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Trade futures on BTC or leading altcoins with upto 100x leverage.
Bitcoin Futures and Futures on Other Cryptocurrencies
1.When two parties enter into a futures contract, they agree to buy/ sell an asset or security at a pre-fixed price on a selected date in the future.
2.Crypto futures have bitcoin or altcoins (e.g. Ethereum, Ripple, Stellar) as the underlying.
3.The price of a crypto futures changes linearly with the price of the underlying cryptocurrency. Consider trading of a bitcoin futures contract.
4.If price of bitcoin moves up by 10%, ceteris paribus the price of bitcoin futures will also move by 10%. This feature makes trading the bitcoin futures a good alternative to trading bitcoin directly.
5.The same applied to futures contracts which have other cryptos like Ether, Ripple and Bitcoin Cash. Moreover, crypto futures come up: (a) in-built leverage, (b) flexibility of going long or shorting and (c) low transaction costs.
Futures trading on Delta
Delta currently has futures on bitcoin (BTC), Ether (ETH), Ripple (XRP) and Stellar Lumens (XLM). The maximum allowed leverage is 100x for the BTC futures contract. For the rest of the futures contracts, maximum allowed leverage is 20x.
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