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Bitcoin Futures Contract Size and Margin

#1

I want to buy the CBOE bitcoin futures which are supposed to be for 1 bitcoin. However at the link below it shows that the initial and maintenance margin for one contract is $40,000. Since the contract multiplier is 1 shouldn’t this number be closer to the price of 1 bitcoin or less.

FYI support responded saying the margin was not correct on this page.

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