OKX Expiry Futures Trading User Agreement

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Welcome to the comprehensive guide on the OKX Expiry Futures Trading User Agreement, a foundational document that outlines your rights, responsibilities, and the operational framework when engaging in expiry futures trading on one of the world’s leading digital asset platforms. Whether you're an experienced trader or new to leveraged derivatives, understanding this agreement is essential for secure, compliant, and strategic participation in crypto futures markets.

This rewritten version maintains the original intent and legal precision while enhancing readability, SEO performance, and user engagement—ensuring clarity without compromising compliance.

Overview of the Agreement

The Expiry Futures Trading Service (referred to as the "Service") provided by OKX enables users to trade digital assets at predetermined prices on specific future dates. Depending on your jurisdiction and account status, the service is offered by the applicable OKX entity responsible for your onboarding.

👉 Discover how OKX empowers traders with advanced futures tools and risk controls.

By accessing or using the Service, you enter into a legally binding agreement with OKX ("we", "us", or "our"). This document governs all aspects of your interaction with the platform, including margin trading, position management, and risk mitigation procedures.

You confirm that you have read, understood, and agreed to all terms herein—including any future amendments—and acknowledge clauses that may limit liability or affect user rights. If you do not accept these terms in full, you must immediately cease using the Service.

Unless otherwise defined, capitalized terms follow those outlined in OKX’s general Terms of Service.

Integration With Other Policies

This Agreement incorporates various supplementary documents, including:

These materials become part of the Agreement once published. Continued use of the Service implies acceptance of all related terms, which may be updated periodically. Always review the latest versions available on the OKX platform.

In cases where conflicts arise between this Agreement and other OKX policies, this Agreement takes precedence, unless otherwise stated.

Eligibility Requirements

To use the Expiry Futures Trading Service, you must meet several eligibility criteria:

User Acknowledgments

Prohibited Activities

You agree not to use the Service for:

OKX reserves the right to suspend accounts involved in suspicious or prohibited behavior.

Risk Management Framework

OKX employs multiple safeguards to maintain market integrity and protect user interests. These include:

These measures are detailed in OKX’s public documentation and form an integral part of this Agreement. OKX may update risk controls at any time. Material changes require user acknowledgment before continued access.

If your positions pose systemic risk to other users or the platform, OKX has the right to:

Such actions aim to preserve market stability during periods of high volatility.

How the Service Works

Expiry Futures & Margin Trading

The Service allows users to engage in Expiry Futures Trading, where contracts settle on a fixed date. Additionally, users can access Margin Trading, borrowing digital assets to increase exposure.

To participate in margin trading:

  1. Deposit approved collateral (digital assets or fiat currency) into your Margin Account
  2. Grant OKX a security interest over the deposited margin
  3. Open long or short positions using available leverage

Orders can be placed via:

Once executed, orders cannot be canceled or amended.

Interest & Borrowing Costs

When borrowing digital assets:

For details on calculation methodology:
👉 Learn how OKX calculates interest transparently and fairly.

Failure to maintain required equity may trigger forced repayment or liquidation.

Contract Settlement & Delivery

Weekly Contract Expiry

Every Friday at 08:00 UTC, all weekly expiry futures positions are automatically closed:

Funds added to your balance are immediately withdrawable.

Daily Settlement (Selected Contracts)

Certain contracts—including BTC-USDT, BTC-USD, ETH-USDT, ETH-USD—in cross-margin mode undergo daily settlement at 08:00 UTC:

Settlement price = average of mark prices over the last hour before settlement.

Exemptions apply on:

Leverage & Margin Rules

OKX may offer leverage—amplifying potential returns (and risks)—based on your collateral. Leverage is expressed as a multiple (e.g., 10x, 25x).

Key points:

You must maintain minimum maintenance margin levels. If equity falls below this threshold:

Monitor your position health closely to avoid unexpected closures.

Repayment & Margin Release

You may repay borrowed assets and accrued interest at any time:

If you stop using the Service—or it is terminated—you authorize OKX to deduct outstanding amounts (principal, interest, fees) directly from your margin holdings.

