Contract

Text

What time does Coinbase weekly contract deliver

Coinbase weekly contracts deliver on Fridays at 8:00 AM UTC, aligning with standard settlement times for CME Bitcoin futures.

Nov 14, 2024 at 06:00 pm

What Time Does Coinbase Weekly Contract Deliver?

Coinbase weekly contracts deliver on Fridays at 8:00 AM UTC (Coordinated Universal Time). This means that the contract expires every Friday at this time, and all open positions are settled.

Why Does Coinbase Deliver Weekly Contracts on Fridays?

Coinbase delivers weekly contracts on Fridays because this is the standard settlement time for CME Bitcoin futures, which are the underlying asset for Coinbase weekly contracts. By aligning the delivery time with CME futures, Coinbase ensures that there is sufficient liquidity and market depth to facilitate seamless contract settlement.

What Happens When a Coinbase Weekly Contract Delivers?

When a Coinbase weekly contract delivers, the following actions occur:

Open positions are settled: All open positions in the expiring contract are closed, and the profit or loss is realized.
Physical delivery of Bitcoin: If a trader holds a long position in the expiring contract, they will receive the equivalent amount of Bitcoin in their Coinbase account. Conversely, if they hold a short position, they will deliver the equivalent amount of Bitcoin to Coinbase.
New contract becomes active: A new weekly contract is simultaneously launched, and trading begins. The new contract has a different expiration date and reflects the current market conditions.

How to Trade Coinbase Weekly Contracts

To trade Coinbase weekly contracts, you can follow these steps:

Create a Coinbase account: If you don't have one already, you will need to create a Coinbase account.
Fund your account: You will need to deposit funds into your Coinbase account in order to trade contracts.
Access the Coinbase Futures platform: Once your account is funded, you can access the Coinbase Futures platform to trade weekly contracts.
Choose a contract: Select the appropriate weekly contract based on your desired expiration date.
Place an order: Determine the number of contracts you want to trade and place a buy or sell order.
Monitor your position: Monitor the price of the underlying asset and make adjustments to your position as necessary.

Understanding the Coinbase Weekly Contract Cycle

The Coinbase weekly contract cycle follows a consistent pattern:

Monday (8:00 AM UTC): New weekly contract becomes active.
Friday (8:00 AM UTC): Expiring weekly contract settles.

Benefits of Trading Coinbase Weekly Contracts

There are several benefits to trading Coinbase weekly contracts:

Leverage: Contracts allow you to trade with leverage, which magnifies your potential profits but also increases your potential losses.
Flexibility: Contracts offer flexibility in terms of expiration dates, allowing you to choose contracts that align with your preferred trading timeline.
Liquidity: Coinbase weekly contracts benefit from significant liquidity due to their alignment with CME Bitcoin futures, which ensures ample market depth and efficient execution of orders.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

SHOGGOTH

$0.1397

71.16%

Trade Now
LUNA

$0.0862

57.17%

Trade Now
DEGEN

$0.0250

37.50%

Trade Now
BULL

$0.0809

34.75%

Trade Now
GODS

$0.2189

27.27%

Trade Now
CAT

$0.0...04845

25.43%

Trade Now

Latest Crypto News

WallitIQ (WLTQ): Investors Positioning For A 34,000% ROI As Dogecoin And Shiba Inu Prices Compete For Dominance
2024-11-15 10:15:01
Fetch.ai (FET) Lags Behind Other AI Coins, Raising Concerns About Its Ability to Maintain Its Position
2024-11-15 10:15:01
Qubetics Redefines Cross-Border Payments with Blockchain, Targeting $707,000 Investment Potential While Algorand and Cosmos Ecosystem Lead November 2024
2024-11-15 10:15:01
Bitcoin Eyes $100,000 as It Continues Its Bullish Uptrend, Inspired by the Notorious Internet Meme, Pepe Outshines Everyone
2024-11-15 10:15:01
Dogecoin Soars After President-Elect Donald Trump Announces the Creation of the Department of Government Efficiency (DOGE)
2024-11-15 08:15:02
PEPE the Meme Coin with a Frog Mascot Took the Crypto World by Storm
2024-11-15 10:15:01

Related knowledge

How to calculate Upbit contract rate

Nov 15,2024 at 04:47am

A Comprehensive Guide to Calculating Upbit Contract RatesUpbit, a leading South Korean cryptocurrency exchange, offers a comprehensive suite of trading options, including cryptocurrency spot trading, margin trading, and futures contracts trading. Futures contracts are financial instruments that allow traders to speculate on the future price of an asset,...

How long does it take for Upbit contract settlement

Nov 14,2024 at 10:10pm

How Long Does It Take for Upbit Contract Settlement?Upbit, a renowned South Korean cryptocurrency exchange, offers a diverse range of trading options, including spot trading and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price movements of underlying assets without taking physical possess...

What is Upbit contract trading

Nov 14,2024 at 10:46pm

What is Upbit Contract Trading?Upbit is a South Korean cryptocurrency exchange that offers a wide range of trading options, including spot trading, margin trading, and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price of a cryptocurrency without having to actually own the underlying asset....

What does Upbit contract trading mean

Nov 14,2024 at 10:22pm

What Does Upbit Contract Trading Mean?IntroductionUpbit, a leading South Korean cryptocurrency exchange, offers a range of trading options, including contract trading. Contract trading is a derivative instrument that allows traders to speculate on the price movements of underlying assets without owning them directly. This can provide opportunities for b...

How to read Upbit contract K-line

Nov 14,2024 at 02:44pm

How to Read Upbit Contract K-lineUpbit is a popular South Korean cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and contract trading. Contract trading is a type of futures trading that allows traders to speculate on the future price of a cryptocurrency without actually owning the underlying asse...

Tutorial on Upbit currency-based contracts

Nov 14,2024 at 06:30pm

Tutorial on Upbit Currency-Based ContractsUpbit is a well-known cryptocurrency exchange in South Korea that offers a variety of trading options, including currency-based contracts. These contracts are a type of derivative that allows traders to speculate on the price of an underlying asset, such as Bitcoin or Ethereum, without having to own the asset it...