Nadex self-certifies HBAR Cryptocurrency Event Contracts

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North American Derivatives Exchange, Inc. d/b/a Crypto.com | Derivatives North America has self-certified a swap, which is an event contract on Hedera Hashgraph (HBAR) cryptocurrency, which will be launched by the Exchange on or after May 10, 2024.

The HBAR Crypto Event Contract is nearly identical in nature to the BTC Event Contract that was self-certified by the Exchange on April 10, 2023, and the ETH Event Contract that was also self-certified by the Exchange on April 10, 2023.

The HBAR Crypto Event Contract includes Intraday Cryptocurrency contracts on the cryptocurrency HBAR and will be structured in the same way as the Exchange’s currently listed event contracts for Forex. Nine strike levels will be generated for the HBAR Crypto Event Contract. The Expiration Value for the HBAR Crypto Event Contract will be the Index Value as specified in each Contracts’ individual specifications.

Like all the Exchange Event contracts, the HBAR Crypto Event Contract will have a settlement payout range from $10 to $100, or a payout of $0.

The HBAR Crypto Event Contract will be listed at 8:00AM ET on the Start Date, or at the Expiration of the previously listed Event Contract and will cease trading pursuant to each Contracts’ individual specifications.

The Exchange has at least two dedicated market makers who are committed to providing liquidity for the HBAR Crypto Event Contract.

Nadex plans to list the HBAR Crypto Contracts based on the Underlying HBAR cryptocurrency commodity market and settle the HBAR Crypto Contracts using data from the “Lukka Data Feed (“LDF”’), distributed by Lukka Inc.

Trading in the HBAR Crypto Event Contract will begin at 11:00 pm ET Friday evening.



This article was originally published by a fxnewsgroup.com

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