OKX, a leading global cryptocurrency exchange, will introduce comprehensive trading services for OL (Open Loot) starting November 21, 2024. This expansion includes:
- Leverage Trading: OL/USDT pairs
- Perpetual Contracts: OLUSDT contracts with up to 50x leverage
- Simple Earn: Flexible staking options
Key Features and Rules
1. Leverage Trading & Simple Earn
OL/USDT Margin Trading:
- Available from 07:00 UTC+8 on November 21.
- Tiered margin levels apply (refer to OKX’s borrowing guidelines post-launch).
Simple Earn:
- Dynamic quotas based on platform rules.
👉 Maximize your OL trades with OKX’s competitive leverage
2. OLUSDT Perpetual Contracts
Launch Time: 15:00 UTC+8, November 21
| Contract Spec | Details |
|---|---|
| Underlying Index | OL/USDT |
| Settlement Currency | USDT |
| Contract Size | 10 OL |
| Min Price Movement | 0.000001 USDT |
| Leverage | 0.01–50x |
| Funding Rate | Clamped at ±1.5% (adjusts post-Nov 22) |
| Trading Hours | 24/7 |
Note: Initial funding rate cap temporarily reduced to 0.03% until November 22.
Why Trade OL on OKX?
- High Liquidity: Deep order books for seamless execution.
- Advanced Tools: Customizable interfaces for both beginners and pros.
- Security: Industry-leading custody solutions.
👉 Start trading OL with confidence today
FAQ
Q: What’s the minimum investment for Simple Earn?
A: Varies by asset—check the app for real-time requirements.
Q: Can I trade OLUSDT contracts on mobile?
A: Yes! OKX’s iOS/Android apps support full functionality.
Q: How are funding rates calculated?
A: Based on the premium between contract and spot prices, with hourly settlements.
Final Notes
OKX remains committed to delivering innovative products, combining robust technology with user-centric design.
Disclaimer: Crypto trading involves risk. Consider your experience and financial situation before participating.
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