最近社交平台上有很多人在展示他们的期货投资成果，几分钟就能赚取20%以上的利润。这让很多新手摩拳擦掌，准备投入期货市场实现财富梦想。今天，我们就来讲讲数字货币合约，帮助你全面了解这个领域。
A lot of people on social platforms have been showing their futures investments recently, making more than 20% of the profits in a few minutes. This has allowed many newcomers to rub their hands in the futures market to realize their wealth dreams. Today, let's talk about digital money contracts, helping you get a full picture of the field.
数字货币合约类似传统金融市场中的期货，但名称不同。简单地说，买卖双方签署一份标准合同，约定在未来某一特定时间、价格和其他条件下，交付一定数量的数字货币。
Digital currency contracts are similar to futures in traditional financial markets, but under different names. Simply put, buyers and sellers sign a standard contract to deliver a certain amount of digital currency at a particular time, price, and other conditions in the future.
目前市场上的期货交易均采用现金差价结算方式，而非实物交割。这意味着期货交易并不需要真实持有相应的数字货币，因此交易所有很大的操作空间，期货也无法真正影响市场。
Futures transactions in the current market are settled by cash differentials rather than by physical delivery. This means that futures transactions do not require the real holding of the corresponding digital currency, so the exchange has a great deal of room to operate and futures do not really affect the market.
根据交割方式的不同，合约可分为永续合约和定期合约。定期合约又有三种类型：当周合约、次周合约和季度合约。
There are three types of fixed-term contracts: week contracts, week contracts and quarterly contracts.
目前市场上提供数字货币合约交易的交易所主要有OKEx、火币、BitMEX以及传统金融市场交易所如CME和CBOE。需要注意的是，并不是所有的交易所都提供相同的交易合约，例如CME和CBOE只提供比特币合约交易。
The exchanges where digital currency contracts are offered in the market today are mainly OKEx, Coal, BitMEX, and traditional financial market exchanges, such as CME and CBOE. It is important to note that not all exchanges offer the same deal, such as CME and CBOE, which offer only bitcoin contracts.
二、合约的构成要素一张完整的合约通常包括以下九个元素，具体数值可能因交易所而异。以下以OKEx为例：
A complete contract usually includes the following nine elements, the values of which may vary from exchange to exchange.
1. 合约标的：美元指数或其他币种
1. Contract subject matter: United States dollar index or other currency
2. 合约乘数：每点1美元
Contract multiplier: $1 per point
3. 报价单位：指数点
3. Quote units: index points
4. 合约价值：BTC：100美元；其他币种：10美元
Contract value: BTC: $100; other currency: $10
5. 交割方式：现金差价交割
5. Handouts: cash differentials
6. 手续费率：详细信息请参考交易所说明
6. Process rates: For more detailed information, please refer to the exchange.
7. 最后交易时间：到期当周星期五下午4点
7. Last transaction time: Friday, Friday, due at 4 p.m.
8. 最小变动价位：BTC/BSV：0.01点；其他币种：0.001点
8. Minimum variation: BTC/BSV: 0.01; other currencies: 0.001
9. 最低交易保证金：10倍杠杆（10%保证金）、20倍杠杆（5%保证金）
Minimum trading bond: 10 times leverage (10 per cent bond), 20 times leverage (5 per cent bond)
合约指数是期货交易所根据不同主流交易所的现货行情，采用不同的权重计算得出的。目前OKEx使用的权重指数交易所包括Bitstamp、GDAX、Gemini和Kraken，而Bitfinex已被移除。
The contract index is calculated by futures exchanges using different weights based on the performance of different mainstream exchanges. The weight index exchange currently used by OKEx includes Bitstamp, GDAX, Gemini and Kraken, and Bitfinex has been removed.
三、合约的交易方式合约交易有两种形式：开多（看涨）和开空（看跌）。期货引入了做空机制，比如当前比特币价格为1万美元，若预期其会下跌，可选择适当的杠杆倍数进行做空，当价格下跌到一定程度时卖出合约即可盈利。反之亦然。
Contract transactions take two forms: more open (supplier) and more empty (supplier). Futures introduce empty mechanisms, such as the current $10,000 price in bitcoin, which, if expected to fall, can be emptied with the appropriate leverage multipliers, which are profitable when prices fall to a certain level.
爆仓是指投资者判断错误，一直亏损。当合约保证金率低于10%（10倍杠杆）或20%（20倍杠杆）时，系统将会自动平仓，也就是常说的“爆仓”。
An explosion is an investor’s miscalculation and a constant loss. When the contractual bond rate is less than 10 per cent (10 times leverage) or 20 per cent (20 times leverage), the system will automatically level out, often referred to as a “shockhouse”.
四、合约的作用合约主要有两大功能：以小搏大和风险管理。以小搏大的概念容易理解，即通过杠杆放大收益。而利用合约进行风险管理的人群主要是矿工，风险管理原理如下：
The contract has two main functions: small scale and risk management. A small scale concept is easy to understand, i.e. leveraging gains.
1. 如果BTC价格上涨，期货可能会亏损，BTC数量减少，但总价值基本不变。
If the BTC price rises, futures may lose and the number of BTCs decreases, but the total value remains essentially the same.
2. 如果BTC价格下跌，期货则可能盈利，BTC数量增加，总价值仍然不变。
If BTC prices fall, futures may be profitable, and the number of BTCs has increased and the total value remains unchanged.
请注意，合约市场是个高风险市场，加杠杆的同时也会相应地放大收益和风险。此外，人性的贪婪、恐惧、鲁莽等因素也可能被放大。因此，对于非专业人员来说，参与合约交易需格外谨慎。
Note that the contract market is a high-risk market that leverages both gains and risks. In addition, human greed, fear, recklessness may be magnified.
以上就是关于数字货币合约的基础知识，如果你还有其他问题，请在评论区提问。
This is the basic knowledge of digital currency contracts, and if you have other questions, please ask them in the comment area.
注册有任何问题请添加 微信：MVIP619 拉你进入群
打开微信扫一扫
添加客服
进入交流群
发表评论