All Coinbase Derivatives contracts are cash-settled.
Cash settlement involves settling the futures contract by exchanging cash instead of physical delivery of the underlying asset. Please see the product’s rule for its specific information related to daily and final settlement.
Futures Product | Exchange Rule | Daily Settlement | Final Settlement |
|---|---|---|---|
Bitcoin futures | 1108 | 3:00 PM CT | 4:00 PM London time on the last Friday of the contract month. |
Ether futures | 1109 | 3:00 PM CT | 4:00 PM London time on the last Friday of the contract month. |
nano Bitcoin futures | 1106 | 3:00 PM CT | 4:00 PM London time on the last Friday of the contract month. |
nano Ether futures | 1107 | 3:00 PM CT | 4:00 PM London time on the last Friday of the contract month. |
Bitcoin Cash futures | 1110 | 3:00 PM CT | 4:00 PM London time on the last Friday of the contract month. |
Litecoin futures | 1111 | 3:00 PM CT | 4:00 PM London time on the last Friday of the contract month. |
Dogecoin futures | 1112 | 3:00 PM CT | 4:00 PM London time on the last Friday of the contract month. |
Micro Crude Oil | 1105 | 1:30 PM CT | Trading terminates at 1:30 PM CT four (4) Business days prior to the 25th calendar day of the month prior to the Contract month. Expiration occurs the following business day. |