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What is the expiry date for cryptocurrency futures contracts?

avatarCrane KempDec 26, 2021 · 3 years ago3 answers

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

What is the expiry date for cryptocurrency futures contracts?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The expiry date for cryptocurrency futures contracts refers to the date when the contract expires and the parties involved settle their positions. It is the last day on which the contract can be traded. After the expiry date, the contract becomes invalid and no further trading can take place. The expiry date is predetermined and specified in the contract. It is important for traders to be aware of the expiry date as they need to close their positions before that date to avoid any unwanted consequences. Different exchanges may have different expiry dates for their cryptocurrency futures contracts, so it's essential to check the specific contract details on the exchange you are trading on.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to cryptocurrency futures contracts, the expiry date is like a deadline for the contract. It's the day when the contract ends, and the parties involved settle their positions. After the expiry date, the contract is no longer valid, and trading ceases. It's crucial for traders to keep track of the expiry date to avoid any unexpected outcomes. The expiry date varies depending on the exchange and the specific contract. Make sure to check the contract details on the exchange you are trading on to know the exact expiry date.
  • avatarDec 26, 2021 · 3 years ago
    The expiry date for cryptocurrency futures contracts is an important aspect to consider when trading. It is the date when the contract terminates, and all positions are settled. After the expiry date, the contract becomes null and void. It's crucial for traders to be aware of the expiry date as it determines when they need to close their positions. Different exchanges may have different expiry dates for their cryptocurrency futures contracts, so it's essential to check the contract details on the exchange you are trading on. At BYDFi, the expiry date for our cryptocurrency futures contracts is clearly stated in the contract specifications, ensuring transparency and clarity for our traders.