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