1. Contract Specification
Nexybit is a trading platform for cryptocurrency. You can trade the future value of Bitcoin long and short with up to 50x leverage to benefit from price swings or to hedge your price risk.
Trading Futures can be advantageous because you are allowed to benefit from price increases as well as declines. You can use financial leverage for hedging price risk associated with low transaction fees.
We currently list futures on the US Dollar price of Bitcoin which comes with quarter maturities(March(3), June(6), September(9), December(12)).
|Instrument Type||Inverse Futures|
|Price Quatation||USD per 1 BTC|
|Maturity(Settlement Month)||Quarter(Mar, Jun, Sep, Dec)|
Futures contracts on Nexybit are written like this; ‘BTC180427’. The first 3 letters represent the name of the base currency. The last 6 numbers represent the date when the futures contract expires(YYMMDD).
2. Inverse Futures
Nexybit introduced the concept of Inverse to convert USD to Bitcoin. It’s because you use Bitcoin to bet on the contract’s price in USD in contrast to using USD to bet on the price of Bitcoin. If you are curious about the concept of Inverse, you can read the full paper here.