In order to cover dynamically growing crypto derivatives markets, we made a decision to change the naming convention for perpetual swaps, futures, and options.
Starting from October 01st, 2021, the new schema will be in effect in both NY4 and LD4 locations.
The new schema will follow next rules:
security_type:base-asset:quote-asset
| Security Type | Base Asset | Quote Asset | Example |
|---|---|---|---|
| PERP Perpetual Swap | BTC-PERP | BTC USDT | PERP:BTC-PERP:BTC PERP:ETH-PERP:USDT |
| FUT | BTC-25MAR22 | BTC | FUT:BTC-25MAR22:BTC |
| OPT | BTC-29JUL21P40000 | USDT | OPT:BTC-29JUL21P40000:USDT |
Base Asset is actually the contract bought or sold.
Quote Asset indicates what asset will be used as a collateral. It could be anything starting from BTC, ETH, followed by stablecoins such as USDT, or even fiat like USD.