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How long does it take for Kraken contracts to settle

Quarterly Kraken futures contracts settle three business days after expiring on the last Friday of March, June, September, and December.

Nov 19, 2024 at 03:58 pm

How Long Does It Take for Kraken Contracts to Settle?

Kraken, one of the leading cryptocurrency exchanges, offers a wide range of trading options, including futures contracts. Futures contracts are agreements to buy or sell an underlying asset (such as a cryptocurrency) at a predetermined price on a future date.

The settlement date for Kraken futures contracts varies depending on the type of contract. The following is a breakdown of the settlement dates for different types of Kraken contracts:

1. Quarterly Futures Contracts

Quarterly futures contracts are the most common type of futures contract traded on Kraken. They expire and settle on the last Friday of March, June, September, and December. The settlement date is typically three business days after the expiration date. For example, the June 2023 quarterly futures contract will expire on June 30, 2023, and will settle on July 3, 2023.

2. Monthly Futures Contracts

Monthly futures contracts expire and settle on the last Friday of each month. The settlement date is typically three business days after the expiration date. For example, the July 2023 monthly futures contract will expire on July 28, 2023, and will settle on July 31, 2023.

3. Weekly Futures Contracts

Weekly futures contracts expire and settle on the last Friday of each week. The settlement date is typically three business days after the expiration date. For example, the August 4, 2023, weekly futures contract will expire on August 4, 2023, and will settle on August 7, 2023.

4. Daily Futures Contracts

Daily futures contracts expire and settle on the next business day. For example, a daily futures contract that expires on July 19, 2023, will settle on July 20, 2023.

5. Hourly Futures Contracts

Hourly futures contracts expire and settle on the hour. For example, an hourly futures contract that expires at 10:00 AM UTC on July 20, 2023, will settle at 10:00 AM UTC on July 20, 2023.

6. Minute Futures Contracts

Minute futures contracts expire and settle on the minute. For example, a minute futures contract that expires at 10:00:00 AM UTC on July 20, 2023, will settle at 10:00:00 AM UTC on July 20, 2023.

Note:

  • The settlement date for all Kraken futures contracts is subject to change. Kraken may announce changes to the settlement date in advance.
  • If the settlement date falls on a holiday, the settlement date will be the next business day.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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