Blockchain
OKX introduces USDT margin perpetual futures for the ATH cryptocurrency
OKX has announced the USDT margin perpetual futures listing for ATH, which will be released at 4:00 UTC on June 13, 2024. This new listing will be accompanied by the introduction of ATH margin trading and Simple Earn options, which will be enabled at 3:30 UTC the same day, second OKX.
Margin trading and easy profit
Spot margin trading for the ATH/USDT pair will be activated. Users can refer to the Margin Lending Position Levels on the OKX platform for detailed information on tiered margin levels. Additionally, Simple Earn limits and rules will be available for review in the Introduction to OKX Simple Earn and Its Rules section after the listing.
Perpetual futures trading
ATHUSDT perpetual futures will feature the ATH/USDT index as the underlying asset, with USDT serving as the settlement cryptocurrency. The face value of these contracts is set at 100, with price quotes calculated in USDT equivalents. Key details include a tick size of 0.00001 and leverage options ranging from 0.01x to 20x.
The financing fee for these futures is defined by the formula: Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot Index Price – Interest), -0.75%, 0.75%), with interest set at 0. Trading hours for ATHUSDT perpetual futures will be 24/7, ensuring continuous participation in the market.
It is important to note that during the initial launch phase, the prize may be unstable. To mitigate unreasonable charges, the upper limit of the funding fee will be set at 0.03% until 16:00 UTC on June 13, 2024. After this period, the upper limit will revert to the standard 1.50%, with the first fee of financing for this period charged at 00:00 UTC on June 14, 2024.
Price limit rules for ATH USDT perpetual margin futures will align with those of other currencies. Users are encouraged to consult the perpetual futures trading guides available on the OKX platform for complete details.
For more information on USDT margin perpetual futures trading, users can refer to the OKX Perpetual Futures Trading User Agreement.
OKX continues to expand its offerings, providing traders with multiple options for interacting with the cryptocurrency market. The introduction of these new trading tools highlights OKX’s commitment to improving its platform and meeting the evolving needs of its user base.
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