How does the Cryptocurrency Daily Margin Update work?

Cryptocurrency Margin Requirements are updated shortly after market open (Sunday 18:00 ET) and then updated daily during the market break (Between 16:45 ET to 18:00 ET Daily).

Cryptocurrencies are currently leveraged at 4:1 and the new margin requirement will be the equivalent of half the notional value of 1 contract at 5pm EST.

For example if the BTC/USD rate is 8000.00 during the market break, the Margin Requirement for one contract will be updated to $20.00 USD BTC/USD is a volatile instrument and in the event that there is a significant intraday market move, margin requirements may be updated intraday.