How does the first notice day for cryptocurrency futures work?

3 answers

• Dec 17, 2021 · 3 years ago
  On the first notice day for cryptocurrency futures, traders who hold open positions in the expiring contract are notified by the exchange about the upcoming expiration. This notice informs traders that they must either close their positions or roll them over to the next contract month. It is an important day for traders as it marks the beginning of the delivery process for physical settlement of the futures contract. Traders should be aware of the specific rules and deadlines set by the exchange for the first notice day to avoid any potential issues or penalties.
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• Dec 17, 2021 · 3 years ago
  The first notice day for cryptocurrency futures is the day when traders are notified about the intent to deliver the underlying asset. It is the first step towards the physical settlement of the futures contract. Traders need to be prepared for this day and take appropriate actions based on their trading strategy. It is recommended to closely monitor the market and be aware of any announcements or updates from the exchange regarding the first notice day.
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• Dec 17, 2021 · 3 years ago
  On the first notice day for cryptocurrency futures, traders need to be aware of their open positions in the expiring contract. They should review their trading strategy and decide whether to close their positions or roll them over to the next contract month. It is important to understand the specific rules and procedures set by the exchange for the first notice day to ensure a smooth transition and avoid any potential disruptions in trading activities. BYDFi, a leading cryptocurrency exchange, provides comprehensive information and guidelines for traders to navigate through the first notice day smoothly.
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