Intercontinental Exchange has introduced a new BNB futures contract referenced by CoinDesk, according to Foresight News. The product features clear specifications for operators seeking precise trading hours in London. Currently priced at $619.00, BNB continues to attract institutional interest for derivative instruments.
BNB Contract Specifications
The contract size is set at 50 times the CoinDesk reference price of BNB. The minimum quotation unit is fixed at $0.5 per BNB, which corresponds to a contract value of $25. This structure allows traders to fine-tune their positions with standardized increments.
Trading Hours in London Time
Trading occurs from Monday to Friday, operating from 20:00 to 18:00, with a special opening on Sundays starting at 18:00 (London time). The last trading day is set for the last Friday of the expiration month, closing at 16:00 London time. This trading hours structure in London time ensures compatibility with major global trading centers.
Settlement and Reference Price
Settlement is cash-based, using CoinDesk’s London settlement price for BNB. This mechanism ensures transparency and compliance with international reference standards, providing market participants with certainty about the final valuation method of their positions.
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ICE Launches BNB Futures with 24-Hour Trading Rules in London
Intercontinental Exchange has introduced a new BNB futures contract referenced by CoinDesk, according to Foresight News. The product features clear specifications for operators seeking precise trading hours in London. Currently priced at $619.00, BNB continues to attract institutional interest for derivative instruments.
BNB Contract Specifications
The contract size is set at 50 times the CoinDesk reference price of BNB. The minimum quotation unit is fixed at $0.5 per BNB, which corresponds to a contract value of $25. This structure allows traders to fine-tune their positions with standardized increments.
Trading Hours in London Time
Trading occurs from Monday to Friday, operating from 20:00 to 18:00, with a special opening on Sundays starting at 18:00 (London time). The last trading day is set for the last Friday of the expiration month, closing at 16:00 London time. This trading hours structure in London time ensures compatibility with major global trading centers.
Settlement and Reference Price
Settlement is cash-based, using CoinDesk’s London settlement price for BNB. This mechanism ensures transparency and compliance with international reference standards, providing market participants with certainty about the final valuation method of their positions.