What Is Settlement Currency in Crypto Futures on Pluang?

Settlement Currency in Crypto Futures on Pluang is the currency used to calculate and pay out profit and loss when you trade a contract, and on Pluang that currency is USDT across every one of the 49 active Crypto Futures contracts. Your margin, unrealized PnL, and realized profit or loss are all denominated in USDT, never IDR, regardless of which underlying crypto asset a given contract tracks — a BTC/USDT contract and an ETH/USDT contract both settle in exactly the same currency, USDT. This is one of the clearest structural differences between Crypto Futures and Crypto Assets (spot) on Pluang: spot trading is priced and settled in IDR, while Futures is entirely USDT-denominated, from the moment you post margin to the moment you close a position and see the resulting profit or loss. Knowing which currency you're actually operating in matters for anyone converting figures back into a mental IDR equivalent, since the USDT/IDR exchange rate at any given moment affects what a USDT-denominated gain or loss is actually worth.

• Because Settlement Currency is USDT, opening and closing a position, funding payments, and liquidation calculations are all worked out in USDT regardless of which crypto asset the contract tracks.
• This is different from Crypto Assets (spot) on Pluang, which is priced and settled in IDR — the two products use entirely different settlement currencies, so don't confuse them.
• Your Futures Wallet balance, which funds your margin and absorbs funding payments, is also held and tracked in USDT.
• Knowing the settlement currency matters when you're converting your PnL back into a mental IDR equivalent — the USDT/IDR exchange rate at that time affects what that profit or loss is worth to you.
• Every one of Pluang's 49 active Crypto Futures contracts uses the same USDT settlement currency, so there's no pair-by-pair variation to check the way there is with contract size or tick size.

Related questions:

Q: Is Crypto Futures on Pluang settled in IDR?
No. Crypto Futures on Pluang use USDT as the Settlement Currency — profit, loss, and margin are all calculated in USDT, never IDR, across every contract on the platform. This applies uniformly whether you're trading a major pair or a smaller-cap one, so there's no exception where a specific contract settles in IDR instead, and no toggle to switch a contract to IDR settlement.

Q: Is the Settlement Currency the same for Crypto Assets (spot) and Crypto Futures on Pluang?
No. Crypto Assets (spot) settles in IDR, while Crypto Futures settles in USDT — they are separate products with different settlement currencies, so balances and PnL figures aren't directly comparable across the two. Keeping this distinction clear matters if you hold positions in both products at the same time, since a rising Futures PnL and a rising spot balance aren't measured on the same scale.

Q: What is my Futures Wallet balance denominated in?
USDT. Your Futures Wallet holds the margin and absorbs funding payments and PnL, all tracked in USDT, separately from any IDR balance you may hold for spot trading. Topping up your Futures Wallet also happens in USDT terms, even if the funds you're moving originated as IDR elsewhere in the app, since a conversion step handles the currency change for you automatically.

Q: Does the USDT/IDR rate matter if I only trade in USDT terms?
It matters if you want to know what your USDT profit or loss is worth in IDR, since the settlement currency itself stays in USDT regardless of how the exchange rate moves. For traders who think in IDR terms day to day, checking the prevailing USDT/IDR rate is the only way to translate a USDT-denominated result into a familiar number.