OKX Allows Perpetual Futures for NOT Crypto
In a big growth, main cryptocurrency alternate OKX has introduced that it’s going to allow USDT-margined perpetual futures for NOT cryptocurrency. The brand new providing might be activated at 12:30 pm UTC on Might 16, 2024.
Together with this, NOT margin buying and selling and Easy Earn may also be enabled at 4:00 am UTC on Might 17, 2024. The updates might 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 discuss with the ‘Margin Borrowing Place Tiers’ and ‘Introduction to OKX Easy Earn and Its Guidelines’ after the official itemizing.
Facets 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 worth citation is 1 NOT worth calculated in USDT equal. The tick dimension is 0.000001 and the leverage is between 0.01-50x. Buying and selling hours can be found 24/7.
It is price noting that when a brand new contract is launched, the premium is unstable. To keep away from unreasonable expenses, the higher restrict of the funding price earlier than 4:00 pm UTC on Might 16, 2024, is ready at 0.03%. After that, the higher restrict of the anticipated funding price might 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 discuss with the OKX Perpetual Futures Buying and selling Consumer Settlement.
The brand new choices are seen as a big enlargement of OKX’s providers, offering customers with extra alternatives within the thriving crypto market.
Picture supply: Shutterstock
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