OKX Permits Perpetual Futures for NOT Crypto
In a major growth, main cryptocurrency trade OKX has introduced that it’s going to allow USDT-margined perpetual futures for NOT cryptocurrency. The brand new providing will probably be activated at 12:30 pm UTC on Could 16, 2024.
Together with this, NOT margin buying and selling and Easy Earn may also be enabled at 4:00 am UTC on Could 17, 2024. The updates will probably be relevant throughout the online and app interfaces in addition to the API.
Particulars of Margin Buying and selling and Easy Earn
As a part of the announcement, OKX has activated spot margin buying and selling for the NOT/USDT pair. For detailed details about the tiered margin degree and limits of Easy Earn, customers can consult with the ‘Margin Borrowing Place Tiers’ and ‘Introduction to OKX Easy Earn and Its Guidelines’ after the official itemizing.
Elements of NOTUSDT Perpetual Futures
The NOTUSDT perpetual futures have a number of options. The underlying is the NOT/USDT index and the settlement crypto is USDT. The face worth is 100 and the value citation is 1 NOT worth calculated in USDT equal. The tick measurement is 0.000001 and the leverage is between 0.01-50x. Buying and selling hours can be found 24/7.
It is value noting that when a brand new contract is launched, the premium is unstable. To keep away from unreasonable prices, the higher restrict of the funding payment earlier than 4:00 pm UTC on Could 16, 2024, is about at 0.03%. After that, the higher restrict of the anticipated funding payment will probably be adjusted again to regular 1.50%.
The worth restrict guidelines of NOT USDT-margined perpetual futures buying and selling are the identical as these of different currencies. For additional particulars, customers can consult with the OKX Perpetual Futures Buying and selling Person Settlement.
The brand new choices are seen as a major growth of OKX’s companies, offering customers with extra alternatives within the thriving crypto market.
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