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When does the Gate.io contract settle?
The settlement time for Gate.io futures contracts varies depending on the contract type, but the settlement day is typically the last Friday of each quarter at 08:00 UTC.
Nov 09, 2024 at 01:54 am
When does the Gate.io contract settle?
Introduction:
Gate.io is a cryptocurrency exchange that offers a variety of trading products, including spot trading, margin trading, and futures trading. Futures contracts are agreements to buy or sell an asset at a specified price on a future date. On Gate.io, futures contracts settle on a daily basis, meaning that the positions are closed and the profits or losses are realized.
Steps to Find Out When a Gate.io Contract Settles:
The settlement time for Gate.io futures contracts varies depending on the contract type. Here's a step-by-step guide to find out when a specific contract settles:
Visit the Gate.io website and log in to your account:
- Once logged in, hover over the "Futures" tab in the top menu and select the "Contracts" option from the dropdown menu.
Select the contract you want to trade:
- On the "Contracts" page, you will see a list of all available futures contracts.
- Find the contract you want to trade and click on it to open the contract details page.
Check the "Contract Info" section:
- On the contract details page, scroll down to the "Contract Info" section.
- Here, you will find the "Settlement Time" for the contract.
Examples of Settlement Times for Different Gate.io Contracts:
- BTCUSD Quarterly Futures: Settles at 08:00 UTC on the last Friday of each quarter.
- ETHUSD Quarterly Futures: Settles at 08:00 UTC on the last Friday of each quarter.
- BCHUSD Quarterly Futures: Settles at 08:00 UTC on the last Friday of each quarter.
- LTCUSD Quarterly Futures: Settles at 08:00 UTC on the last Friday of each quarter.
- XRPUSD Quarterly Futures: Settles at 08:00 UTC on the last Friday of each quarter.
Important Notes:
- The settlement time for Gate.io futures contracts is subject to change.
- It is always advisable to check the contract details page for the most up-to-date settlement time information.
- If you have any open positions in a futures contract that is about to settle, you will need to close your positions before the settlement time to avoid any potential losses.
Additional Information:
- Gate.io also offers perpetual futures contracts, which do not have a fixed settlement date.
- Perpetual futures contracts are designed to be traded continuously, and there is no need to close your positions before a specific settlement time.
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！
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