Contract definitions for the BTC/USDT Spot Contract.
A Spot Contract allows for the trading and exchange of one contract for another. The price is defined to be how many of the Quote Currency is needed for 1 Base Currency. For example, a price of 9200 means 9200 USDT can be exchanged for 1 BTC.
If selling an BTC-USDT contract, one needs to have that much BTC deposited in their account. If buying, one needs enough USDT.
Contract specifications
| Base Currency | BTC |
| Quote Currency | USDT |
| Minimum tick size | 0.01 |
| Fees | Taker fee of 0.1%. Maker rebate of -0.03%. Fee discounts for Volume and EMX holdings are described here. |
| 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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