Futures

Internal USDT-margined BTCUSDT-style positions are available when EXCHANGE_DERIVATIVES_ENABLED is on: margin locks from your spot wallet; closes settle PnL in USDT (no chain calls while trading). Production still needs funding, insurance, and a full liquidation engine for scale.

• Mark price or index composition for liquidations.
• Insurance fund and auto-deleveraging (ADL) policies.
• Co-located matching with strict margin checks each tick.