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What is the expiration time for BitMEX contracts?

avatarFinn TychsenDec 18, 2021 · 3 years ago3 answers

Can you please explain the expiration time for contracts on BitMEX? How does it work and what are the implications for traders?

What is the expiration time for BitMEX contracts?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    The expiration time for contracts on BitMEX refers to the date and time when a contract or derivative product offered by BitMEX expires. This expiration time is predetermined and is an important factor for traders to consider when entering into positions. When a contract expires, it is settled based on the prevailing market price at that time. Traders need to be aware of the expiration time to manage their positions effectively and avoid any unexpected outcomes.
  • avatarDec 18, 2021 · 3 years ago
    BitMEX contracts have a fixed expiration time, which is typically at 08:00 UTC on the specified date. This means that traders need to close their positions or roll them over to a new contract before the expiration time to avoid any unwanted liquidation or settlement. It's important to note that the expiration time may vary depending on the specific contract and market conditions, so it's always recommended to check the contract details and stay updated with any changes or announcements from BitMEX.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that BitMEX is not the only exchange that offers contracts with expiration times. Other popular exchanges like Binance and Bybit also have similar features. The expiration time for contracts on these exchanges may vary, so it's important for traders to familiarize themselves with the specific terms and conditions of each exchange. Understanding the expiration time is crucial for successful trading and risk management in the cryptocurrency market.