OKX to Enable Perpetual Futures and Margin Trading for ATH Crypto
Cryptocurrency exchange OKX has announced the launch of USDT-margined perpetual futures for ATH, scheduled to be enabled at 4:00 am UTC on June 13, 2024. This move aims to provide traders with more diversified trading options. Additionally, margin trading and the Simple Earn program for ATH will also be activated on the same day at 3:30 am UTC, according to OKX.
Margin Trading and Simple Earn
The upcoming updates will include both the web and app interfaces, as well as the API. For margin trading, the newly activated pair will be ATH/USDT. Traders can refer to the Margin Borrowing Position Tiers for detailed information on the tiered margin levels after the official listing. For the Simple Earn program, users can find more information on the limits and rules in the Introduction to OKX Simple Earn and Its Rules.
Perpetual Futures Trading
The ATH/USDT perpetual futures will feature several key specifications:
| 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 |
OKX has noted that when a new contract is launched, the premium can be unstable. To prevent unreasonable charges, the upper limit of the funding fee will be set at 0.03% until 4:00 pm UTC on June 13, 2024. After this period, the upper limit will revert to the normal rate of 1.50%, with the funding fee for this period being charged at 12:00 am UTC on June 14, 2024.
The price limit rules for ATH USDT-margined perpetual futures trading will be consistent with those of other currencies. Traders are encouraged to consult the OKX Perpetual Futures Trading User Agreement for more information.
These updates underline OKX's commitment to expanding its offerings and providing comprehensive trading solutions to its users. The new features are expected to enhance the trading experience and offer more opportunities for traders looking to engage with ATH.