Trade Bitcoin Futures at ZY Trade
Bitcoin—the first cryptocurrency—has become one of the most prominent, most dynamic, and most volatile financial instruments of 2017. It is also the first cryptocurrency to be traded as a futures contract.
Contact us now by email at team@zytrade.com or by phone at 888.240.7099 to open an account and trade Bitcoin Futures as it launches next week.
CBOE Bitcoin Futures
- Contract Value = $15,606.00
- Price Fluctuation = $1.00 per Bitcoin
- Initial Margin = $6,866.64
As this is a new contract, with a highly volatile underlying contract, ZY Trade will initially be setting the following Margin Requirements:
Day Trade Margins 7:00am CT – 4:00pm CT – 100% of Exchange Initial Margin
Overnight Margins 5:00pm CT – 7:00am CT – 125% of Exchange Initial Margin
- An account must have 125% of margin to carry the trade overnight, or the account may be liquidated.
- Max Position limit per account – 5 contracts
CME Bitcoin Futures
- Contract Value = $56,461.95
- Price Fluctuation = $5.00 per Bitcoin
- Initial Margin = $19,761.68
As this is a new contract, with a highly volatile underlying contract, ZY Trade will initially be setting the below Margin Requirements:
Day Trade Margins 7:00am CT – 4:00pm CT – 100% of Exchange Initial Margin.
Overnight Margins 5:00pm CT – 7:00am CT – 150% of Exchange Initial Margin.
For more news and insights on Bitcoin, blockchain, and other cryptocurrencies:
- Join our free weekly newsletter: send us an email at info@zytrade.com
- Check out our Blog page
- Check out our Blockchain News page
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