Exciting News from OKX: CVX USDT Trading Options
OKX, a top cryptocurrency exchange, is set to introduce USDT-margined perpetual futures for Convex Finance (CVX) on June 25, 2024, at 8:30 am UTC. In addition to this, the platform will also roll out CVX margin trading and Simple Earn at 8:00 am UTC on the same day.
Margin Trading and Simple Earn
- The new features will be available on both the web and app interfaces, as well as through the API.
- Traders can access the CVX/USDT spot margin trading pair to enhance their trading strategies.
- Details regarding margin levels can be found on the OKX Margin Borrowing Position Tiers page.
If you’re interested in the Simple Earn program, you can find all the necessary limits and regulations in the Introduction to OKX Simple Earn and Its Rules section on the OKX website.
Perpetual Futures Trading
- The CVXUSDT perpetual futures will be based on a CVX/USDT index with USDT as the settlement currency.
- The contract will have a face value of 1, with price quotations calculated based on the USDT equivalent of 1 CVX.
- Traders can leverage from 0.01x to 20x and engage in trading 24/7 for continuous market opportunities.
- Funding fees will be calculated using a specific formula, with interest rates set at 0 initially.
For more detailed information on price limit rules and trading guidelines, traders are advised to refer to the perpetual futures trading guides available on the OKX website.
For additional details, you can visit the official OKX announcement page.
Hot Take: Your Opportunity to Explore CVX Trading on OKX
Don’t miss out on the chance to dive into CVX trading options on OKX. With the introduction of USDT-margined perpetual futures and other exciting features, you can take your trading experience to the next level. Stay informed, stay updated, and make the most of this new opportunity in the world of cryptocurrency trading!
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