OKX Launches Perpetual Futures for Non-Cryptocurrency Assets

Welcome to the Extreme Investor Network: OKX Launches Perpetual Futures for NOT Crypto

At Extreme Investor Network, we are excited to share with you the latest development in the cryptocurrency world. Leading exchange OKX has recently announced a groundbreaking update – the introduction of USDT-margined perpetual futures for NOT cryptocurrency. This new offering is set to go live at 12:30 pm UTC on May 16, 2024.

But that’s not all. In addition to the perpetual futures, OKX will also enable NOT margin trading and Simple Earn at 4:00 am UTC on May 17, 2024. These updates will be accessible across all platforms – web, app interfaces, and API.

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Unlocking the Potential: Margin Trading and Simple Earn

By activating spot margin trading for the NOT/USDT pair, OKX is providing users with a new way to maximize their trading potential. For detailed information about the tiered margin levels and limits of Simple Earn, make sure to check out the ‘Margin Borrowing Position Tiers’ and ‘Introduction to OKX Simple Earn and Its Rules’ after the official listing.

Exploring the NOTUSDT Perpetual Futures

The NOTUSDT perpetual futures come with a host of exciting features. The underlying asset is the NOT/USDT index, with settlement in USDT. The face value is 100, and the price quotation is based on 1 NOT value in USDT. With a tick size of 0.000001 and leverage ranging from 0.01 to 50x, trading hours are available 24/7.

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It’s important to note that the premium for a new contract may fluctuate initially. To maintain transparency and fairness, the upper limit of the funding fee before 4:00 pm UTC on May 16, 2024, is capped at 0.03%. Subsequently, the predicted funding fee will revert to the normal upper limit of 1.50%.

For a comprehensive understanding of the price limit rules and trading guidelines, users are encouraged to refer to the OKX Perpetual Futures Trading User Agreement.

Expand Your Horizons with OKX

The introduction of these new services marks a significant expansion of OKX’s offerings, providing users with more opportunities to navigate the dynamic world of cryptocurrency trading. Whether you’re a seasoned investor or a newcomer to the crypto space, OKX’s latest updates are sure to pique your interest.

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Stay tuned to Extreme Investor Network for more updates and insights on cryptocurrency, blockchain technology, and the latest trends in the digital asset landscape.

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