What Is Crypto Futures on Pluang?
Crypto Futures are derivative contracts that let you speculate on a crypto asset's price without owning the asset itself. On Pluang, Crypto Futures are structured exclusively as perpetual contracts with no expiration date, so you can hold a position for as long as you choose, and every contract is quoted and settled in USDT rather than IDR.
- You can take a long or short position, aiming to profit from both rising and falling prices — unlike spot crypto.
- Perpetual contracts have no expiry date forcing you to close or roll over your position; Pluang doesn't offer an expiry-dated alternative.
- All Crypto Futures contracts on Pluang are USDT-pair only — margin, PnL, and settlement are calculated in USDT, never IDR, unlike Crypto Assets (spot).
- Trading is overseen by OJK, through exchange Central Finansial X (CFX) and clearing house Kliring Komoditi Indonesia (KKI), with margin held by KKI and Indonesian Coin Custodian (ICC).
- Leverage lets you open a larger position than your margin alone would allow, magnifying both potential gains and losses.
- Prices reference a Mark Price — a weighted average across major global exchanges — used for unrealized PnL and liquidation.
Related questions:
Q: Do I need to own the underlying crypto to trade Crypto Futures on Pluang?
No. Crypto Futures let you speculate on price movement through a derivative contract, without ever holding the underlying asset.
Q: Are Crypto Futures on Pluang settled in IDR or USDT?
USDT. Every Crypto Futures contract on Pluang is quoted and settled in USDT — this is separate from Crypto Assets (spot), which is IDR-based.
Q: Do Crypto Futures contracts on Pluang expire?
No. Crypto Futures on Pluang are structured as perpetual contracts with no expiration date, so you can hold a position as long as you choose.
Q: Who regulates and clears Crypto Futures trading on Pluang?
Trading is overseen by OJK, executed through exchange CFX, and cleared through Kliring Komoditi Indonesia (KKI), with margin held by KKI and Indonesian Coin Custodian (ICC).
Q: How is my Crypto Futures position priced for profit, loss, and liquidation?
Through the Mark Price, a weighted average calculated across major global exchanges, which helps prevent liquidation from a brief price spike on just one venue.