The daily settlement mechanism of OKX delivery contract will be applied to BTC delivery contract

Odaily Planet Daily News: According to official announcements, the daily settlement mechanism for OKX delivery contracts will be applied to BTC-USDT and BTC-USDdelivery contracts in full warehouse mode from 4:00 pm (UTC+8) on March 29, 2025. Daily settlement mechanism introduction: Settlement takes place at 4:00 pm (UTC+8) every day. After the settlement is completed, the settlement income of the position will be included in the available balance of the account, and the average opening price of the position will be updated to the latest settlement price. The floating income of the position will be calculated based on the new opening average price. Settlement will not charge any fees and will not affect the size of the position. The settlement price is the average of the marked prices one hour before settlement. Please note that the above settlement mechanism is only applicable to the entire warehouse position.