Inverse contracts are being delisted on October 30 — all BTC, ETH, LTC and XRP inverse contracts settle at 16:00 UTC against CME CF reference rates. Move remaining collateral to your spot wallet; anything left after November 15, 08:00 UTC transfers to spot automatically. Linear contracts unaffected.
The MTF offers trading with distinct collateral wallet types depending on the contracts being traded.
The main differences are:
• Cross & Isolated Margin
• Collateral Currencies
• Profit & Loss Currencies
| Inverse Contracts | Linear Contracts | Options Contracts | |
| Available Contracts | Perpetual and fixed maturity | 200+ perpetual and fixed maturity | Weekly, monthly, quarterly, and semi-annually |
| Collateral Currencies | BTC, ETH, LTC, XRP | USD | USD |
| Underlying Asset Types | Crypto | Crypto, xStocks, Equities, Indices, and Commodities | Linear futures contracts |
| Risk Management | Up to 50x leverage One margin wallet per collateral currency Cross margin across different maturities of the same asset only |
Up to 100x leverage One wallet for all collateral currencies Trade any contract with any or all collateral currencies Cross margin across all collateral currencies by default Isolated margin mode to restrict risk Withdraw Unrealised Profit while keeping the position open |
Portfolio Margining Portfolio Auction Mechanism |
| Contract Value | USD denominated: 1 contract = $1 USD | Coin denominated: 1 contract = 1 unit of cryptocurrency See contract specifications for decimal precision | Coin denominated: 1 contract = 1 unit of cryptocurrency See contract specifications for decimal precision |
| Contract Types | Fixed & Perpetual | Fixed & Perpetual | Fixed maturity |
| Contract Specs | Inverse Contract Specifications | Linear Contract Specifications | Options Contract Specifications |
| Fees |
Maker-taker trading fees Funding rate for Perpetual contracts |
Maker-taker trading fees Liquidation fees Funding rate for Perpetual contracts |
Same fee structure as Linear contracts, based on notional but capped at 12.5% of the premium paid |
| Profit Settlement | Settled in contract’s collateral currency (e.g. BTC for BTC/USD) | Settled in USD | Settled in USD |