Delivery date of bitcoin quarterly contract

1.

the basis of bitcoin contract

bitcoin contract refers to a contract that can be traded without actually owning bitcoin. It is very different from the currency transaction which can only be carried out with the actual holding of digital currency

bitcoin contracts enable you to predict the price trend of bitcoin and hedge risks. This way of trading means that you are investing in price trends, not the assets themselves

when trading bitcoin contracts, you can decide whether to be short or long. Choosing long means that you expect the price of bitcoin to rise. On the other hand, choosing to short means that you expect prices to fall

leveraged trading

one of the characteristics of bitcoin contracts is that it can choose to trade with high leverage ratio. Using leverage means that you don't have to invest 100% of the transaction amount in a contract transaction. Instead, you only need to deposit the initial margin, which is only a small part of the total contract value

leveraged trading allows you to have a large exposure with a small amount of funds while managing risks

perpetual contracts

although there are many different types of contracts, this paper mainly focuses on perpetual contracts. As the name suggests, these contracts have no expiration date. Traders who are long or short with perpetual contracts can hold positions indefinitely unless the contract bursts, which means that they will not suffer more losses than the initial margin

in the perpetual contract, the pricing of bitcoin is based on a specific index price. The index price is based on the average price of bitcoin in multiple currency markets

bitcoin contract has become a very popular trading tool. Many traditional investors are not ready to allocate their money to digital assets, but still want to benefit from attractive price fluctuations, and contract trading opens the door for them

if you want to open bitcoin contract trading, you need to find the exchange that provides contract trading. AAX platform provides you with bitcoin contract trading services in a compliant and secure environment

2. 1. By the time of delivery, the system will take the arithmetic mean value of BTC (LTC and other currencies) dollar index in the latest hour as the delivery price to close out all open contracts in the current week. The profit and loss after closing the position shall be added to the realized profit and loss
2. If there is still a user's strong order that can not be completed until the delivery, the position will be delivered according to the delivery price at the time of delivery, and the resulting loss will be recorded as the loss of the through position user of the contract. After the delivery of the contract in the current week and the settlement of the contract in the next week and quarter, it will be apportioned according to the full account apportionment system to make up for the losses of the customers who cross the position
3. Add the realized profit and loss of the weekly contract into the account balance, and the settlement is completed< br />4､ If there is market manipulation or market abnormality around the time of delivery and settlement, which leads to significant fluctuation of the index or abnormal allocation proportion, we may choose to postpone delivery and settlement according to the specific situation, and the specific rules will be announced
delivery time: 16:00 every Friday (UTC + 8)

3. The computing power contracts of FTX exchange are futures contracts settled according to the average mining difficulty of bitcoin in a certain period of time. These futures contracts also roughly reflect the whole network computing power of BTC in that period. Of course, every calculation contract on FTX exchange also has a start date and a maturity date, which usually starts on the first day of each quarter and ends on the last day of each quarter.

4. The next week contract and the quarter contract will participate in the settlement. After the settlement, the profit and loss will be recalculated according to the settlement benchmark price. After the settlement, the profit part can be transferred out; If the user closes the position before settlement, all the margin and realized profit and loss required for opening the position after settlement can be transferred out of the virtual contract account.

5. By the time of delivery, the system will take the arithmetic mean value of BTC (LTC and other currencies) dollar index in the latest hour as the delivery price to close out all open contracts in the current week. The profit and loss after closing the position shall be added to the realized profit and loss.

6. Friday! Be careful with these

7. 1. The definition of contract
futures contract is an agreement that the buyer agrees to receive an asset at a specific price after a specified period of time, and the Seller agrees to deliver an asset at a specific price after a specified period of time
the price that both parties agree to use in future trading is called futures price. The specified date on which both parties must conct transactions in the future is called the settlement date or the delivery date. The assets agreed to be exchanged by both parties are called "subject matter"
If an investor takes a position in the market by buying a futures contract (i.e. agreeing to buy on a future date), it is called long position or long in futures. On the contrary, if the position an investor takes is to sell a futures contract (i.e. bear the contract responsibility to sell in the future), he is said to be short or short on the futures<

2. The origin of contract
futures contract refers to the standardized contract formulated by the futures exchange to deliver a certain quantity and quality of goods at a specific time and place in the future. It is the object of futures trading. The participants of futures trading transfer the price risk and obtain the risk return by trading futures contracts in futures exchanges
futures contract is developed on the basis of spot contract and spot forward contract, but the most essential difference between them is the standardization of futures contract terms. In the futures market, the quantity, quality grade and delivery grade of the subject matter, the premium standard of substitutes, delivery place and delivery month of the futures contract are standardized, which makes the futures contract universal
in the futures contract, only the futures price is the only variable, so the open bidding is generated in the trading

3. Contract classification
digital currency contract can be divided into delivery contract and perpetual contract
(1) delivery contract: futures delivery refers to the process in which the trading parties settle the e open position contract by transferring the ownership of the commodity contained in the futures contract when the futures contract expires
(2) perpetual contract: it is a kind of derivative similar to leveraged spot transaction, and it is a digital currency contract proct settled in BTC, usdt and other currencies. Investors can buy long to get the income of the rising price of digital currency, or sell short to get the income of the falling price of digital currency
there are some differences between perpetual contracts and traditional futures: they have no expiration time, so there is no limit on the holding time. In order to keep track of the underlying price index, the perpetual contract ensures that its price closely follows the price of the underlying asset through the mechanism of capital cost.

8.

The delivery date of CME bitcoin futures is the last Friday of the e month, 4:00 p.m. London time. In case of holidays, one day in advance

2. The delivery date of CBOE bitcoin futures is the first two trading days of the third Friday of the maturity month, 2:45 p.m. Chicago time

extended information:

bitcoin trading scam:

1. At the end of October 2013, Hong Kong GBL platform absconded with money, with more than 20 million yuan missing. The program of this trading website is very poor. It doesn't use SSL security protocol, and even the user name is stored in clear text. They don't have some basic programming knowledge. GBL relies on the broker to develop the new customer's "quasi MLM" mode

On October 22, 2013, looking at the market of bitcoin, Mr. Qiao, a citizen of Dongyang, searched GBL company, a bitcoin trading platform, on the Internet, and recharged 90000 yuan to buy and sell bitcoin through a third-party payment. On October 26, 2013, it was found that the staff of the online trading platform were not online, and some normal trading proceres could not be implemented. It was found that the registered address of the company was false after a check, and a total of 90000 yuan was cheated

3 and Western economists have a lot of worries about the current economic bubble phenomenon of bitcoin. Australian Economist John Quiggin called bitcoin "the purest example of the economic bubble." p>