Binance plans to adjust the calculation method for the settlement price of futures contracts on November 11

ChainCatcher news, according to the official announcement, Binance will adjust the calculation method of the settlement price for futures contracts on November 11, 2024, at 16:00 (UTC+8). The settlement price for futures contracts will be calculated using the average of the price index every second for the last 30 minutes before delivery (from 15:30 to 16:00 UTC+8), totaling 1,800 price indices.

Current contract settlement price calculation: The settlement price for futures contracts is currently calculated based on the average of the price index every second for the last hour before delivery (from 15:00 to 16:00 UTC+8), totaling 3,600 price indices.

New contract settlement price calculation: The new settlement price for futures contracts will be calculated based on the average of the price index every second for the last 30 minutes before delivery (from 15:30 to 16:00 UTC+8), totaling 1,800 price indices.