OKX to Enable Coin-Margined Perpetual Futures for OP Crypto

OKX
Lists
Coin-Margined
Perpetual
Futures
for
OP
Crypto

Leading
cryptocurrency
exchange
platform
OKX
is
set
to
enhance
its
trading
offerings
by
enabling
Coin-margined
perpetual
futures
for
OP
crypto.
The
new
feature
will
be
activated
at
8:30
am
UTC
on
May
13,
2024,
and
will
be
available
on
both
web
and
app
interfaces,
as
well
as
the
API.

Details
of
the
Perpetual
Futures
Trading

The
newly
introduced
OPUSD
perpetual
futures
trading
will
incorporate
the
following
features
and
details:

• Underlying:
  OP/USD
  index
• Settlement
  crypto:
  OP
• Face
  value:
  10
  USD
• Price
  quotation:
  1
  OP
  value
  calculated
  in
  USD
  equivalent
• Tick
  size:
  0.0001
• Leverage:
  0.01-20x
• Funding
  fee:
  Clamp(MA([(Best
  bid
  +
  Best
  offer)
  /
  2
  –
  Spot
  index
  price]
  /
  Spot
  index
  price
  –
  Interest),
  -0.75%,
  0.75%),
  Interest
  =
  0
• Trading
  hours:
  24/7

Note:
As
a
new
contract
is
launched,
the
premium
is
unstable.
To
avoid
unreasonable
charges,
the
upper
limit
of
the
funding
fee
before
4:00
pm
UTC
on
May
13,
2024,
is
0.03%.
After
4:00
pm
UTC,
the
upper
limit
of
the
predicted
funding
fee
will
be
adjusted
back
to
the
normal
1.50%.

The
price
limit
rules
for
OP
Coin-margined
perpetual
futures
trading
are
similar
to
those
of
other
currencies.
For
more
details,
users
can
refer
to
the
OKX
Perpetual
Futures
Trading
User
Agreement.

Boosting
Trading
Options

The
addition
of
coin-margined
perpetual
futures
for
OP
crypto
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
anticipated
to
attract
more
traders
and
enhance
liquidity
on
the
platform.

Image
source:
Shutterstock

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