Contract definitions for the EMX BTCUSD Futures Contract.
| Underlying Index | EMX BTC Index |
| Contract Size | 1 BTC (Every point move of the contract is equal to $1) |
| Minimum tick size | 0.5 |
| Initial Margin | 1.00% + 0.50% per 100 BTC increase in position size (100x max leverage) |
| Liquidation Level | 50% of Initial Margin |
| Settlement | Cash settled using the 30 minute time weighted average price of the underlying index at expiration |
| Mark Price Band | 2.5% |
| Expiration | 12:00 UTC on the last day of the expiration month |
| Fees | Taker fee of 0.075%. Maker rebate of 0.03%. Liquidation fee of 0.25%, which is added to the insurance fund |
| Position Limit | 1,000 Contracts |
| Price protection | +- 5% for Market Orders; +6% for Buy Limit Orders; -6% for Sell Limit Orders |
| Trading Hours | 24 hrs/day, 7 days/week, 365 days/year (excluding maintenance) |
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