Bitcoin Monthly Futures

Cryptocurrency has gained much traction among investors, showing signs of wider scale adoption. Bitcoin, being the first cryptocurrency, remains one of the most popular and valuable digital asset, despite the ever growing legion of cryptocurrencies.

APEX Bitcoin Monthly Futures Contract allows you to manage your risk in cryptocurrencies and gain valuable exposure in this growing asset class. It provides diversification to trading portfolio for institutional clients and, being a futures contract, it can act as a risk minimization instrument to help your portfolio withstand price volatility in cryptocurrencies.

Note: This product is not suitable for retail investors as the underlying asset has much higher price volatility compared to other asset classes. Hence, please approach APEX’s members for them to assess your suitability to trade this product.

APEX Bitcoin Monthly Futures Contract Specifications
Contract Code BTC
Contract Size 50 milliBitcoin/lot (0.05 BTC = 50 milliBitcoin)
Quote Currency USD
Minimum Price Fluctuation US $0.005/milliBitcoin
Tick Value US $0.25
Contract Series Nearest 6 consecutive months
Trading Hours  Singapore time trading sessions:
Monday – Friday, including Singapore Public Holidays

T Session:

06:55hr – 06:59hr (Pre-opening session)
06:59hr – 07:00hr (Opening match session)
07:00hr – 18:00hr (Day session)

T+1 Session:

19:25hr – 19:29hr (Pre-opening session)
19:29hr – 19:30hr (Opening match session)
19:30hr – 05:30hr (Night session)

T stands for a given Trading Day. The end of the Day Session is the end of T.

Last Trading Day The Last Trading Day of a Contract shall be the last Friday of the Contract Month
Daily Price Limit Unless otherwise prescribed by the Exchange, there shall be no daily price limits.
Daily Settlement Price The Daily Settlement Price of a given day shall be the volume-weighted average of the traded prices of all transactions occurred during the last minute of the given day’s Day Session, or other methodology as set forth by the Clearing House. The Daily Settlement Price shall be rounded to the nearest US $0.005/milliBitcoin.
Final Settlement Price The Final Settlement Price shall be equal to Compass Crypto Reference Index Bitcoin (CCRIBTC) Price published by Compass Financial Technologies SA (“Compass”) at 18:00hr (GMT+8) on the Last Trading Day. The Final Settlement Price shall be rounded to the nearest US $0.005/milliBitcoin.
Settlement Method Cash Settlement in USD
Block Trade Minimum 20 lots
Initial Margin Based on SPAN (Click to see Margin Schedule)
Maximum Order Size 500 lots