Security Interests & Collateral Rights

All margin deposits serve as continuing security for your obligations under this Agreement. You grant OKX a first-priority security interest and lien over all assets in your Margin Account.

This includes:

Security remains enforceable even after partial repayments and applies regardless of other guarantees held by OKX.

You also appoint OKX as your irrevocable attorney-in-fact to:

Such powers ensure swift enforcement if defaults occur.

Representations & Warranties

You represent and warrant that:

  1. Margin sources are legal and ownership is undisputed
  2. Deposited assets are free from liens or encumbrances
  3. No litigation, freeze, or enforcement actions affect your assets
  4. You will not infringe OKX’s rights
  5. You are not on any government sanctions list
  6. You will notify OKX promptly if any representation becomes inaccurate

Failure to uphold these warranties may result in service suspension and liability for damages incurred by OKX.

Limitation of Liability

Risk Disclosure Summary

Your use of the Service is at your own risk. Key disclaimers include:

Users must independently assess risks and consult professionals before trading.

Excluded Liabilities

OKX is not liable for losses arising from:

No liability is assumed for indirect, consequential, or lost-profit damages.

Prohibited Trading Behavior

OKX strictly prohibits unfair practices such as:

OKX may take unilateral actions including:

You waive claims for losses resulting from such interventions and agree to indemnify OKX against related liabilities.

Indemnification Clause

You agree to defend, indemnify, and hold harmless OKX from:

This includes covering reasonable legal fees and damages awarded in disputes.

No Advisory Relationship

Nothing in this Agreement constitutes business, legal, financial, or tax advice. OKX is not your broker, agent, or fiduciary.

You are solely responsible for:

OKX does not recommend buying, selling, or holding any digital asset.

Third Party Links Disclaimer

Links to external websites are for convenience only. OKX does not endorse third-party content, products, or services. You assume all risks when interacting with external platforms.

Each third party operates independently; their terms and privacy policies apply separately.

Governing Law & Dispute Resolution

Jurisdiction

These Terms are governed by English law, excluding conflict-of-law principles.

Arbitration Process

Disputes will follow a two-stage process:

  1. Mediation: Initiated at the Hong Kong International Arbitration Centre (HKIAC) under its mediation rules.
  2. Arbitration: If unresolved within 90 days, final resolution via HKIAC-administered arbitration under Hong Kong law.

Key arbitration terms:

Miscellaneous Provisions

Amendments & Updates

OKX may modify these Terms at any time without prior notice. Changes are effective upon publication. Continued use constitutes acceptance.

Always check for updates regularly.

Communication Protocol

Formal communication occurs via email to [email protected]. English prevails in case of discrepancies between language versions.

Severability & Enforceability

If any clause is found invalid, the remainder remains enforceable. Invalid clauses may be reformed to meet minimum legal requirements.

Assignment & Waiver

You may not transfer rights under this Agreement without OKX’s written consent. OKX may assign its rights with notice.

Failure to enforce a right does not constitute waiver.

Headings & Interpretation

Section headings are for navigation only and carry no legal weight.

In case of conflict between translated versions and English text, the English version controls.

OKX retains sole discretion in interpreting these Terms.

Frequently Asked Questions (FAQ)

Q1: What happens if my position gets liquidated?

A: If your equity drops below maintenance margin, OKX may automatically close your position to prevent further losses. Any shortfall remains your responsibility.

Q2: Can I withdraw my margin during active trades?

A: Only excess margin beyond required levels can be withdrawn. Active positions lock up necessary collateral until closure or repayment.

Q3: How often are interest rates updated?

A: Rates adjust hourly based on borrowing demand. You can view current rates in real time within your trading interface.

Q4: Are there penalties for early repayment?

A: No. You may repay borrowed assets at any time without penalty. Accrued interest up to that point still applies.

Q5: Does daily settlement affect my profit?

A: Daily settlement credits realized gains/losses but doesn’t change overall profitability—it resets entry price for ongoing PnL tracking.

Q6: Who controls the settlement price?

A: Settlement prices are algorithmically calculated using verifiable market data (e.g., mark price averages), ensuring transparency and fairness.

👉 Start trading expiry futures with powerful tools and robust security—experience OKX today.