OKX to Enable Coin-Margined Perpetual Futures for OP Crypto






OKX Lists Coin-Margined Perpetual Futures for OP Crypto

Main cryptocurrency alternate platform OKX is about to reinforce its buying and selling choices by enabling Coin-margined perpetual futures for OP crypto. The brand new characteristic will likely be activated at 8:30 am UTC on Could 13, 2024, and will likely be out there on each internet and app interfaces, in addition to the API.

Particulars of the Perpetual Futures Buying and selling

The newly launched OPUSD perpetual futures buying and selling will incorporate the next options and particulars:

  • Underlying: OP/USD index
  • Settlement crypto: OP
  • Face worth: 10 USD
  • Worth citation: 1 OP worth calculated in USD equal
  • Tick dimension: 0.0001
  • Leverage: 0.01-20x
  • Funding price: Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index value – Curiosity), -0.75%, 0.75%), Curiosity = 0
  • Buying and selling hours: 24/7

Be aware: As a brand new contract is launched, the premium is unstable. To keep away from unreasonable expenses, the higher restrict of the funding price earlier than 4:00 pm UTC on Could 13, 2024, is 0.03%. After 4:00 pm UTC, the higher restrict of the expected funding price will likely be adjusted again to the conventional 1.50%.

The worth restrict guidelines for OP Coin-margined perpetual futures buying and selling are much like these of different currencies. For extra particulars, customers can confer with the OKX Perpetual Futures Buying and selling Person Settlement.

Boosting Buying and selling Choices

The addition of coin-margined perpetual futures for OP crypto to OKX’s platform is a major step in increasing its buying and selling choices and offering customers with extra various and versatile buying and selling choices. This transfer is anticipated to draw extra merchants and improve liquidity on the platform.

Picture supply: Shutterstock

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