March 16, 2018

Announcing New Maturity Schedule

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As of 16th March 2018, we are making several changes to our Futures maturity schedule and contract specifications to improve the trading experience and pool liquidity.

In summary:

  • Going forward, a weekly, monthly and quarterly Futures contract is listed at any time and for all currency pairs
  • Last Trading days are Fridays for weekly contracts and the last Friday of the month/quarter for monthly/quarterly contracts
  • XBT:USD Turbos are phased out in order to pool liquidity with XBT:USD Futures
  • Leverage changes from 6x to 50x for XBT:USD Futures and from 6x to 20x for XRP:USD and XRP:XBT Futures
  • Newly listed Futures settle on the following indices (90 seconds after Last Trading):
  • XBT:USD Futures: the CME CF Bitcoin Reference Rate (BRR)
  • XRP:USD Futures: the (RRR)
  • XRP:XBT Futures: the (RRR_XBT)
  • Real-time margining is based on the corresponding real-time indices (BRTI), (RRTI) and (RRTI_XBT) which tick every second

We have made these changes to improve the trading experience in several ways:

  • Last Trading times and settlement prices are aligned with important markets such as CME Group
  • At any time, a weekly, monthly and quarterly Futures contract will be available to trade and roll into
  • XBT:USD maturities are reduced from 6 to 3 to pool liquidity
  • The time period between Last Trading and settlement is reduced from 2 hours to 90 seconds

Therefore:

  • No further XBT:USD Turbos are listed. Turbos are phased out after after Last Trading of the 23 March contract
  • No 30 March and 14 September contracts are listed. Instead, 27 April contracts are listed (“monthly”)

Notes:

  • Outstanding 15 June contracts will be classified as “quarterly”, and no additional 29 June contracts will be listed
  • Ticker symbol syntax remains unchanged such that API interaction is unaffected

Read the new contract specifications here

Please reach out to [email protected] if you have any comments or questions.

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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.