Stellar Lumen Futures on Delta Exchange - Delta Exchange

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Trading Stellar Lumens Futures on Delta Exchange

Stellar Lumen (XLM) is one of the top ten cryptocurrency by market capitalisation and by daily traded value. Stellar Lumen is a strong competitor of Ripple (XRP) and is also used by many financial institutions for cross border transactions. The settlement on XLM chain are fast and costs much less than other cryptocurrencies. XLM also offers facility to develop and render smart contracts on its blockchain. This has made lumen the platform of choice for many developers.

Delta Exchange has the following XLM 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 XLM contracts listed on Delta Exchange here.

XLM futures currently available:

Contract Symbol Last Price 24 hr Change 24 hr Volumes

Margin currency
Margin currency is the currency in which the margin for a futures contract is allowed. The margin currency for XLMBTC_29Mar contract is BTC

Underlying for XLM Contracts on Delta Exchange
The underlying for XLM futures contract on Delta Exchange is XLM/BTC price on Binance

How are XLM contracts quoted on Delta Exchange?
XLM Futures contracts XLMBTC_29Mar are quoted in BTC

Settlement for XLM futures
The XLM futures settle on the expiry data at the last 30 minute TWAP of the underlying price.
XLMBTC_29Mar futures expire on 29-Mar-2019 12:00 pm

Max Leverage Allowed for XLM futures:
The maintenance margin for XLM contracts is 5%. The max leverage for these contracts is 20x.

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 XLM decides the max-leverage for the contract. For example, a contract with 2.5% initial margin will offer upto 40x leverage and vice versa. With 25x max-leverage the trader will be required to post an initial margin of 4%.

The maker and taker fee for XLM futures is:
Maker Fee: -0.0005
Taker Fee: 0.0025

More information about futures trading is available in reference section here.