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When will Bithumb weekly contract be delivered

Based on the exchange calendar and contract expiration date, the estimated Bithumb weekly contract delivery date can be determined by considering the underlying asset, contract's expiration, and whether the delivery date falls on a weekend or holiday.

Nov 08, 2024 at 08:19 am

When Will Bithumb Weekly Contract Be Delivered?

Bithumb offers a variety of weekly contracts, each with its own delivery date. The delivery date is the date on which the contract expires and the underlying asset is delivered to the buyer.

What Factors Affect the Bithumb Weekly Contract Delivery Date?

The delivery date of a Bithumb weekly contract is determined by the following factors:

The underlying asset: The delivery date of a weekly contract is determined by the delivery date of the underlying asset. If the weekly contract is a Bitcoin future contract, the delivery date will be the same as the delivery date for Bitcoin futures contracts on other exchanges.
The contract's expiration date: The delivery date for a weekly contract is also determined by the contract's expiration date. The expiration date is the date on which the contract expires.
The holidays and weekends: Bithumb's trading closes on weekends and exchange holidays. The exchange does not have weekend or national holiday trading sessions because it is based in South Korea.
If the delivery date falls on a weekend or holiday, the delivery will be postponed to the next business day.

How to Calculate the Bithumb Weekly Contract Delivery Date

Use the following steps to estimate the delivery date for a Bithumb weekly contract:

Find the underlying asset: This can be done by looking at the contract's specifications.
Find the contract's expiration date: This can be done by using the contract's ticker symbol.
Check the exchange calendar: This will tell you if the delivery date falls on a weekend or holiday.
Add one day if the delivery date falls on a weekend or holiday: This will give you the delivery date for the contract.

Example

Let's say you are looking at a Bithumb BTC-USD weekly contract with an expiration date of Friday, March 10, 2023. The underlying asset is Bitcoin. Checking the Bithumb calendar, you see that Monday, March 13, 2023, is a holiday. Since the contract expires on a Friday, the delivery date is normally the following Monday. However, because Monday is a holiday, the delivery date will be postponed to Tuesday, March 14, 2023.

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