What are the differences in trading rules between traditional and crypto instruments?

Traditional instruments (gold, forex, indices, oil, U.S. stocks) and crypto instruments (BTC, ETH, SOL) differ in the following key ways:

• KYC requirement: Traditional instruments (RWA assets) require L0 verification before trading.
• Trading hours: Crypto instruments trade 24/7; traditional instruments follow their corresponding real-world market's open/close hours and cannot be traded while that market is closed.
• Margin and settlement: All perpetual contracts are settled in USDC, but leverage differs by instrument — each instrument has its own fixed leverage, as shown in the instrument list.
• Funding rate and liquidation mechanism: For both traditional and crypto instruments, funding rates are settled hourly, and liquidation is uniformly based on Mark Price. A margin ratio below 100% triggers a Margin Call, and below 50% triggers forced liquidation. This part of the rules is consistent across both.

In short, the core trading engine and margin/liquidation logic are unified, the main differences lie in the KYC threshold and trading hours.

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