What are the contract specifications for digital currencies?

3 answers

• Nov 23, 2021 · 3 years ago
  Contract specifications for digital currencies outline the terms and conditions that govern their trading. These specifications typically include details about the size of the contract, the minimum price fluctuation, and the settlement method. For example, a contract specification for Bitcoin may state that each contract represents 1 Bitcoin, with a minimum price fluctuation of $10 and settlement in cash. These specifications help ensure standardization and transparency in the trading of digital currencies.
  512256
• Nov 23, 2021 · 3 years ago
  When it comes to contract specifications for digital currencies, it's important to consider factors such as contract size, tick size, and settlement method. Contract size refers to the amount of the digital currency represented by each contract, while tick size represents the minimum price fluctuation. Settlement method determines how the contract is settled, whether in cash or physical delivery of the digital currency. These specifications vary across different exchanges, so it's essential to review the specific terms and conditions provided by each exchange before engaging in digital currency trading.
  610204
• Nov 23, 2021 · 3 years ago
  At BYDFi, the contract specifications for digital currencies are designed to provide traders with a clear understanding of the terms and conditions associated with trading. Our contract sizes are standardized to represent specific amounts of digital currencies, and the tick sizes ensure that price fluctuations are captured accurately. Settlement is done in cash, allowing for seamless transactions. It's important to note that contract specifications may vary across different exchanges, so it's always a good idea to review the terms and conditions of the exchange you're trading on.
  586147