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What time will the ProBit Global contract be delivered this week?
ProBit Global adheres to a precise schedule for delivering futures contracts, ensuring that expiring contracts are settled each Friday at 8:00 AM UTC.
Nov 26, 2024 at 06:22 pm
ProBit Global Contracts Delivery Schedule for the Week
ProBit Global, a highly respected cryptocurrency exchange, adheres to a meticulous schedule for delivering futures contracts. The following comprehensive guide will provide detailed information about the delivery times of contracts for the current week.
1. Delivery Time
- All ProBit Global contracts, except for perpetual contracts, expire and are settled on a weekly basis.
- The delivery time for all expiring contracts is 8:00 AM UTC on the settlement date.
2. Settlement Date
- The settlement date varies depending on the contract type.
- For most contracts, the settlement date is the Friday of the delivery week.
- Please refer to the table below for the settlement dates of all available contracts:
| Contract Type | Weekly Settlement Date |
|---|---|
| BTCUSDT | Friday |
| ETHUSDT | Friday |
| BNBUSDT | Friday |
| XRPUSDT | Friday |
| ADAUSDT | Friday |
| DOTUSDT | Friday |
| SOLUSDT | Friday |
| DOGEUSDT | Friday |
| SHIBUSDT | Friday |
| LTCUSDT | Friday |
3. Perpetual Contracts
- Perpetual contracts do not have a set expiration date and are traded continuously.
- Therefore, they are not subject to weekly delivery.
4. Expiry Mechanism
- For expiring contracts, the exchange automatically closes all open positions at the settlement price on the delivery date.
- The settlement price is determined based on the spot price of the underlying asset at the time of delivery.
5. Delivery Process
- If a trader holds a long position in an expiring contract, they will receive the underlying asset at the settlement price.
- If a trader holds a short position, they will be required to deliver the underlying asset at the settlement price.
- The delivery process is seamless and fully automated by the exchange.
6. Contract Specifications
- The contract specifications, including the underlying asset, contract size, leverage ratio, and trading hours, vary for each contract type.
- Traders are strongly advised to carefully review the contract specifications before entering any trades.
7. Risks Associated with Futures Contracts
- Futures contracts involve a high level of risk.
- Leverage trading can amplify both profits and losses.
- Traders should only trade with capital that they can afford to lose.
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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