This article sets out the Perpetual Contract Product Specifications that apply to the specific MAGICUSD Perpetual Contract. You should read this in conjunction with these FAQs and the Addendum.
MAGICUSD Perpetual Contract is settled in USDC. In addition, USDC can be used for deposits and withdrawals. Crypto.com may permit other stablecoin Virtual Assets to settle the MAGICUSD Perpetual Contract in the future.
Symbol | MAGICUSD-PERP |
Contract Maturity | Not Applicable |
Underlying | Crypto.com MAGICUSD Index |
Product Type | Futures |
Contract Size | 1 MAGIC (1 USD per index point) |
Min Order Qty | 1 MAGIC |
Max Order Qty | Subject to the exposure limit |
Min Tick Size | 0.0001 USD |
Margin Policy | Smart Cross Margin |
Trading Bandwidth | Aggressive bandwidth : +/-5% of MarkPrice Passive bandwidth : +/-50% of MarkPrice |
Exposure Limit Weight | 5 |
Maximum Leverage | 50x |
Fair Impact Size | 300 MAGIC |