OKX Announces Listing of ZRO Perpetual Futures and Margin Trading

OKX,
a
leading
cryptocurrency
exchange,
has
announced
the
listing
of
USDT-margined
perpetual
futures
for
the
ZRO
cryptocurrency,
alongside
the
introduction
of
ZRO
margin
trading
and
Simple
Earn,
starting
from
June
20,
2024,
according
to
an
official
announcement.

Details
of
the
New
Listings

The
USDT-margined
perpetual
futures
for
ZRO
will
be
activated
at
12:30
pm
UTC
on
June
20,
2024.
Following
this,
ZRO
margin
trading
and
Simple
Earn
will
be
enabled
at
4:00
am
UTC
on
June
21,
2024.

These
updates
will
be
available
across
the
web
and
app
interfaces
as
well
as
the
API.
The
details
are
as
follows:

Margin
Trading
and
Simple
Earn

Perpetual
Futures
Trading

The
ZRO/USDT
perpetual
futures
will
feature
the
following:

It
is
noted
that
when
a
new
contract
is
launched,
the
premium
can
be
unstable.
To
avoid
unreasonable
charges,
the
upper
limit
of
the
funding
fee
before
4:00
pm
UTC
on
June
20,
2024,
is
set
at
0.03%.
After
this
period,
the
upper
limit
of
the
predicted
funding
fee
will
revert
to
the
normal
1.50%.
The
funding
fee
for
this
period
will
be
charged
at
12:00
am
UTC
on
June
21,
2024.

The
price
limit
rules
for
ZRO
USDT-margined
perpetual
futures
trading
are
the
same
as
those
for
other
currencies.
Users
can
refer
to
the
perpetual
futures
trading
guides
for
more
details.

For
more
information,
refer
to
the
official
announcement
on

OKX.

Image
source:
Shutterstock