What happens when the countdown reaches zero in Binance futures?

3 answers

• sourabh patelJul 11, 2021 · 4 years ago
  When the countdown reaches zero in Binance futures, it signifies the end of a specific trading period. This countdown is usually associated with the expiration of a futures contract. At this point, the contract is settled, and the final price is determined based on the underlying asset's market price. The settlement process involves closing out positions and calculating profits or losses for traders. It's important to note that the countdown reaching zero doesn't directly affect ongoing trades or positions. It primarily marks the end of the contract and triggers the settlement process.
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• ozanerdenSep 18, 2024 · 10 months ago
  In Binance futures, when the countdown reaches zero, it means that the futures contract has expired. This expiration is significant because it determines the final settlement price. The settlement price is calculated based on the average price of the underlying asset during a specific time period before the expiration. Traders' positions are closed at this settlement price, and profits or losses are realized. It's crucial for traders to be aware of the countdown and understand the implications of contract expiration to manage their positions effectively.
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• Houston PerssonSep 13, 2024 · 10 months ago
  When the countdown in Binance futures reaches zero, it's time for settlement. During settlement, the contract is closed, and the final settlement price is determined. This price is based on the average price of the underlying asset over a specific time period. Traders' positions are settled at this price, and profits or losses are calculated accordingly. It's important to note that Binance futures operates independently of BYDFi, so the settlement process and countdown reaching zero are specific to Binance futures only.
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