ETH Coin-Margined Delivery Contracts with Monthly Expirations Now Live on OKX

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Ethereum (ETH) traders now have more flexibility and opportunity in their futures strategies with the introduction of new monthly-expiring, coin-margined delivery contracts on OKX. Designed to enhance market liquidity and support diverse trading preferences, these contracts offer precise exposure to ETH price movements with clearer expiration cycles. This update marks a significant step forward for derivatives traders seeking greater control and timing options in their positions.

Starting June 21, 2024, at 4:00 PM UTC+8, OKX will adjust the expiration schedule for ETHUSD coin-margined delivery contracts, expanding from four to six available maturities. The new structure introduces monthly expirations, complementing the existing weekly and quarterly options. This enhancement allows traders to better align their strategies with market events, macroeconomic data releases, or project-specific timelines within the Ethereum ecosystem.

Expanded Expiration Schedule for Greater Flexibility

The updated contract lineup now includes weekly, bi-weekly, monthly, bimonthly, quarterly, and bi-quarterly expiry dates, giving traders a broader range of time horizons. After the settlement of the June 21 contract, the following ETHUSD delivery contracts will be active on the platform:

This expanded structure ensures deeper market depth and improved hedging capabilities—especially valuable during volatile periods or major network upgrades like Ethereum’s upcoming protocol enhancements.

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How the New Contract Generation Works

The system automatically generates new delivery contracts based on predefined rules tied to expiration cycles. For major pairs like ETHUSD, the platform maintains six active contracts at any given time:

Each contract expires at 4:00 PM UTC+8 on its designated Friday. Weekly contracts settle every Friday, monthly ones on the last Friday of the month, and quarterly contracts on the last Friday of each quarter.

New contracts are listed automatically:

Importantly, if a newly generated contract would have the same expiration date as an existing one (e.g., a monthly and weekly expiry falling on the same day), no duplicate contract is created. This prevents redundancy and maintains clean market data.

Benefits of Monthly Coin-Margined Contracts

Coin-margined contracts use the underlying cryptocurrency—in this case, ETH—as both collateral and settlement asset. This structure offers several advantages:

Monthly expirations fill a critical gap between short-term weekly trades and long-dated quarterly bets. They are ideal for:

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These terms reflect common search queries from active crypto traders looking for detailed information on contract specifications, expiration dates, and trading strategies.

Frequently Asked Questions (FAQ)

What are coin-margined delivery contracts?

Coin-margined delivery contracts use the base cryptocurrency (like ETH) as margin and settle in that same asset. For example, an ETHUSD contract is margined and settled in ETH, making it ideal for traders who want to maintain crypto exposure while speculating on price movements against the U.S. dollar.

Why did OKX add monthly expiration dates for ETH futures?

Monthly expirations bridge the gap between short-term weekly contracts and longer-term quarterly ones. They give traders more precise tools to express market views over a 30-day window—perfect for aligning with expected developments in the Ethereum ecosystem or broader macroeconomic cycles.

When are ETHUSD contracts settled?

All ETHUSD delivery contracts settle at 4:00 PM UTC+8 on their expiration date. Weekly contracts expire every Friday, monthly ones on the last Friday of the month, and quarterly contracts on the last Friday of March, June, September, and December.

How are new contracts listed?

New contracts are automatically listed after the previous cycle settles. Next-week contracts appear every Friday. Next-month contracts are listed on the third-to-last Friday of each month. Next-quarter contracts launch on the third-to-last Friday of January, April, July, and October—unless they overlap with an existing contract.

Can I trade these contracts with leverage?

Yes. OKX supports configurable leverage on coin-margined delivery contracts, allowing experienced traders to amplify their positions. However, higher leverage increases liquidation risk, so proper risk management is essential.

Are these changes only for ETH?

While this update focuses on ETHUSD, similar structures apply to other major pairs like BTCUSD. Non-major pairs continue to support only four contract types: current week, next week, current quarter, and next quarter.

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Final Thoughts

The introduction of monthly-expiring ETH coin-margined delivery contracts reflects OKX’s commitment to delivering sophisticated financial instruments tailored to professional traders and long-term investors alike. With enhanced expiration options, clearer settlement rules, and robust infrastructure, traders can now execute more nuanced strategies with confidence.

Whether you're hedging a portfolio, capitalizing on short-term volatility, or positioning for long-term growth in the Ethereum ecosystem, these new contracts provide the flexibility and precision needed in today’s dynamic crypto markets.