OKEx Enhances Ethereum-Based Futures Expiry Dates
OKEx, a renowned cryptocurrency exchange, has recently announced a modification to the expiration date regulations for Ethereum (ETH) based futures. The adjustment aims to improve market liquidity and offer more trading opportunities for users.
Extended Expiration Options for ETH Margined Futures
Commencing from 8:00 am UTC on June 21, 2024, OKEx is expanding the range of available durations for ETH-margined futures. The new expiration options include weekly, bi-weekly, monthly, bi-monthly, quarterly, and bi-quarterly choices, providing traders with more comprehensive flexibility compared to the existing offerings.
Breakdown of Adjusted Schedule
Following the update, new futures contracts will feature expiration dates on July 5, July 26, and August 30, 2024. The complete roster of available expiration dates for the newly launched futures includes:
- ETHUSD: June 28, 2024
- ETHUSD: July 5, 2024
- ETHUSD: July 26, 2024
- ETHUSD: August 30, 2024
- ETHUSD: September 27, 2024
- ETHUSD: December 27, 2024
Rules for Futures Generation
OKEx has also outlined the futures generation guidelines for various types of futures with different expiry periods. BTCUSDT, BTCUSD, and ETHUSD futures will offer six durations: weekly, bi-weekly, monthly, bi-monthly, quarterly, and bi-quarterly. On the other hand, non-BTCUSDT, non-BTCUSD, and non-ETHUSD futures will maintain four durations: weekly, bi-weekly, quarterly, and bi-quarterly.
Expiration and Listing Timetables
Standardized expiration dates and times are in place for different futures types. Weekly futures expire every Friday at 8:00 am UTC, while monthly futures expire on the last Friday of each month. Quarterly futures, on the other hand, expire on the last Friday of every calendar quarter.
New futures are listed at 8:00 am UTC, with bi-weekly futures being listed every Friday. Bi-monthly futures are listed on the third-to-last Friday of the month, and bi-quarterly futures are listed on the third-to-last Friday of the expiry month.
In cases where expiration dates coincide with existing futures, the new futures will not be listed to avoid overlaps. 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.
Impact on the Market
This adjustment is part of OKEx’s continuous efforts to enhance the trading environment and boost market liquidity. The broader range of expiration dates is expected to empower traders in managing their positions effectively and hedging against risks.
Industry experts anticipate that these changes can have a significant impact on market dynamics, potentially leading to increased trading volumes and improved price discovery for ETHUSD futures. With more traders participating, a positive effect on market depth and liquidity is foreseen.
For further details on these adjustments and other updates, traders are encouraged to visit the official OKEx Support Center.
Image source: Shutterstock
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