Thalex offers options, perpetuals and futures contracts with Bitcoin (BTC) and Ethereum (ETH) as the underlying. Thalex also offers roll instruments, which are tradable combinations to simultaneously buy and sell a perpetual and a future or two futures with the same underlying.
Contracts listed on Thalex have been designed with the trader in mind. As a result, our contracts may differ from those offered by other major cryptocurrency derivatives exchanges. The key features include:
- Contracts are settled in the settlement coin (USDt). There is no physical settlement of the underlying.
- Positions in any of the Thalex contracts are supported by one universal multi-collateral pool, consisting of any combination of the eligible collateral assets.
- Accounts on Thalex use portfolio margin for optimal capital efficiency, as margin requirements are reduced for hedged positions.
- Combinations of futures and perpetuals can be traded through our future roll instruments, allowing futures spreads to be traded in one order.
- Exotic combinations can be traded through our RFQ functionality, allowing multi-leg options and/or futures strategies, in any size.
Please see our Contract Specifications for more information.