OKX to List Perpetual Futures for ATH Crypto, Expanding Margin Trading and Simple Earn
OKX has announced the introduction of USDT-margined perpetual futures for the ATH cryptocurrency, starting at 4:00 am UTC on June 13, 2024. This new offering will be available across the platform's web, app, and API interfaces, according to the official OKX announcement.
Margin Trading and Simple Earn
In addition to the perpetual futures, OKX will also launch margin trading and Simple Earn for ATH at 3:30 am UTC on the same day. Users will be able to engage in spot margin trading with the ATH/USDT pair. Details on tiered margin levels and Simple Earn limits can be found on OKX’s official website after the listing.
Perpetual Futures Trading
The ATHUSDT perpetual futures come with several features:
| Features | Details |
| Underlying | ATH/USDT index |
| Settlement crypto | USDT |
| Face value | 100 |
| Price quotation | 1 ATH value calculated in USDT equivalent |
| Tick size | 0.00001 |
| Leverage | 0.01-20x |
| Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0 |
| Trading hours | 24/7 |
It is important to note that the funding fee is subject to change. Initially, the upper limit of the funding fee will be capped at 0.03% until 4:00 pm UTC on June 13, 2024, after which it will revert to the standard 1.50%. This adjustment is designed to avoid unreasonable charges during the initial phase of the contract.
For more details on perpetual futures trading, users can refer to the OKX Perpetual Futures Trading User Agreement.
The launch of these new trading options marks a significant expansion of OKX's offerings, providing traders with more opportunities to leverage the ATH cryptocurrency. The move is expected to attract both existing and new users to the platform, enhancing overall market activity.