Chapters
Chapters

USD Coin US Dollar Spot

TermValue
Product NameUSD Coin US Dollar Spot
Product CodeUSDCUSD
Contract Size0.00000001 USDC (USD Coin)
Price QuotationUS Dollars per USDC
Tick Size$0.0001 per USDC
Tick Value$0.000000000001 per contract
Price Band Variation+/- 2.5% of the BBO midpoint
Price Limit+/- 50% from previous session price
Position LimitLong 1,500,000,000,000,000 contracts (15000000 USDC) / Short 1,500,000,000,000,000 contracts (15000000 USDC)
Reportable Position Level750,000,000,000,000 contracts (7500000 USDC)
Market Hours24 hours per day, 7 days per week, subject to Rule 501
Contract Listing & TerminationRule 502 & Rule 514
Settlement MethodDeliverable - Rule 813 & Chapter 11; positions below the De Minimis Delivery Threshold are Cash Settled
De Minimis Delivery Threshold$0.50
Settlement PriceRule 509 & Chapter 11
Accepted Order TypesLimit, Market, Stop Loss, Stop Loss Limit, Take Profit, Take Profit Limit, Trailing Stop, Trailing Stop Limit, Iceberg

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