The daily settlement mechanism of OKX futures contracts will be applied to BTC futures contracts

ChainCatcher news, according to the official announcement, the OKX futures contract daily settlement mechanism will be applied to the BTC-USDT and BTC-USD futures contracts in full margin mode on March 29, 2025, at 4:00 PM (UTC+8).

Daily settlement mechanism: Settlement will occur every day at 4:00 PM (UTC+8). After the settlement is completed, the settlement profits will be credited to the account's available balance, the average opening price of the position will be updated to the most recent settlement price, and the floating profits of the position will be calculated based on the new opening price. There will be no fees for the settlement, and it will not affect the position size. The settlement price will be the average of the mark prices in the hour preceding the settlement. Please note that the above settlement mechanism is only effective for full margin positions.