HTX USDT-Margined Delivery Futures is a type of derivative that utilizes cryptocurrency as both margin and settlement currency such as BTC and ETH. Users can profit from their predictions on price increase or decrease of cryptocurrencies by taking long or short futures positions. At contract expiry, both the buyer and seller are obligated to fulfill the contract regardless of the actual price of the underlying asset. Delivery futures contracts are not physically delivered. All the matured positions are closed at the arithmetic average index prices during the last hour before expiry.

Feature

HTX's Coin-Margined Delivery Futures products are denominated in USD and adopt the corresponding base cryptocurrency as margin and settlement currency.

Face Value

Coin-Margined Delivery Futures on HTX are traded in conts. Each cont of futures has a specific face value of cryptocurrency.

(Face value and tick size for each crypto can be found on the Contract Details - Coin-M Delivery page.)

Category

HTX offers three types of Coin-Margined Delivery Futures: Weekly, Bi-weekly, and Quarterly.

• Weekly futures have a delivery day on the nearest Friday to the trading day;
• Bi-weekly futures, on the second nearest Friday to the trading day;
• Quarterly futures, on the last Friday in March, June, September, or December, as long as it does not coincide with the delivery day of Weekly or Bi-weekly futures.

Typically, after system settlement and delivery every Friday, a new Bi-weekly futures is generated.

Special Case: On each third-to-last Friday of the months (March, June, September, and December), the existing quarterly futures is settled and has only two weeks remaining until delivery. If a new bi-weekly futures contract were generated as usual, its expiry date would coincide exactly with the existing quarterly futures contract. To avoid this conflict, the system adjusts its generation rules at this specific time: instead of generating a new bi-weekly contract, it generates a new quarterly contract expiring on the last Friday of the next quarter month (e.g., September after June). The original quarterly contract is then converted into a bi-weekly contract.

Example:

1. Assume you have a quarterly futures contract to mature in September 2020, i.e., 0925. After the settlement on September 11, 2020, at 08:00 (UTC), the system will generate a new 1225 quarterly futures contract (expiring on December 25, 2020). As there are only two weeks left until maturity, this 0925 quarterly futures will be converted to the 0925 bi-weekly futures.
2. After settlement and delivery every Friday at 08:00 (UTC), the K-line chart of the new weekly futures will continue from the original weekly futures. This K-line chart rule also applies to new bi-weekly and quarterly futures.

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HTX se réserve le droit, à sa seule discrétion, de modifier, changer ou annuler cette annonce à tout moment pour une raison quelconque et sans préavis. Le contenu susmentionné n’est fourni qu’à titre informatif, HTX ne donne ni parrainage ni garantie en faveur de tout actif, produit ou promotion numérique sur HTX. Les prix des actifs numériques sont fortement volatiles et le trading comporte un haut risque. Veuillez consulter notre Avertissement sur les Risques.