What are the futures?
BitMake lists futures on many coins including BTC, ETH, EOS, XRP, and USDT.
What makes them different from other futures?
The futures listed on BitMake differ from other major cryptocurrency futures in the following ways:
- BitMake futures are stablecoin settled: you deposit stablecoins as collateral for all of the futures, and your PNL is settled in stablecoins. This means that you get legitimate USD-based price exposure and settlement, without needing a bank account; you can also use the same base currency as collateral for all of the contracts, making it easy to shift your positions around.
- BitMake futures have careful, measured margin calls to avoid large price dislocations.
How do I post collateral?
Collateral for the futures is in stablecoins.
To deposit or withdraw collateral, go to your wallet page and deposit either USDC. Depositing will credit your account with 'USD', which is automatically used as collateral for all of your futures trades.
By default all margin is posted in 'USD' in your wallet.
See Non-USD Collateral for more details.
By default all positions use the same collateral pool, and all USD, non-USD fiat, and above cryptocurrencies in your wallet count as collateral. Each subaccount has separate margin and collateral from other subaccounts.
If you want to use isolated margin create a subaccount for that position and move in collateral.
How much leverage can I use?
BitMake supports up to 20x leverage. You can adjust your maximum leverage on the settings page. Note that the maximum allowable leverage on BitMake is lower for large positions.