Sparrow Contract Specifications

Settlement Method: Financially Settled

Expiration Date: 4:00PM Singapore Time (GMT+8)

Exercise Style: European

Strike: User Specified

Trading Hours: 24/7

BTC Option

Symbol: BTCUSD

Contract Unit: 1 BTC

Price Quotation: USD per BTC

Underlying: Sparrow BTC Index based on the value of three leading BTC-USD exchanges:

1. GDAX

2. Kraken

3. Bitstamp

Minimum Price Fluctuation: $0.01 per Contract

Minimum Order Size: 0.1 BTC

ETH Option

Symbol: ETHUSD

Contract Unit: 1 ETH

Price Quotation: USD per ETH

Underlying: Sparrow ETH Index based on the value of three leading ETH-USD exchanges:

1. GDAX

2. Kraken

3. Bitstamp

Minimum Price Fluctuation: $0.01 per Contract

Minimum Order Size: 1 ETH