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What are the first notice day futures for cryptocurrencies?

avatarDeepak Singh MaharaDec 15, 2021 · 3 years ago3 answers

Can you explain what the first notice day futures for cryptocurrencies are and how they work?

What are the first notice day futures for cryptocurrencies?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure! The first notice day futures for cryptocurrencies refer to the date on which a trader who holds a futures contract must indicate their intention to either take delivery of the underlying cryptocurrency or roll over their position to the next contract month. It is an important date in futures trading as it marks the beginning of the delivery process. Traders need to be aware of this day and make necessary decisions based on their trading strategies.
  • avatarDec 15, 2021 · 3 years ago
    The first notice day futures for cryptocurrencies are essentially a notice period given to traders who hold futures contracts. It allows them to decide whether they want to take physical delivery of the cryptocurrency or close their position before the contract expires. This notice period is important for traders to plan their trading activities and manage their positions effectively.
  • avatarDec 15, 2021 · 3 years ago
    The first notice day futures for cryptocurrencies are significant in the futures market. It is the day when traders are required to notify the exchange of their intention to either take delivery of the cryptocurrency or roll over their position. This process ensures smooth settlement and delivery of the underlying asset. At BYDFi, we provide comprehensive information and support to traders regarding the first notice day futures for cryptocurrencies.