> For the complete documentation index, see [llms.txt](https://docs.recap.io/us-tax-guide-for-individuals/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.recap.io/us-tax-guide-for-individuals/transaction-types/cryptoasset-derivatives-cfds-futures-and-margin-trading.md).
# Cryptoasset derivatives (CFDs, Futures and Margin Trading)
### Crypto margin trading, futures and other CFDs
Individual traders will pay capital gains tax on any margin trades or other CFDs. When you open a new position, you pay no tax, however, when this position closes you realise a capital gain or loss and a taxable event occurs. The same short-term and long-term Capital Gains Tax rates apply to these transactions.
When it comes to **crypto futures** - if you're trading regulated crypto futures, you can apply the 60/40 rule to get a more favourable tax treatment. This is because of the IRS [60/40](https://www.law.cornell.edu/uscode/text/26/1256) rule. This rule allows investors to treat 60% of their gains as long-term gains and 40% as short term gains regardless of how long a position is kept open. The vast majority of crypto futures are (as-yet) unregulated and as such these rules cannot be applied.