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What is the expiration day for cryptocurrency futures contracts?

avatarTATHAGAT KUMARDec 17, 2021 · 3 years ago3 answers

Can you please explain what the expiration day for cryptocurrency futures contracts means and how it works?

What is the expiration day for cryptocurrency futures contracts?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! The expiration day for cryptocurrency futures contracts refers to the date on which the contract expires. It is the last day on which the contract can be traded or settled. After the expiration day, the contract becomes invalid. The expiration day is predetermined and specified in the contract. It is important for traders to be aware of the expiration day as they need to decide whether to close their positions or roll over the contract to a new expiration date.
  • avatarDec 17, 2021 · 3 years ago
    The expiration day for cryptocurrency futures contracts is the day when the contract ends. It's like the due date for the contract. On the expiration day, the contract is settled, and the parties involved either deliver the underlying asset or settle the contract in cash. It's important to note that different exchanges may have different expiration days for their futures contracts, so it's essential to check the specific contract details.
  • avatarDec 17, 2021 · 3 years ago
    The expiration day for cryptocurrency futures contracts varies depending on the exchange and the specific contract. For example, on BYDFi, the expiration day for their futures contracts is usually the last Friday of the contract month. However, it's important to note that this can vary, so it's always a good idea to check the contract specifications on the exchange's website or contact their customer support for the most accurate information.