Futures contracts allow traders to bet on the future price of Bitcoin. On Alpha5, these are ‘inverse futures’, and settle in Bitcoin (not Dollars) upon expiration.
2-3 quarterly futures will be continuously available for trading on Alpha5.
These futures will settle on the last Friday of the expiration month at 08:00 UTC. Settlement price will be determined by a 30-minute TWAP from 07:30 to 08:00, with observations taken every minute.
|Underlying Index||A5XBT Index|
|Symbol||Month Code (Mar, Jun, Sep, Dec). Other TBD|
|Contract Size||1 USD|
|Price Quotation||US Dollars per 1 BTC|
|Expiration||Last Friday of the expiration month at 08:00 UTC.|
|Fees||0bps Maker. 5bps Taker.|