Contracts

Crypto Valley Exchange Platform will list the following major cryptocurrencies and commodities for trading on CVEX Protocol, catering to diverse trading strategies and risk profiles. The platform is not responsible for the matching or access to the platform, just a provision of a data set.

Each underlying asset is represented by perpetual contracts and expirable futures. Futures contracts are launched monthly, with a three-month lifespan. This scheduling ensures the availability of three active expirable futures at any given time, corresponding to the current month, the following month, and the subsequent month.

We will add longer futures on a quarterly basis as the open interest increases.

The Final Settlement will be on the final Friday of the expiry month. Timing for each instrument will be published, we need to prevent the settlement process causing spikes in activity. It should be noted that there is a final settlement fee for any positions still open at the time of the settlement process, this is detailed in the Fees section. It is explicitly more than the transaction fee to incentivise the closing of positions before the final settlement time, this helps reduce the load on the system at settlement and reduces risk across the whole system.

Options Contracts

Options contracts on Crypto Valley Exchange are aligned with the futures schedule, featuring the same expiration periods. The platform offers a range of strike prices for these options, determined based on the anticipated volatility of the contract. This structured approach to options trading allows traders to engage in various strategies, leveraging the dynamic nature of both futures and options markets. Option strikes can be added at any time, but not removed.

Options contract tick size and notional will be published here before launch.

Crypto Contracts

Cryptocurrency
Notional Size
Min Tick
Min Size (Qty)
Min in tokens

Bitcoin

1

$1

0.001

0.001 BTC

Ethereum

10

$1

0.001

0.01 ETH

BNB

100

$0.5

0.001

0.1 BNB

XRP

10,000

$0.05

0.001

10 XRP

Solana

100

$0.05

0.001

0.1 SOL

Cardano

10,000

$0.005

0.005

50 ADA

TRON

100,000

$0.005

0.001

100 TRX

Chainlink

1,000

$0.1

0.001

1 LINK

Avalanche

1,000

$0.1

0.001

1 AVAX

Polygon

10,000

$0.01

0.001

10 MATIC

Polkadot

1,000

$0.01

0.0025

2.5 DOT

Litecoin

100

$0.05

0.0025

0.25 LTC

Optimism

10,000

$0.05

0.001

10 OP

Arbitrum

10,000

$0.05

0.001

10 ARB

Commodities

The following underlying commodities are expected to be provided for contracts subject to provision of index quality:

  • Crude Oil

  • Gold

  • Silver

  • Natural Gas

  • Copper

All contracts on the platform are priced in USDC, the "dollar" symbol is used for convenience, and the peg is assumed to be perfect in pricing terms. Both settlement and margin requirements are facilitated using USDC.

The trading for these contracts is accessible around the clock, operating 24/7/365. End of Day close will be published at 17.00 UTC, but the market will not actually close.

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