October 23, 2017

Announcing Inverse Futures

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On 29 October 2017, 9 am UTC, we are pushing a platform update that changes some characteristics of our Futures, Turbos and Indices in order to enable smaller trade sizes, boost liquidity and provide a smoother trading experience:

  • all USD-denominated Futures and Turbos are re-listed as inverse contracts
  • the contract size of XBT:USD contracts changes from 1 bitcoin to 1 USD
  • the contract size of XRP:USD contracts changes from 10,000 XRP to 1 USD
  • the contract size of XRP:XBT contracts changes from 10,000 XRP to 1 XRP
  • the XRP indices change from representing 10,000 XRP to 1 XRP
  • tick sizes are adjusted to 4 relevant digits

Please review the detailed description of the changes here.

On the day of the update,

  • all open orders are cancelled
  • all open positions are converted into the new contract types

The change does not affect your profit or loss if you have open positions at the time of the change.

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Crypto Facilities is a group of companies which is in turn a member of the Payward, Inc. group of companies. Payward, Inc. is the owner and operator of the Kraken Exchange, a venue that facilitates the trading of cryptocurrencies.

Crypto Facilities Ltd is authorised and regulated by the Financial Conduct Authority (FRN 757895) and registered in England with registered number 9172128 and registered office at 6th Floor, One London Wall, London, United Kingdom, EC2Y 5EB.