Summary

Futures allow taking a leveraged long or short position in an underlying asset.

Crypto Facilities currently lists the following Futures:

  Bitcoin-Dollar Futures Ether-Dollar Futures Litecoin-Dollar Futures Bitcoin Cash-Dollar Futures Ripple-Dollar Futures Ripple-Bitcoin Futures
Ticker FI_XBTUSD FI_ETHUSD FI_LTCUSD FI_BCHUSD FI_XRPUSD FV_XRPXBT
Type Inverse Inverse Inverse Inverse Inverse Vanilla
Contract Size 1 U.S. Dollar 1 U.S. Dollar 1 U.S. Dollar 1 U.S. Dollar 1 U.S. Dollar 1 Ripple XRP
Max Leverage 50x 50x 50x 25x 50x 25x
Maturities Perpetual, Monthly, Quarterly Perpetual, Monthly, Quarterly Perpetual, Monthly, Quarterly Perpetual, Monthly, Quarterly Perpetual, Monthly, Quarterly Perpetual, Quarterly

Contract specifications are described in detail here.

To trade Futures, margin needs to be deposited the in the relevant cryptocurrency. For example, Bitcoin must be deposited to trade Bitcoin-Dollar Futures and Ripple-Bitcoin Futures and Ether must be deposited to trade Ether-Dollar Futures.

Futures come with three maturities:

  • Perpetual: Further details
  • Month: expiring the last Friday* of every month
  • Quarter: expiring the last Friday* of the month on the March quarterly cycle (March, June, September, and December)

Once an instrument reaches maturity, it is cash settled automatically.

Positions can be exited at any time before maturity by trading out of the position.

 

* Friday or day before if the Friday is a UK or US holiday per CME calendar