Crypto.com Introduces MELANIA Crypto Event Contract

Key Details of the MELANIA Crypto Event Contract

Crypto.com Derivatives North America (CDNA) will launch the MELANIA Crypto Event Contract on January 31, 2025. This new derivative product joins CDNA's growing suite of regulated financial instruments, responding to increasing demand for diverse and compliant crypto trading options.

The MELANIA contract is structured similarly to CDNA's existing BTC and ETH Event Contracts, certified on April 10, 2023. It features Intraday Contracts and nine strike levels, with settlement payouts ranging from $10 to $100 or $0. Trading begins at 11:00 pm ET on the Start Date, following the expiration of the previous Event Contract.

CDNA has secured at least one dedicated Market Maker to ensure liquidity for the MELANIA contract. The Index Value is calculated every second using the Exchange Calculation Method, which involves midpoint bids/asks from Lukka, Inc. Data Feed. The highest and lowest 20% of midpoints are removed to determine the Index Value, requiring at least 25 midpoints within a 60-second period for accuracy.

Market Impact and Historical Context

Since 2014, CDNA has offered Event Contracts and Call Spread Contracts on Bitcoin. Between 2022 and 2024, the exchange certified contracts for cryptocurrencies like Ether (ETH), Litecoin (LTC), and Dogecoin (DOGE). The combined trading volume of these contracts exceeds 39 million, highlighting strong market engagement.

The introduction of the MELANIA Crypto Event Contract underscores CDNA's commitment to innovation and meeting trader demand for regulated and diverse derivative products. This expansion further solidifies CDNA's position as a leader in the cryptocurrency derivatives market.