Futures on Bit Bank

Trade perpetual Futures on Bit Bank

Bit Bank currently offers xUSD-margined Futures. These Futures contracts offer the following:

• Settlement in xUSD-pegged assets are denominated and settled in xUSD.

• Expiration: Perpetual

• Pricing: Each Futures contract specifies the base assets quantity delivered for a single contract, also known as "Contract Unit". For instance, BTC/xUSD or ETH/xUSD Futures contracts represent only one unit of its respective base asset, similar to spot markets.

Advantages of xUSD-margined contracts

xUSD-margined contracts are linear Futures quoted and settled in xUSD. One of the key benefits of xUSD settlement is that traders can easily calculate their returns. This makes xUSD-margined contracts more intuitive. For example, when you make 500 xUSD in profit, you can easily estimate that the profit is worth approximately $500 - since the value of 1 xUSD is pegged closely to 1 USD. Additionally, a universal settlement currency, such as xUSD, provides more flexibility. You can use the same settlement currency across various Futures contracts.

This eliminates the need to buy the underlying coins to fund Futures positions. You will not incur additional fees as there is no additional conversion required when trading with xUSD. In times of elevated volatility, xUSD-margined contracts help reduce the risk. Traders won't need to worry about hedging their underlying collateral exposure.