What time does the cme bitcoin futures delivery date arrive?
- WBOYOriginal
- 2024-07-25 19:34:01640browse
The CME Bitcoin futures contract delivery time is from 7 a.m. (U.S. Eastern Time) to 4 p.m. (U.S. Eastern Time) on the penultimate Monday of the contract month. Delivery contract methods include physical delivery and cash settlement, and most contracts are settled in cash. The delivery price is determined by the CME CF Bitcoin Reference Rate (BRR). The delivery date may be adjusted due to holidays, and failure to deliver on time will result in penalties. Cash-settled delivery prices may differ from spot market prices.
CME Bitcoin futures delivery day time
The delivery day of CME Bitcoin futures contract starts from 7 am (US Eastern Time) on the penultimate Monday of its contract month and ends at 4 pm that day Click End. Therefore, the closing time is:
- Start Time: 7am (EST)
- End Time: 4pm (EST)
The Delivery Process
On the Closing Day, Position holders can choose to deliver the contract through the following methods:
- Physical Delivery: Use actual Bitcoin for delivery.
- Cash settlement: Cash settlement based on the reference index price.
Most CME Bitcoin futures contracts are cash-settled.
Delivery Price
The delivery price is determined based on the CME CF Bitcoin Reference Rate (BRR). BRR is a weighted average of Bitcoin prices provided by multiple regulated cryptocurrency exchanges.
Notes
- The delivery date of CME Bitcoin futures contracts may be adjusted due to holidays.
- If delivery is not made in time on the delivery date, the position holder may be fined.
- The cash-settled delivery price may differ from the spot market price.
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