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Contract Multiplier Directions #7

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PhilAlain opened this issue Dec 23, 2024 · 0 comments
Open

Contract Multiplier Directions #7

PhilAlain opened this issue Dec 23, 2024 · 0 comments

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@PhilAlain
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PhilAlain commented Dec 23, 2024

Hello Jan,

In some marketplaces, there is a contract multiplier that changes the quantity of the order between spot currency and future currency.

Example : Kucoin
"The basic unit of the contract API is lots.
For the number of coins in each lot, please refer to the param multiplier.
For example, for XBTUSDTM, multiplier=0.001, which corresponds to the value of each XBTUSDTM contract being 0.001 BTC.
There is also a special case.
All coin-swap contracts, such as each XBTUSDM contract, correspond to 1 USD."

https://www.kucoin.com/docs-new/3470221e0?x=fr_FR&nav=1

Therefore, in your CryptoClients.Net project how do you plan to homogenize this behavior ?

I can foresee two directions:

  • Expose the multiplier in a common interface for all marketplaces and each contract and let each user apply it when needed.
  • Integrate the multiplier in the project and make it transparent to users

Since we plan to write code against this, please let us know about your plans, if any ?

Season's Greetings & Kind Regards,
Philippe

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