We are excited to announce the launch of two new USDT-margined futures contracts: XRPUSDT and ETCUSDT. Trading for these contracts begins at 15:00 (HKT) on December 4.
This expansion offers traders more opportunities to engage with major digital assets using the stability of USDT as margin and settlement currency. Below are the full contract specifications and key operational details.
XRPUSDT Futures Contract Specifications
| Feature | Details |
|---|---|
| Underlying | XRP/USDT Index |
| Settlement Coin | USDT |
| Contract Unit | 1 XRP |
| Leverage | 0.01x — 33.3x |
| Price Quotation | USDT price for 1 XRP |
| Tick Size | 0.0001 |
| Trading Hours | 24/7 |
| Contract Expirations | Weekly, Bi-weekly, Quarterly |
| Delivery Time | 16:00 (HKT) on the Friday of expiry |
| Settlement Time | Daily at 16:00 (HKT) |
ETCUSDT Futures Contract Specifications
| Feature | Details |
|---|---|
| Underlying | ETC/USDT Index |
| Settlement Coin | USDT |
| Contract Unit | 0.1 ETC |
| Leverage | 0.01x — 33.3x |
| Price Quotation | USDT price for 1 ETC |
| Tick Size | 0.001 |
| Trading Hours | 24/7 |
| Contract Expirations | Weekly, Bi-weekly, Quarterly |
| Delivery Time | 16:00 (HKT) on the Friday of expiry |
| Settlement Time | Daily at 16:00 (HKT) |
Benefits of Trading USDT-Margined Futures
These new contracts offer several advantages for modern traders:
- Stable Margin Denomination: Using USDT eliminates the need to manage margin in volatile base currencies, simplifying risk management.
- Cross-Collateralization: USDT held in your account can serve as margin for multiple different futures contracts, improving capital efficiency.
- Straightforward P&L Calculation: Profits and losses are calculated and paid in USDT, making it easier to understand your financial outcomes.
The existing lineup of USDT-margined futures already includes major cryptocurrencies like BTC, ETH, EOS, LTC, and BCH. 👉 Explore more trading strategies to diversify your portfolio approach.
Platform Availability and Future Listings
Initially, these new XRP and ETC contracts will be available for trading on the PC platform. Support for mobile app trading is planned for a near-future release.
We are committed to expanding our offerings and will continue to list new contracts for popular assets, including TRX and BSV, in the coming months.
Frequently Asked Questions
What are USDT-margined futures contracts?
These are futures contracts where the margin requirement, profit, and loss are all denominated in USDT (Tether). This provides a stable unit of account, unlike coin-margined contracts where the margin currency itself can be volatile.
What leverage levels are available for these new contracts?
Both the XRPUSDT and ETCUSDT contracts support flexible leverage from a minimum of 0.01x up to a maximum of 33.3x. Traders can adjust their leverage level based on their risk appetite.
How often do these futures contracts settle?
The contracts undergo a daily settlement process at 16:00 HKT to realize any gains or losses. The final settlement and delivery occur at 16:00 HKT on the contract's expiry Friday.
What contract expiry types are offered?
Traders can choose from three durations: weekly (expiring that Friday), bi-weekly (expiring the following Friday), and quarterly (expiring at the end of a calendar quarter).
When will mobile trading be supported?
While the contracts launch first on the PC platform, full mobile trading support for these new instruments is under active development and will be released soon.
Are there plans to add more cryptocurrencies?
Yes, the expansion of our futures offerings is ongoing. Additional major cryptocurrencies are scheduled to be added to the USDT-margined futures lineup in the future.