What time does Kraken weekly contract deliver

Kraken's weekly futures contracts expire every Friday at 5:00 PM UTC, settling either physically or in cash depending on the trader's position.

Nov 12, 2024 at 05:54 am

What Time Does Kraken Weekly Contract Deliver?

Introduction:

Kraken is a leading cryptocurrency exchange that offers a range of trading options, including weekly futures contracts. Weekly contracts are derivative instruments that allow traders to speculate on the future price of a cryptocurrency without having to hold the underlying asset. They expire every Friday at a predetermined time.

Delivery Time:

The delivery time for Kraken weekly contracts is 5:00 PM UTC on Fridays. At this time, the contracts expire and the trader receives or pays the difference between the contract price and the underlying asset's price.

Settlement Process:

• Physical Delivery: If the trader holds a long contract, they receive the underlying asset at the delivery price. If they hold a short contract, they must deliver the underlying asset at the delivery price.
• Cash Settlement: If the trader does not hold the underlying asset, they receive or pay the difference in value between the contract price and the underlying asset's price.

Trading Hours:

Kraken weekly contracts are traded 24/7, but they can only be opened and closed during certain hours. The trading hours vary depending on the contract and can be found in the contract specifications.

Trading Fees:

Kraken charges a maker-taker fee for all trades. The maker fee is a fee paid by traders who place orders that add liquidity to the order book, while the taker fee is a fee paid by traders who place orders that remove liquidity from the order book. The fee structure for weekly contracts can be found in the fee schedule.

Margin Trading:

Kraken offers margin trading for weekly contracts, which allows traders to borrow funds to increase their trading size. Margin trading can amplify both profits and losses, so it is important to trade responsibly.

Risk Management:

Weekly contracts are leveraged products and involve a high level of risk. Traders should carefully consider their risk tolerance and manage their positions accordingly. Stop-loss orders and other risk management tools can help to mitigate losses.

Order Types:

Kraken supports a variety of order types for weekly contracts, including market orders, limit orders, and stop-limit orders. Traders can choose the order type that best suits their trading strategy.