Futures Trading Rules

1. Terms and Definitions

Order Book – a list of limit orders to buy or sell Virtual Assets.
Price/Rate – the value of one unit of a Virtual Asset.
Limit Order – an order with a fixed volume placed to buy or sell Virtual Assets at a specified price.
Maker – a participant in a transaction on the Platform who offers the trade conditions.
Taker – a participant in a transaction on the Platform who accepts the offered trade conditions.
Order Direction – a parameter defining whether an order represents a buy or sell of Virtual Assets.
Volume – the quantity of Virtual Assets the User intends to buy or sell.
Buyer – a participant purchasing Virtual Assets on the Platform.
Seller – a participant selling Virtual Assets on the Platform.
Market Order – an order placed to buy or sell Virtual Assets at the best available price from the current Order Book.
Futures Contract – a standardized agreement to buy or sell an underlying asset in the future under the conditions specified by the contract.
Perpetual Contract – a futures contract with no expiration date that provides for periodic settlements between parties.
Expiration Date – the date when trading in the contract ends and obligations are settled.
Margin – collateral required to open and maintain a position.
Initial Margin – the minimum margin required to open a position.
Maintenance Margin – the minimum margin below which liquidation occurs.
Leverage – the ratio of the position size to the margin amount.
Mark/Index Price – the price used by the Platform to calculate margin, profit/loss, and contract settlements.
Margin Mode – a method of margin calculation (e.g., cross margin).
Position Mode – accounting method: netting or hedge.
Liquidation – forced closure of a position due to insufficient margin.
Trading Pair – a combination of two assets traded on the exchange showing the price ratio of one asset to another.
Fees – charges for trades, settlements, and other operations according to the Platform’s fee schedule.
Position – an open obligation of the User under a futures contract.
Long Position – an obligation to buy the underlying asset in the future.
Short Position – an obligation to sell the underlying asset in the future.
Funding – periodic settlements between long and short position holders in perpetual contracts to align contract prices with the market.
Attached TP/SL (Take Profit / Stop Loss) – linked orders that automatically close a position (fully or partially) when predefined profit or loss levels are reached.
Reduce Only – an order attribute ensuring that execution only reduces or closes a position but does not increase it.
Trigger Order – an order that activates once the trigger price is reached and is then placed as a limit or market order based on chosen parameters.

2. General Provisions

2.1. These Rules are an integral part of the Platform’s agreements and policies and apply to all futures operations.
2.2. The User confirms that they have read and agreed to these Rules prior to trading.
2.3. Access to futures trading may require separate risk acknowledgment and/or a knowledge assessment.
2.4. The Platform may introduce or modify limits, trading modes, and margin requirements at any time to manage risk.
2.5. In extraordinary situations, the Platform may temporarily suspend trading, settlements, and/or liquidations until system stability is restored.

3. Contract Types and Specifications

3.1. Perpetual Contracts – have no expiration date and support a mechanism of periodic settlements.
3.2. Basic Specifications – for each contract, the Platform publishes parameters (contract size, price tick, available leverage, trading hours, settlement rules, etc.).
3.3. Margining – contracts may be margined in the base asset or settlement currency, as specified in the contract details.

4. Access and Account Requirements

4.1. Access to futures trading is provided subject to the Platform’s requirements (verification, account security, etc.).
4.2. The Platform may restrict access or functionality based on jurisdiction, account status, risk profile, or other factors.
4.3. A futures account is activated by transferring funds or virtual assets from the User’s spot wallet to a separate futures wallet. Futures trading is only possible when there are funds in the futures wallet.

5. Orders and Execution (Futures)

5.1. The Platform supports, at minimum, Limit, Market, and Trigger Orders. Additional order types (Stop, Post-Only, Iceberg, etc.) may be introduced and described in the specifications.
5.2. Placing an order may reserve margin or funds as determined by the Platform’s risk management rules.
5.3. Orders are executed according to the priority and matching logic adopted by the Platform. Partial execution is possible.
5.4. An order may be canceled before execution unless restricted by the order type or market conditions.
5.5. When a Limit Order matches the best opposite quote, an immediate trade may occur.
5.6. During periods of high volatility or special trading modes, the Platform may temporarily restrict certain order types and/or introduce price limits.

6. Opening, Modifying, and Closing Positions

6.1. A position is opened when an order to buy (long) or sell (short) a futures contract is executed.
6.2. Increasing or decreasing a position occurs through subsequent trades on the same instrument.
6.3. A position is closed by placing an opposite order or during settlement (expiration, liquidation, special procedures, or order cancellation).

7. Margin, Leverage, and Collateral Requirements

7.1. Opening a position requires initial margin; maintaining it requires maintenance margin. Specific levels are determined by the Platform.
7.2. Maximum leverage is set by the Platform and may depend on the instrument, position size, market conditions, and risk profile.
7.3. The Platform reserves the right to dynamically change margin requirements and/or restrict position increases, including by instrument groups or user categories.
7.4. Insufficient margin may result in forced position reduction, partial, or full liquidation.

8. Fees and Charges

8.1. The Platform charges fees for trades, settlements, liquidations, and other operations according to its current fee schedule.
8.2. Canceling a non-executed Limit Order does not incur a fee unless stated otherwise in the fee policy.
8.3. The Platform may change fees, with notice and effective dates governed by the Platform’s fee policy.

9. Risks

9.1. Futures trading carries a high level of risk and may lead to partial or total loss of margin.
9.2. The User is solely responsible for risk management, including leverage selection, use of stop orders, position sizing, and volatility monitoring.
9.3. Technical risks (delays, slippage, service unavailability) may affect order execution and settlements.
9.4. The User is responsible for understanding applicable legal and tax implications in their jurisdiction.