OKX Expands ETHUSD-Margined Futures Expiry Dates to Boost Liquidity

Tony Kim  Jun 12, 2024 22:51  UTC 14:51

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OKX, a leading cryptocurrency exchange, has announced an adjustment to the expiration date rules for ETHUSD-margined futures, a move aimed at enhancing market liquidity and providing more trading opportunities, according to OKX.

New Expiry Dates for ETHUSD-Margined Futures

Starting at 8:00 am UTC on June 21, 2024, OKX will expand the available durations for ETHUSD-margined futures. The new durations include weekly, bi-weekly, monthly, bi-monthly, quarterly, and bi-quarterly options. This is an extension from the current offerings which only include weekly, bi-weekly, quarterly, and bi-quarterly durations.

Detailed Adjustment Schedule

Following the adjustment, new futures will be generated with expiration dates on July 5, July 26, and August 30, 2024. The complete list of available expiration dates for newly listed futures is as follows:

  • ETHUSD: June 28, 2024
  • ETHUSD: July 5, 2024
  • ETHUSD: July 26, 2024
  • ETHUSD: August 30, 2024
  • ETHUSD: September 27, 2024
  • ETHUSD: December 27, 2024

Futures Generation Rules

OKX has also detailed the futures generation rules for different expiry futures types. BTCUSDT, BTCUSD, and ETHUSD futures will have six available durations: weekly, bi-weekly, monthly, bi-monthly, quarterly, and bi-quarterly. Other types such as Non-BTCUSDT, Non-BTCUSD, and Non-ETHUSD will continue to have four available durations: weekly, bi-weekly, quarterly, and bi-quarterly.

Expiration and Listing Timelines

The expiration dates and times for different futures types are standardized. For weekly futures, expiration occurs every Friday at 8:00 am UTC. Monthly futures will expire on the last Friday of the month, while quarterly futures will expire on the last Friday of each calendar quarter.

New futures will be listed at 8:00 am UTC. If the expiration dates for new and existing futures do not coincide, bi-weekly futures will be listed every Friday, bi-monthly futures every third-to-last Friday of the month, and bi-quarterly futures every third-to-last Friday of the expiration month.

If expiration dates overlap with existing futures, the new futures will not be listed. For example, if there are already monthly futures expiring on a specific date, a new bi-weekly future set to expire on the same day will not be listed.

Market Implications

This adjustment comes as part of OKX's ongoing efforts to enhance trading experience and market liquidity. By offering a broader range of expiration dates, traders can better manage their positions and hedge their risks.

Industry analysts note that such changes can significantly impact market dynamics, potentially leading to increased trading volumes and improved price discovery for ETHUSD futures. As more traders participate, the overall market depth and liquidity are expected to see positive effects.

For more information on these changes and other updates, users are encouraged to visit the official OKX Support Center.

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