We're excited to announce that OKX will introduce comprehensive trading options for X cryptocurrency on October 25, 2024, including perpetual futures, margin trading, and Simple Earn products.
Key Listing Timeline
- 09:30 AM UTC: X/USDT perpetual futures trading begins
- 11:30 AM UTC: X margin trading and Simple Earn activation
👉 Discover X Trading Opportunities on OKX
I. Margin Trading and Simple Earn Features
Spot Margin Trading
- Available Pair: X/USDT
- Tiered Margin System: Position tiers determine borrowing limits (details available post-launch)
- Leverage: Competitive rates with risk management safeguards
Simple Earn
- Flexible savings product with competitive yields
- Deposit limits apply (check platform rules post-launch)
👉 Maximize Your Crypto Holdings with Simple Earn
II. X/USDT Perpetual Futures Specifications
| Feature | Specification |
|---|---|
| Underlying Index | X/USDT |
| Settlement | USDT |
| Contract Value | 10,000 face value |
| Price Quote | USDT equivalent per 1 X |
| Minimum Price Move | 0.0000001 |
| Leverage Range | 0.01-50x |
| Funding Mechanism | Clamped rate with upper limit (details below) |
| Trading Availability | 24/7 trading |
Special Funding Fee Notes
- October 25 (Before 16:00 UTC): 0.03% maximum rate
- October 25 (After 16:00 UTC): Normal 1.50% maximum resumes
- First funding calculation occurs at 00:00 UTC on October 26
Trading Rules and Risk Management
All standard OKX perpetual futures trading rules apply to X contracts, including:
- Price limit mechanisms
- Liquidation protocols
- Risk management features
FAQs
When can I start trading X perpetual futures?
X/USDT perpetual futures trading begins at 09:30 AM UTC on October 25, 2024.
What leverage is available for X margin trading?
Exact leverage tiers will be visible upon launch, following OKX's risk-managed approach.
How does Simple Earn work for X?
X can be deposited into flexible savings products to earn yield, with platform rules determining minimum/maximum amounts.
Are there special funding rate considerations?
Yes, reduced 0.03% maximum applies for the first 6.5 hours after launch to ensure market stability.
Where can I learn about OKX's trading rules?
All platform rules are available in our comprehensive Perpetual Futures Trading Guide.
This expansion provides traders with multiple ways to engage with X cryptocurrency while maintaining OKX's standards for security and market integrity. We encourage users to review all product details before trading.