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 firstname.lastname@example.org or by phone at 888.240.7099 to open an account and trade Bitcoin Futures.
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:
Trading futures, options on futures, and forex involves substantial risk of loss and is not suitable for all investors. The use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.
Virtual Currency Disclaimer - Zytrade is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.