Expiration is the moment when the term of a derivative financial contract approaches its end. For crypto traders, understanding what expiration is and how it functions is a critically important skill that influences trading success. Proper management of expiration involves knowing when and how to close or roll over positions, as well as understanding the implications of expiration dates on pricing and risk. Mastering this aspect allows traders to optimize their strategies, avoid unexpected losses, and capitalize on market movements around expiration times. Whether dealing with options, futures, or other derivatives, a clear grasp of expiration mechanics is essential for effective trading and risk management in the volatile world of cryptocurrencies.