Explore the World of Cryptocurrency Markets
As a digital asset designed to be a medium of exchange for secure financial transactions, cryptocurrency has grown in popularity since its creation in 2009.
Using the leverage system offered by Athena, traders can maximize their investment opportunities by using less than 1% of capital used in average cryptocurrency exchanges.
Increase in demand for cryptocurrency
More and more people around the world use blockchain systems for their banking needs for the following reasons:
Low cost and fast transactions
Secure, easy, and convenient
Fixed supply with limited inflationary risk
Why Trade Cryptocurrency with Athena?
Our focus on cryptocurrency trading allows our clients to invest in the most dynamic market with reliable counterparts. Connected to over 25 cryptocurrency exchanges and 2 cryptocurrency future exchanges, we are confident in offering quality services in cryptocurrency trading. Our offers include:
No commission trading with fast and accurate trade execution
- Get exceptional value on trades without commission and enjoy deep and constant order settlements under the fully automated settlement system.
Professional trading tools to elevate your game to the next level
- Trade directly from a chart with one click and use trailing stop to lock in your profit. See Advanced Trading Tools that Athena MT4 Trading Platform offers.
While no commission is charged on cryptocurrency trading, Athena may receive rebates from its liquidity providers and generates revenue from spreads.
The cryptocurrency market is always open, allowing you to trade even at night and on bank holidays.
If a trader buys 1 contract of Bitcoin, then the trader is buying 1 Bitcoin.
Min. Trading Size (In Contract Size)
The smallest amount of a coin you can buy is 0.01 contacts which are equal to 0.01 Bitcoin.
Max. Trading Size (In Contract Size)
The largest amount of coins you can buy or sell at Athena is 500 coins which is equal to 500 contracts per trade.
Tick Price(Smallest Value in Quote)
Tick price for BTCUSD (US Dollar denominated Bitcoin) is 0.01 US Dollar.
If a trader wants to buy 1 Bitcoin at $10,000, the trader must have a minimum of $10,000 in trading account using 1 to 1 leverage. However, if the trader changes the leverage to 50 to 1, the trader can buy up to 50 Bitcoins using $10,000. In the same way, traders at Athena can buy up to 300 Bitcoins with $10,000 using 300 to 1 leverage.
Using 10 to 1 leverage, your required margin to buy 1 Bitcoin at $10,000 is $1,000. At all times, your account balance should be able to cover the required margin, regardless of market volatility. If your account balance falls below 100% of the required margin, you will get a margin call. In this case, you must deposit more funds or increase your leverage. If your account balance ever falls below 50% of the required margin, your open position will be forced to close by the system.
Margin Calculation Formula
Current Price of Cryptocurrency * Number of Contract / Leverage
Profit Calculation Formula
Sell: (Open Price – Close Price) * Number of Contract
Swap Interest Swap Charge Time
The Swap Interest is charged once a day only if there is an open position when CME* (Chicago Mercantile Exchange) opens its future trading at 4pm Central Time (UTC – 6) every day. If there is no open position at 4pm CT, no Swap Interest will be charged.
Swap Interest calculation formulaSwap interest for a long position = The Interest Rate * Contract * Premium / 360
Swap interest for a short position = The Interest Rate * Contract * discount / 360
Athena use Interest Rate Cap to protect traders from any sudden surge in swap interest causing unavoidable disruption in trading.
CME* the Chicago Mercantile Exchange, colloquially known as the Chicago Merc, is an organized exchange for the trading of futures and options.