The Derivatives Exchange has launched Stop-Loss and Take-Profit Limit and Market orders. Derivatives traders can now plan their positions ahead of time, as well as effectively lock in profits and manage risk during both up and down market movements.

Stop-Loss and Take-Profit are conditional orders that will automatically create a Limit or Market order when the underlying asset’s mark price reaches a trigger price set by the trader. Traders can create a buy or sell order depending on the trigger price relative to the mark price.

Key Highlights:
- Trigger Price Range: Up to 200% of the asset mark price
- Flexible Limit/Market order bandwidth
- Trade with up to 100x leverage

Please visit our Help Centre for additional information about placing Advanced Orders in the Derivatives Exchange.

Follow these simple steps to get started:
1. Sign in to the Exchange
2. Create a Derivatives Wallet
3. Transfer CRO/DAI/USDC/USDT from your Spot Wallet to your Derivatives Wallet to start trading!

Please Note: Exchange users need to complete Advanced level verification to trade derivatives. Citizens or residents of the excluded jurisdictions listed here are unable to use our derivatives services at this time.

How do derivatives work?
A derivative is a contract between two parties that is based on the value of an underlying asset. Common types of derivatives include futures, options, forwards, and perpetual swaps. Perpetual swaps enable traders to buy or sell the value of their ‘assets’, whereby the underlying asset itself is never traded, allowing them to better manage risk. Unlike futures and options, perpetual swaps do not expire or have a settlement date, and users can hold their positions for as long as needed.

Important Note on Derivatives Trading
You must seek professional advice regarding your particular situation before conducting derivatives trading. The risk of loss can be substantial. You may lose all or more than the Virtual Assets when trading. You may be called upon at short notice to make additional Virtual Asset contributions. If you do not make such contributions within the prescribed time, your Virtual Assets may be lost without further notice to you. You should therefore carefully consider whether such arrangements are suitable for you in light of your investment objectives, financial circumstances, your tolerance to risks and your investment experience. You should be capable of bearing a full loss of the amounts invested as a result of or in connection with any order and any additional loss over and above the initial amounts invested that may become due and owing by you. In considering whether to trade or invest, or use any derivative trading facility or other service, you should inform yourself and be aware of the risks generally, and in particular should note the specific risk factors which may apply.