Ether (ETH) is one of the top 5 cryptocurrencies. ETH is the native currency of Ethereum: a global decentralised platform for money and smart contracts. ERC20 tokens are also smart contracts that live on the Ethereum blockchain.
ETH is “digital money” that can be sent over the internet instantly and cheaply, and also be used in many Ethereum-based dapps and smart contracts. like the ones above.
You can margin trade Ether on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short ETH with leverage.
|Contract||Type||Max Leverage||Price Currency||Margin Currency||Action|
|ETHUSDQ_28Jun||Quanto Futures||100x||USD||USDC||See Market|
Complete details of the futures and perpetual contracts on ETH that are listed on Delta Exchange are available below.
Ether futures are derivative contracts defined on ETH 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.
ETH Quanto Futures contracts are quoted in USD. All margin, Profit/ loss and settlement calculations are denominated in USDC.
ETH Quanto Futures are margined in USDC. This means traders need to have USDC to trade these contracts. The maximum allowed leverage for ETH Quanto Futures contracts is 100x.
The underlying index for ETH Quanto Futures contracts is .DEETHUSD. It is comprised of equal weighted average of ETH/USD price from bitstamp and kraken.
The ETH Quanto 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.
You can directly buy or sell Ether. This is called spot trading of Ether. If you buy low and sell high, you will make profit. However, this trade only works when Ether price goes up. Further, leverage trading is not possible in spot trading.
Ether margin trading through derivatives addresses these shortcomings. The ETH futures and perpetual contracts enable you to go benefit from both up and down move in Ether. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first ETH trade on Delta Exchange:
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.
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.
For any query, feedback, suggestion or business proposals, please write to us at: [email protected]