What time does the Bitget contract settle?

Bitget's USDT-Margined contracts, including Weekly Contracts, settle every Friday at 08:00 UTC.

Nov 12, 2024 at 11:11 pm

What Time Does the Bitget Contract Settle?

Bitget, a leading cryptocurrency exchange, offers a wide range of contract trading options for its users. One of the key aspects of contract trading is understanding when contracts settle, as this can impact your trading strategy and potential profits. In this article, we will explore the settlement times for Bitget contracts and provide detailed information on each type of contract.

Types of Bitget Contracts

Bitget offers two main types of contracts:

• USDT-Margined Contracts: These contracts are settled in USDT, a stablecoin pegged to the US dollar. This means that the settlement price will be in USDT, and any profits or losses will also be in USDT.
• Coin-Margined Contracts: These contracts are settled in the underlying cryptocurrency, such as BTC or ETH. This means that the settlement price will be in the respective cryptocurrency, and any profits or losses will also be in that cryptocurrency.

Settlement Times for Bitget Contracts

The settlement time for Bitget contracts varies depending on the type of contract and the underlying asset. Here is a detailed breakdown of the settlement times for each type of contract:

USDT-Margined Contracts

• Quarterly Contracts: These contracts expire and settle on the last Friday of March, June, September, and December at 08:00 UTC.
• Bi-Quarterly Contracts: These contracts expire and settle on the last Friday of February, May, August, and November at 08:00 UTC.
• Weekly Contracts: These contracts expire and settle every Friday at 08:00 UTC.
• Daily Contracts: These contracts expire and settle every day at 08:00 UTC.

Coin-Margined Contracts

• Quarterly Contracts: These contracts expire and settle on the last Friday of March, June, September, and December at 08:00 UTC.
• Bi-Quarterly Contracts: These contracts expire and settle on the last Friday of February, May, August, and November at 08:00 UTC.
• Weekly Contracts: These contracts expire and settle every Friday at 08:00 UTC.

Conclusion

Understanding the settlement times for Bitget contracts is crucial for successful contract trading. By knowing when contracts expire and settle, you can plan your trading strategy accordingly and avoid any potential losses due to missed settlements. Bitget offers a variety of contract options with varying settlement times, so traders can choose the contracts that best align with their trading style and risk tolerance.