How do LedgerX mini futures work?
- How do LedgerX mini futures work?
LedgerX mini futures enable you to enter into a contract to buy or sell bitcoin at an agreed upon price at a future date - but the price is set when you enter into the contract. The full contract specifications for LedgerX mini futures are available here.
Long futures position: Post amount in USD (e.g. Long 100 contracts, post USD)
Short futures position: Post Bitcoin (e.g. Short 100 contracts, post 1 BTC)
- How does settlement work for LedgerX bitcoin mini futures?
LedgerX futures contracts are physically settled and expire at 5pm ET on the expiration date. The final settlement price is the original trade price. Account balances are updated at settlement.
Futures contract buyers receive bitcoin and futures contracts sellers receive US dollars at settlement.
Long futures position: Receives bitcoin
Short futures position: Receives US dollar