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What is the expiry date for cryptocurrency futures?

avatarArafat FewalDec 17, 2021 · 3 years ago3 answers

Can you please explain what the expiry date for cryptocurrency futures is and how it works?

What is the expiry date for cryptocurrency futures?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! The expiry date for cryptocurrency futures refers to the date on which the contract for a specific cryptocurrency futures expires. It is the last day on which the contract can be settled. After the expiry date, the contract becomes invalid. The expiry date is predetermined and specified in the futures contract. It is important for traders to be aware of the expiry date as they need to either settle the contract or roll it over to a new contract before it expires.
  • avatarDec 17, 2021 · 3 years ago
    The expiry date for cryptocurrency futures is similar to the expiry date for other types of futures contracts. It serves as a deadline for traders to close their positions or roll them over to a new contract. If a trader fails to take any action before the expiry date, the contract will be settled based on the prevailing market price. It's important to note that the expiry date can vary depending on the cryptocurrency and the exchange on which the futures contract is traded.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers cryptocurrency futures contracts with different expiry dates. Traders can choose contracts with expiry dates that suit their trading strategies. It's important to keep track of the expiry date and plan your trading accordingly. BYDFi provides a user-friendly interface that displays the expiry dates of all available futures contracts, making it easy for traders to stay informed.