Lightning

Yes. You can trade with up to 2x leverage on bitFlyer Crypto CFD.

*The maximum leverage is different for corporate accounts. Please click here for more information.

■What is the "maximum" leverage based on the assumed crypto asset risk ratio that can be selected for corporate accounts?

They are calculated as follows.

Required margin = Required margin for open positions + required margin for new order

Valuation margin = Margin deposit + profit or loss from valuation

Maintenance margin rate = Valuation margin / required margin

More information can be found here.

- What is bitFlyer Crypto CFD?

More information on special orders and their requirements for execution can be found here.

The order books let you see how many orders are available in different price ranges.

The Asks order book displays orders from people who wish to sell Bitcoin. The number in the middle is the price and the number on the left is the volume.

The Bids order book displays orders from people who wish to buy Bitcoin. The number in the middle is the price and the number on the right is the volume.

The Last Price field between the order books displays the most recent executed price as well as the spread. The spread is the difference between the best bid and the best ask displayed as a percentage.

If you would like to cancel an order on bitFlyer Lightning, press the cancel order button.

The cancel order button is the “x" mark in the order history section.

You can also click your order in the order book to cancel it. If a limit order was placed but not executed, the order will be automatically revoked after 30 days. Orders that have already been executed cannot be cancelled.

You can check the "Additional margin" and "Margin Call Due Date" on the bitFlyer Crypto CFD Trade screen.

The methods of resolving the margin call are as follows.

・Deposit JPY or Bitcoin into your margin account

・Partial or complete settlement of your positions

・Increase the leverage rate*

*If the leverage rate is set lower than the maximum value, it can be raised to resolve the margin call. It will not be raised if you have selected the maximum leverage rate. As an example, if margin call rules are applied with 1x leverage and the maintenance margin rate becomes 55% after that, raising the leverage to 2x will increase the margin maintenance rate to 110%, thereby resolving the margin call. However, be aware that if the market price continues to fluctuate by 5% or more, the maintenance margin rate may fall below 100% again, and margin call rules may be applied at the next evaluation.

Please note that even if the maintenance margin rate exceeds 100% by methods other than the listed above (e.g. market fluctuation), after the margin call is triggered, the margin call will not be cleared. If the market has changed abruptly, the Sell Out Rules may be applied before or while the Margin Call Rules are applied.

For more information on the current Margin Call Rules, Sell Out Rules, and others, please see below.

- here for bitFlyer Crypto CFD.

You will need to place an offsetting order against your current position to settle it. Buy positions will be settled through a sell-back, and sell positions will be settled through a buy-back. Positions will be settled following the FIFO method.

If you have a position, placing an order will make a settlement order.

Otherwise, it will be a new order. When making a settlement order, settlements will be performed in order from the oldest positions. If there is any amount in excess of the amount that can be settled, the difference will become a new order.

Please see bitFlyer Crypto CFD Trading Rules for further details.

Your order may be matched using a price that is more beneficial to you than the one you put in your limit order.

If you do not want to use a more advantageous price, you could use a stop-type special order.

Please use our Lightning API Playground.

Please agree to the Written Explanation on Over-the-counter Crypto Asset Derivatives Trading (Document Requiring User Agreement) and submit your Individual Number.

Please agree to the Written Explanation on Over-the-counter Crypto Asset Derivatives Trading (Document Requiring User Agreement).

For web browsers

After logging in to bitFlyer Lightning, select BTC-CFD/JPY at the top of the screen.

The agreement screen will appear. After reading and understanding the Written Explanation on Over-the-counter Crypto Asset Derivatives Trading (Document Requiring User Agreement), please check the box to agree.

*Please ensure that you meet our recommended system requirements.

For the bitFlyer smartphone app

After logging in, please select Lightning on the right side of the home screen and select ""BTC-CFD/JPY.""

*To register in the app, please update to iOS version 15 or Android 8.0 or higher.

For the submission of your Individual Number, please click here

Open the menu from the top-left corner of and select Funds.

