Blockchain
OKX enables perpetual margin futures for OP Crypto
OKX lists perpetual margin futures for OP Crypto
Leading crypto trading platform OKX is set to enhance its trading offerings by enabling perpetual coin margin futures for OP crypto. The new feature will go live at 8:30 UTC on May 13, 2024 and will be available on both the web interface and app, as well as the API.
Perpetual futures trading details
The new OPUSD perpetual futures trading will incorporate the following features and details:
- Underlying: OP/USD index
- Settlement cryptocurrency: OP
- Face value: 10 USD
- Price Quote: 1 OP value calculated in USD equivalent
- Check mark size: 0.0001
- Leverage: 0.01-20x
- Financing fee: Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot Index Price – Interest), -0.75%, 0.75%), Interest = 0
- Trading hours: 24 hours a day, 7 days a week
Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the maximum financing fee limit before 16:00 UTC on May 13, 2024 is 0.03%. After 16:00 UTC, the upper limit of the expected funding fee will be reset to the normal 1.50%.
The price limit rules for trading OP margin money perpetual futures are similar to those of other currencies. For more details, users can refer to the OKX Perpetual Futures Trading User Agreement.
Enhance trading options
The addition of perpetual coin margin futures for OP cryptocurrencies to OKX’s platform is a significant step in expanding its trading offerings and providing users with more diverse and flexible trading options. This move is expected to attract more traders and improve liquidity on the platform.
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