the expiry data at the last 30 minute TWAP of the underlying price.
BTCUSD_29Mar futures expire on 29-Mar-2019 12:00 pm
Max Leverage Allowed for BTC futures:
The maintenance margin for BTC contracts is 1%. The max leverage for these contracts is 100x.
Initial margin (minimum amount needed to open a fresh position) that a trader is required to post when entering a long or short position in BTC decides the max-leverage for the contract. For example, a contract with 2.5% initial margin will offer upto 40x leverage and vice versa. If max-leverage is 25x then the trader will have to post an initial margin of 4%.
The maker and taker fee for BTCUSD_29Mar futures is:
Maker Fee: -0.00025
Taker Fee: 0.00075
More information about futures trading is available in reference section here.