FTX Raises ‘TRUMP’ Futures Margins as Price Suggests Lower Expectations of Election Win

FTX Raises ‘TRUMP’ Futures Margins as Price Suggests Lower Expectations of Election Win
(Evan El-Amin/Shutterstock)

Cryptocurrency derivatives exchange FTX is increasing the margin requirements on its TRUMP and other President 2020 futures contracts.

Announced Friday, the exchange said it to $0.50, meaning traders must put up that amount to acquire 1 short TRUMP contract. The change comes in on Saturday at 12:30 UTC.

Conversely, users wishing to go long TRUMP require $0.36, which is also the of the futures contract.

The pricing suggests traders are factoring in President Donald Trump’s chances of reelection come Nov. 3, when the U.S. heads to the polls and, by their estimates, the odds look to be dropping.

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