OKX Expands Offerings with ZKSync (ZK) Perpetual Futures and Margin Trading

Cryptocurrency
exchange
OKX
has
announced
the
listing
of
USDT-margined
perpetual
futures
for
ZKSync
(ZK),
set
to
go
live
at
8:30
am
UTC
on
June
18,
2024,
according
to

OKX.
The
move
will
be
complemented
by
the
activation
of
ZK
margin
trading
and
Simple
Earn
options
at
4:00
am
UTC
on
June
19,
2024.

Margin
Trading
and
Simple
Earn

OKX
will
introduce
spot
margin
trading
for
the
ZK/USDT
pair.
The
platform
will
provide
detailed
information
about
the
tiered
margin
levels
and
Simple
Earn
limits
on
their
official
site
post-listing.

Users
can
access
the
margin
borrowing
position
tiers

here
and
the
Simple
Earn
rules

here
once
the
listings
are
live.

Perpetual
Futures
Trading

The
ZK/USDT
perpetual
futures
will
feature
a
USDT
settlement
with
a
face
value
of
10
and
a
tick
size
of
0.0001.
Leverage
options
range
from
0.01x
to
50x,
and
trading
will
be
available
24/7.
The
funding
fee
will
be
clamped
between
-0.75%
and
0.75%,
with
an
initial
upper
limit
of
0.03%
until
4:00
pm
UTC
on
June
18,
2024.
Post
this
period,
the
funding
fee
cap
will
revert
to
1.50%,
with
the
fee
for
this
interval
being
charged
at
12:00
am
UTC
on
June
19,
2024.

For
further
details
on
rules
and
agreements,
users
can
refer
to
the

OKX
Perpetual
Futures
Trading
User
Agreement.

The
updates
are
expected
to
be
available
across
OKX’s
web
and
app
interfaces,
as
well
as
through
its
API.
This
expansion
in
offerings
aims
to
provide
traders
with
more
flexibility
and
options
in
their
trading
strategies.

OKX
continues
to
enhance
its
platform
capabilities,
consistently
adding
new
features
to
meet
the
evolving
needs
of
the
cryptocurrency
trading
community.

Image
source:
Shutterstock