OKX Introduces USDT-Margined Perpetual Futures for ATH Crypto

OKX has introduced the itemizing of USDT-margined perpetual futures for ATH, set to go stay at 4:00 am UTC on June 13, 2024. This new itemizing might be accompanied by the introduction of ATH margin buying and selling and Easy Earn choices, which might be enabled at 3:30 am UTC on the identical day, in accordance with OKX.

Margin Buying and selling and Easy Earn

Spot margin buying and selling might be activated for the ATH/USDT pair. Customers can check with the Margin Borrowing Place Tiers on the OKX platform for detailed info on tiered margin ranges. Moreover, Easy Earn limits and guidelines might be obtainable for assessment within the Introduction to OKX Easy Earn and Its Guidelines part post-listing.

Perpetual Futures Buying and selling

The ATHUSDT perpetual futures will function the ATH/USDT index because the underlying asset, with USDT serving because the settlement cryptocurrency. The face worth for these contracts is ready at 100, with worth quotations calculated in USDT equivalents. Key particulars embody a tick dimension of 0.00001 and leverage choices starting from 0.01x to 20x.

The funding charge for these futures is outlined by the components: Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index worth – Curiosity), -0.75%, 0.75%), with curiosity set at 0. The buying and selling hours for ATHUSDT perpetual futures might be 24/7, making certain steady market participation.

You will need to be aware that through the preliminary launch section, the premium could also be unstable. To mitigate unreasonable prices, the higher restrict of the funding charge might be capped at 0.03% till 4:00 pm UTC on June 13, 2024. After this era, the higher restrict will revert to the usual 1.50%, with the primary funding charge for this era charged at 12:00 am UTC on June 14, 2024.

The worth restrict guidelines for ATH USDT-margined perpetual futures will align with these of different currencies. Customers are inspired to assessment the perpetual futures buying and selling guides obtainable on the OKX platform for complete particulars.

For additional info on USDT-margined perpetual futures buying and selling, customers can check with the OKX Perpetual Futures Buying and selling Person Settlement.

OKX continues to increase its choices, offering merchants with numerous choices to have interaction with the cryptocurrency market. The introduction of those new buying and selling devices underscores OKX’s dedication to enhancing its platform and catering to the evolving wants of its person base.

Picture supply: Shutterstock

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