North American Derivatives Exchange, Inc. d/b/a Crypto.com | Derivatives North America has self-certified an exchange which is an event contract for the cryptocurrency Hedera Hashgraph (HBAR) which will be launched by the Exchange on or after May 10, 2024.
The HBAR crypto event contract is almost identical in nature to the BTC Event Contract self-certified by Exchange on April 10, 2023 and the ETH Event Contract also self-certified by Exchange on April 10, 2023.
The HBAR Crypto Event contract includes intraday cryptocurrency contracts in the HBAR cryptocurrency and will be structured in the same manner as the Exchange’s current listed Forex event contracts. Nine warning levels will be created for the HBAR crypto contract. The Expiration Price for the HBAR Event Crypto Contract will be the Index Price as specified in the individual specifications of each Contract.
Like all Exchange Event Contracts, the HBAR Crypto Event Contract will have a settlement payout range of $10 to $100 or a payout of $0.
The HBAR crypto event contract will be listed at 8:00 AM. ET on the Start Date or Expiration of the previously registered Event Contract and will cease trading in accordance with the individual specifications of each Contract.
The Exchange has at least two dedicated market makers committed to providing liquidity for the HBAR crypto contract.
Nadex plans to list the HBAR Cryptocurrency Contracts based on the underlying HBAR Cryptocurrency Commodity Market and settle the HBAR Cryptocurrency 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 on Friday night.