We're excited to share important updates regarding OL cryptocurrency trading on OKX. Below you'll find all the essential details about upcoming product launches and feature availability.
Key Listing Times
- OL USDT-margined perpetual futures: Trading begins at 9:00 am UTC on November 22, 2024
- OL margin trading & Simple Earn: Available at 11:00 am UTC on November 22, 2024
These updates will be reflected across all OKX platforms including web interface, mobile app, and API services.
Margin Trading and Simple Earn Details
Spot Margin Trading
- Available pair: OL/USDT
- Margin tiers: Check the Margin Borrowing Position Tiers post-listing for specific requirements
- Simple Earn rules: Review the Simple Earn Introduction after launch for participation guidelines
👉 Discover how margin trading can enhance your crypto strategy
Perpetual Futures Specifications
OLUSDT perpetual futures contract details:
| Feature | Specification |
|---|---|
| Underlying | OL/USDT index |
| Settlement currency | USDT |
| Contract value | 10 OL |
| Price quotation | USDT value per 1 OL |
| Minimum price movement | 0.000001 USDT |
| Available leverage | 0.01-50x |
| Funding rate mechanism | Based on premium percentage with caps |
| Trading availability | 24/7 |
Important Funding Rate Notes
New contracts typically experience premium volatility. To protect traders:
- Before 4:00 pm UTC November 22, 2024: Maximum funding rate capped at 0.03%
- After 4:00 pm UTC November 22, 2024: Normal 1.50% cap resumes
- First funding calculation occurs at 12:00 am UTC November 23, 2024
Price limits follow standard perpetual futures rules. For comprehensive trading guidelines, consult our perpetual futures documentation.
FAQ Section
Q: When can I start trading OL perpetual futures?
A: Trading begins at 9:00 am UTC on November 22, 2024.
Q: What's the minimum investment for Simple Earn products?
A: Minimums vary by product—check the Simple Earn rules post-launch for specifics.
Q: Is there any special risk management for new perpetual contracts?
A: Yes, funding rate caps are implemented initially to prevent extreme charges during early volatility.
Q: Can I use API to access these new products immediately?
A: Yes, API support will be available concurrently with the web and app launches.
👉 Explore OKX's advanced trading tools today
For perpetual futures trading rules and policies, refer to our Perpetual Futures User Agreement.
Last updated: November 22, 2024