What Types of Cryptocurrency Contract Trading Does BiyaPay Support?
BiyaPay currently only supports USDT-margined perpetual contracts.
USDT-margined perpetual contracts are cryptocurrency contract products settled in USDT, where each contract represents a certain amount of cryptocurrency (for example, a BTCUSDT contract represents 0.01 BTC).
Product Features
(1) Expiration Date
Perpetual contracts have no expiration or delivery date and never expire.
(2) Tiered Maintenance Margin Rate System
The maintenance margin rate refers to the minimum margin rate required for users to maintain their current positions. When the margin rate falls below the maintenance margin rate plus the liquidation fee rate, forced liquidation or forced partial position reduction will be triggered.
(3) Funding Fee Mechanism
Since there is no expiration or delivery date, perpetual contracts need a funding fee mechanism to anchor the contract price to the spot price. Funding fees are charged every 8 hours at 08:00, 16:00, and 24:00 Hong Kong time. Users only need to pay or receive funding fees when holding positions at these times. If positions are closed before the fee collection time, no funding fees will be charged.
Contact Us
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.