ChainOut News – January 21, 2025 – OKX officially announced the launch of S/USDT perpetual contracts, leverage trading, and Simple Earn products for S token. The new derivatives and earning options will become available at different times across web, mobile app, and API platforms.
Key Product Launch Timeline
- S/USDT Perpetual Contracts: Live January 21, 2025 at 5:00 PM (UTC+8)
- S Token Leverage Trading & Simple Earn: Live January 22, 2025 at 12:00 PM (UTC+8)
Product Details
1. Leverage Trading & Simple Earn
The USDT trading pair for S token will support:
- Margin borrowing with flexible positions
- Tiered margin requirements (check platform for specific levels post-launch)
- Fixed-term earning through Simple Earn (availability subject to platform rules)
👉 Discover OKX's advanced trading tools
2. Perpetual Contract Specifications
| Contract Parameter | Specification |
|---|---|
| Underlying Asset | S/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT price per 1 S token |
| Minimum Price Movement | 0.0001 |
| Leverage Range | 0.01–50x |
| Funding Fee Mechanism | Clamped rate based on price deviation |
| Funding Interval | Every 4 hours |
| Trading Availability | 24/7 |
Special Note: Initial funding rate cap of 0.03% will apply until January 22, 2025 00:00 (UTC+8), after which the standard 1.5% maximum takes effect.
Why Trade S Token on OKX?
OKX continues to expand its crypto derivatives offerings with:
- Competitive fee structures
- Institutional-grade liquidity
- Robust risk management systems
- User-friendly interface across all platforms
FAQ: S Token Products on OKX
Q: What's the minimum investment for Simple Earn?
A: Minimums vary by product - check the platform when services go live.
Q: Can I use cross-margin for S token contracts?
A: Yes, the perpetual contracts support both isolated and cross-margin modes.
Q: How often are funding payments made?
A: Every 4 hours for perpetual contracts.
Q: Is there a maximum leverage for S token?
A: Yes, up to 50x depending on your risk tolerance.
Q: When will withdrawals be available?
A: Standard processing times apply immediately after launch.
Q: Are there any trading incentives?
A: Check OKX's official promotions page for any launch offers.