What is the first notice day for futures contracts in the cryptocurrency market?

3 answers

• Dec 27, 2021 · 3 years ago
  The first notice day for futures contracts in the cryptocurrency market is the day when the exchange notifies traders of their intent to deliver the underlying asset. It usually occurs a few days before the contract expiration date. Traders who hold open positions on the first notice day may be required to take physical delivery of the cryptocurrency or settle in cash, depending on the terms of the contract. It is an important date for traders to be aware of, as it can impact their trading strategies and risk management plans.
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• Dec 27, 2021 · 3 years ago
  The first notice day for futures contracts in the cryptocurrency market is like a heads-up for traders. It's the day when the exchange lets them know that they might have to either take delivery of the actual cryptocurrency or settle in cash. This usually happens a few days before the contract expires. Traders need to pay attention to this date because it can affect their trading decisions. If they don't want to deal with the hassle of physical delivery, they might want to close out their positions before the first notice day.
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• Dec 27, 2021 · 3 years ago
  The first notice day for futures contracts in the cryptocurrency market is an important event for traders and investors. It is the day when the exchange notifies traders that they may be required to take delivery of the underlying cryptocurrency or settle in cash. This date is typically a few days before the contract expiration date. Traders need to be aware of the first notice day as it can have implications for their trading strategies and risk management. It is advisable to consult the specific contract specifications and terms to understand the exact requirements and implications of the first notice day for a particular futures contract in the cryptocurrency market.
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