Dear OKX Users,
To enhance market liquidity and expand trading opportunities, OKX will adjust the expiration rules for ETH coin-margined USD-settled futures contracts starting June 21, 2024, at 4:00 PM (UTC+8). The current structure of weekly, bi-weekly, quarterly, and bi-quarterly expirations will be expanded to include monthly and bi-monthly settlements, totaling six expiration periods.
Key Adjustments Overview
ETHUSD Contract Generation
Following the settlement of contracts expiring on June 21, 2024, new contracts will be generated for the following dates:
- July 5, 2024
- July 26, 2024
- August 30, 2024
Post-adjustment, the available contracts will include:
- ETHUSD: Weekly (June 28)
- ETHUSD: Bi-weekly (July 5)
- ETHUSD: Monthly (July 26)
- ETHUSD: Bi-monthly (August 30)
- ETHUSD: Quarterly (September 27)
- ETHUSD: Bi-quarterly (December 27)
Contract Generation Rules
| Feature | Supported Contracts (BTCUSDT, BTCUSD, ETHUSD) | Other Contracts (Non-BTC/ETH) |
|-----------------------|-----------------------------------------------|-------------------------------|
| Expiration Types | 6 active contracts: Weekly, Bi-weekly, Monthly, Bi-monthly, Quarterly, Bi-quarterly | 4 active contracts: Weekly, Bi-weekly, Quarterly, Bi-quarterly |
| Settlement Times | Weekly: Fridays at 4:00 PM (UTC+8)
Monthly: Last Friday of the month at 4:00 PM (UTC+8)
Quarterly: Last Friday of March/June/September/December at 4:00 PM (UTC+8) | Weekly: Fridays at 4:00 PM (UTC+8)
Quarterly: Last Friday of March/June/September/December at 4:00 PM (UTC+8) |
| Listing Schedule | New contracts launch weekly at 4:00 PM (UTC+8). Bi-weekly/monthly/quarterly contracts are added if expiration dates differ from existing contracts. | New contracts launch weekly at 4:00 PM (UTC+8). Bi-weekly/quarterly contracts are added if expiration dates differ. |
👉 Explore ETH futures trading strategies to maximize your market opportunities.
FAQ
Why is OKX adding more expiration dates?
The expansion aims to provide traders with greater flexibility and hedging options, catering to diverse trading strategies.
Will existing positions be affected?
No. Current positions will roll into the adjusted expiration structure seamlessly.
How does this benefit ETH traders?
More expiration dates allow finer risk management and alignment with market events like Ethereum upgrades or macroeconomic announcements.
👉 Learn about advanced futures trading on OKX to stay ahead in volatile markets.
OKX remains committed to delivering innovative products and exceptional service.
OKX Team
June 12, 2024