OKX, a prominent cryptocurrency exchange, has announced the launch of USDT-margined perpetual futures for NOT cryptocurrency, which will be available starting at 12:30 pm UTC on May 16, 2024. This move marks a significant addition to OKX’s trading offerings, expanding the tools available for traders in the crypto market.
Key Details of the New Offerings:
Perpetual Futures for NOT:
- Launch Time: 12:30 pm UTC, May 16, 2024
- Underlying Index: NOT/USDT
- Settlement Currency: USDT
- Face Value: 100
- Price Quotation: 1 NOT in USDT
- Tick Size: 0.000001
- Leverage: 0.01-50x
- Trading Hours: 24/7
- Initial Funding Fee Cap: 0.03% until 4:00 pm UTC, May 16, 2024 (adjusted to 1.50% thereafter)
Additional Features:
- Margin Trading and Simple Earn: Enabled at 4:00 am UTC on May 17, 2024.
- Spot Margin Trading Pair: NOT/USDT
- Information Resources: Users can check ‘Margin Borrowing Position Tiers’ and ‘Introduction to OKX Simple Earn and Its Rules’ for more details.
Trading Regulations:
- Price Limit Rules: Follow the same regulations as other cryptocurrencies on the platform.
- User Agreement: Details available in the OKX Perpetual Futures Trading User Agreement.
These new offerings are accessible via OKX’s web and app interfaces, as well as through their API, enhancing user accessibility and convenience.
Implications for Traders:
The introduction of NOTUSDT perpetual futures provides traders with new opportunities to leverage NOT cryptocurrency, offering potential benefits through varied trading strategies and enhanced market participation. The inclusion of margin trading and Simple Earn further broadens the scope for users to optimize their investments and trading approaches within the expanding cryptocurrency ecosystem.
