OKX Expands ETHUSD-Margined Futures Expiry Dates to Boost Liquidity

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.

Image
source:
Shutterstock

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