Products

Overview

Manage Bitcoin risk with our hourly BTC binary options.

Contract Details

Hourly Bitcoin Range Binary Options

Each option is an hourly-expiring, fully-collateralized, cash-settled binary option on the price of bitcoin, as calculated by the dxFeed Bitcoin Reference Index*, listed for trading at mutually exclusive ranges set by MIAXdx.

For a demonstration of the product, including an interactive explanation of how collateral requirements can offset between different ranges, visit the Trade Simulator.

For the complete product specification, see the Contract Specifications.‍

Contract size

$10 USD

Minimum price fluctuation

$0.01

Price limits

$0.01 to $9.99

Trading hours

MIAXdx exchange is open daily from 9:30 am ET open to 4:00 p.m. ET close, excluding holidays and weekends, unless otherwise designated by the Exchange. The Exchange is closed daily between 4:00 p.m. ET and 9:30 am ET, and on all Saturdays, Sundays and Exchange holidays, as defined on the Exchange holiday schedule here.

Settlement time

Every hour from 10am ET through 4pm ET

Position limits

1,500 contracts per mutually exclusive range, per expiration, per participant

Settlement Index

Devexperts Inc. ("dxFeed") Bitcoin Reference Index (See Methodology)

Trading Fees

See Fee Schedule

*“dxFeed,” “dxFeed Bitcoin Reference Index,” and "dxFeed Real-Time Digital Asset Reference Index" are trademarks of DXFEED SOLUTIONS IE LIMITED and its affiliates d.b.a. dxFeed used under license. The contracts based on these indexes are not sponsored, endorsed, sold, or promoted by dxFeed, and dxFeed makes no representation regarding the advisability of trading in such contracts.