When will AscendEX's contract be delivered for the week?

When Will AscendEX's Contract Be Delivered for the Week?

AscendEX is a cryptocurrency exchange that offers a variety of services, including spot trading, futures trading, and margin trading. The exchange also offers a variety of contract products, including perpetual contracts and quarterly contracts.

Perpetual contracts are futures contracts that do not have an expiry date. This means that they can be held indefinitely, or until the trader decides to close the position. Quarterly contracts, on the other hand, have an expiry date that is typically three months from the date of listing.

When are AscendEX's contracts delivered?

• Perpetual contracts are not delivered, as they do not have an expiry date.
• Quarterly contracts are delivered on the last business day of the contract month. For example, the March 2023 BTC quarterly contract will be delivered on March 31, 2023.

What happens when a contract is delivered?

When a contract is delivered, the trader will receive or deliver the underlying asset, depending on whether they are holding a long or short position. For example, if a trader is holding a long position in a BTC quarterly contract, they will receive BTC on the delivery date. If they are holding a short position, they will deliver BTC on the delivery date.

What if I don't want to take delivery of the underlying asset?

If a trader does not want to take delivery of the underlying asset, they can close their position before the delivery date. To do this, they will need to sell their long position or buy back their short position.

What are the risks of trading contracts?

There are a number of risks associated with trading contracts, including:

• Price risk: The price of the underlying asset can fluctuate, which can lead to losses for traders.
• Liquidity risk: Contracts can sometimes be illiquid, which can make it difficult to close a position at a desired price.
• Counterparty risk: The exchange that a trader is using could default, which could lead to losses for traders.

How can I reduce the risks of trading contracts?

There are a number of ways to reduce the risks of trading contracts, including:

• Use a reputable exchange: Only trade on exchanges that have a good reputation and are regulated.
• Understand the risks: Make sure you understand the risks of trading contracts before you start trading.
• Trade with a small amount of capital: Only trade with an amount of capital that you can afford to lose.
• Use stop-loss orders: Stop-loss orders can help to limit your losses if the price of the underlying asset moves against you.
• Monitor your positions regularly: Make sure you monitor your positions regularly so that you can close them if the market conditions change.