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What time bitcoin futures expire?

Bitcoin futures are a type of financial instrument that allows investors to buy or sell bitcoin at a predetermined price on a specific date in the future. These futures contracts are traded on various exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board Options Exchange (CBOE), and the Intercontinental Exchange (ICE).One of the key…

Bitcoin futures are a type of financial instrument that allows investors to buy or sell bitcoin at a predetermined price on a specific date in the future. These futures contracts are traded on various exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board Options Exchange (CBOE), and the Intercontinental Exchange (ICE).

One of the key aspects of bitcoin futures is their expiration date. This is the date on which the contract expires, and the buyer and seller must either settle the contract or roll it over to a new expiration date. The expiration date is a crucial factor for investors who are looking to trade bitcoin futures, as it determines when their position will be closed and any profits or losses realized.

So, what time do bitcoin futures expire?

The expiration time for bitcoin futures varies depending on the exchange and the specific contract. For example, CME bitcoin futures contracts expire at 4:00 p.m. Central Time on the final settlement date, which is the last Friday of the expiration month. The final settlement date for CME bitcoin futures is also the same for CBOE bitcoin futures.

On the other hand, ICE bitcoin futures contracts expire at 4:00 p.m. Eastern Time on the third Friday of the expiration month. This means that the expiration time for ICE bitcoin futures is different from CME and CBOE bitcoin futures.

It’s important to note that bitcoin futures contracts can be settled in two ways: cash settlement and physical settlement. Cash settlement means that the buyer or seller receives a cash payment equal to the difference between the contract price and the market price at the time of expiration. Physical settlement, on the other hand, means that the buyer or seller receives actual bitcoin at the contract price.

CME and CBOE bitcoin futures contracts are settled in cash, while ICE bitcoin futures contracts are settled in bitcoin. This means that investors who hold ICE bitcoin futures contracts at expiration will receive actual bitcoin, while investors who hold CME and CBOE bitcoin futures contracts will receive a cash payment.

In conclusion, the expiration time for bitcoin futures varies depending on the exchange and the specific contract. CME and CBOE bitcoin futures contracts expire at 4:00 p.m. Central Time on the final settlement date, which is the last Friday of the expiration month. ICE bitcoin futures contracts expire at 4:00 p.m. Eastern Time on the third Friday of the expiration month. It’s important for investors to be aware of the expiration date and time when trading bitcoin futures, as it can impact their positions and potential profits or losses.

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