OKX Announces New ATH Perpetual Futures and Margin Trading Options
Cryptocurrency exchange OKX has announced the introduction of USDT-margined perpetual futures for ATH, which will be available starting June 13, 2024, at 4:00 am UTC. The platform will also enable ATH margin trading and Simple Earn options at 3:30 am UTC on the same day, according to OKX.
New Trading Options
The updates will be implemented across OKX's web and app interfaces, as well as its API. Spot margin trading will be activated for the ATH/USDT pair, providing more options for traders looking to leverage their positions. Users can refer to OKX's official resources for detailed information on tiered margin levels and Simple Earn limits.
Perpetual Futures Details
The ATHUSDT perpetual futures will feature the ATH/USDT index as the underlying asset, with USDT as the settlement cryptocurrency. Each contract will have a face value of 100, and price quotations will be expressed in USDT equivalents. The tick size is set at 0.00001, and leverage options range from 0.01x to 20x.
Funding fees will be determined by the formula: Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), with the interest rate set at 0. The trading hours for these perpetual futures will be 24/7. However, to avoid unreasonable charges, the upper limit of the funding fee will be 0.03% until 4:00 pm UTC on June 13, 2024, after which it will revert to the standard 1.50%.
Additional Information
OKX has assured that the price limit rules for ATH USDT-margined perpetual futures trading will align with those of other currencies on the platform. Traders are encouraged to consult OKX's perpetual futures trading guides for comprehensive details.
The introduction of these new trading options underscores OKX's commitment to expanding its offerings and providing users with a diverse array of financial instruments. As the cryptocurrency market continues to evolve, platforms like OKX play a crucial role in facilitating advanced trading strategies and opportunities.