Your maintenance margin rate will be displayed on the bitFlyer Crypto CFD Collateral table.

For more information, please refer to the following link.

- What is bitFlyer Crypto CFD?

Corporate accounts will be able to opt for the "max" leverage based on the assumed crypto asset risk ratio after May 12, 2021.

The max leverage is adjusted according to the leverage ratio that is based on the assumed crypto asset risk ratio announced on a weekly basis by Japan Virtual and Crypto assets Exchange Association. As long as the "max" leverage option is selected, the leverage will be automatically updated every week. Please click here for an overview of the max leverage allowed in practice for corporate accounts.

*The assumed crypto asset risk ratio is calculated by the Commissioner of the Financial Services Agency. The method uses the ratio of the risk from price fluctuations that occur in the crypto asset market to the principal amount. Please click here for details on the The assumed crypto asset risk ratio published by the Japan Virtual and Crypto assets Exchange Association.

Important notes:

On bitFlyer Crypto CFD, buy positions are settled by sell positions and vice versa. Settling a position requires an offsetting transaction for the same amount as the held position.

If an offsetting transaction exceeds the position held, the difference becomes a new order.

More information can be found here.

- bitFlyer Crypto CFD Trading Rules

Please confirm your margin deposit when using bitFlyer Crypto CFD.

If your maintenance margin rate falls below a set level, it will trigger a margin call or sell out.

Please refer to the following for details on the margin.

- bitFlyer Crypto CFD User Guide

Please refer to the following for the margin rates, margin call rules, and sell out rules set by the Company.

- Fees and Taxes

In order to trigger the automatic placement of secondary orders, the first order must be completely filled.

If the first order is only partially filled, the secondary orders will not be placed.

While limit orders may have partial executions, market orders will only execute in their entirety and can not have partial executions.

Therefore, if the first order is a limit order, the secondary order will fall into one of the following three patterns based on the “Time in Force” chosen when the order was placed.

1. Good ‘Til Cancelled

   These order amount parameters mean that the order will remain valid until it is either filled or cancelled.

   If the first order is only partially filled, the order will remain valid for the remaining amount until it either expires or is cancelled by the user.

   *The maximum expiration date for orders is 30 days. If not specified otherwise, 30 days will apply.




2. Immediate or Cancel

   These order parameters mean that the order will be fully or partially filled at the designated price or a more profitable one.

   The amount that can not be filled is immediately cancelled. If the first order is only partially filled, the IFD order will be automatically cancelled and the secondary order will not be placed.




3. Fill or Kill

   These order parameters mean that if the order can not be completely filled immediately upon being placed, the whole order is automatically cancelled. In this case, the first order is immediately filled in full or cancelled in full.

   The first order can not be partially filled.

SFD occurs on executions that increase the price disparity between Lightning Spot (BTC/JPY) and Lightning FX (BTC-FX/JPY).

SFD does not occur on executions that decrease the price disparity between Lightning Spot (BTC/JPY) and Lightning FX (BTC-FX/JPY).

More information can be found here.

Cross orders are not currently available.

This reflects orders that have been placed but have not been executed.

Amount displays the assets you hold, but Available displays the assets you have that are available for new trades, withdrawal, or movement.

For example, when placing a limit order, the amount to be bought or sold remains as an order until it is complete. Therefore, this amount is deducted from your available balance.

The trade prices of Lightning Spot (BTC/JPY) and bitFlyer Crypto CFD (BTC-CFD/JPY) are not connected, so a price divergence occurs when there is a difference in demand between Lightning Spot (BTC/JPY) and bitFlyer Crypto CFD (BTC-CFD/JPY), which have different prices.

If there is a possibility that a Registered User's order may self-trade with another order of the same user that has already been received by the Company (meaning a case where the conditions match and execution may occur), the Registered User may not place such an order.

No margin deposit is necessary for spot trades.

Your available funds are calculated by factoring in orders that have been placed but not yet executed.

Canceled orders are not recorded.< /p>

We currently do not offer physical delivery settlements. Physical delivery settlements are no longer available as of April 28, 2023.