BTC options configuration

The reference configuration for the BTC Dated Options contract:

Parameter	Value
Product type	Dated European Option
Symbol format	BTC-USD-{Expiry}-{Strike}-{Type}
Base currency	BTC
Quote currency	USD
Settlement currency	USDC
Settlement time	08:00 UTC
Price tick size	0.01 USD
Order size increment	0.001 BTC
Minimum order value	20 USD
Maximum order size	100 BTC
Maximum open orders	150
Position limit	1000 BTC
Spot band factor	30%
IV band factor	30%

Margin Configuration

Cross Margin Requirements — cross-margin IMR/MMR parameters for trading options
Portfolio Margin — portfolio-level risk evaluation for reduced margin on hedged portfolios