Exciting Updates from OKX for Crypto Traders
Prepare yourself for some thrilling news as OKX, a well-known cryptocurrency exchange, has unveiled new offerings for the ZRO cryptocurrency. These updates include the listing of USDT-margined perpetual futures for ZRO, ZRO margin trading, and Simple Earn. This announcement is set to go live on June 20, 2024, so mark your calendars!
Details of the New Listings
Let’s delve into the specifics of the latest additions to OKX:
- USDT-margined perpetual futures for ZRO will go live at 12:30 pm UTC on June 20, 2024.
- Following this, ZRO margin trading and Simple Earn will be accessible at 4:00 am UTC on June 21, 2024.
- These newly introduced features will be available across all platforms including web, app interfaces, and API.
Margin Trading and Simple Earn
Perpetual Futures Trading
The ZRO/USDT perpetual futures will boast the following characteristics:
- Underlying: ZRO/USDT index
- Settlement cryptocurrency: USDT
- Face value: 1
- Price quotation: Value of 1 ZRO in USDT
- Tick size: 0.001
- Leverage: 0.01-50x
- Funding fee: Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0
- Trading hours: 24/7
It’s important to note that the funding fee may vary during the initial phase after the launch of a new contract. To ensure fairness, the funding fee’s upper limit before 4:00 pm UTC on June 20, 2024, is capped at 0.03%. Beyond this timeframe, the predicted funding fee will return to the standard 1.50%. Any charges incurred during this period will be settled at 12:00 am UTC on June 21, 2024.
Price limit regulations for ZRO USDT-margined perpetual futures trading align with the rules for other currencies. For additional details, users can consult the perpetual futures trading guidelines.
For more insights, check out the official announcement on the OKX website.
Image source: Shutterstock
Hot Take: Get Ready to Dive Into the World of ZRO with OKX!
Are you excited about the latest offerings unveiled by OKX for the ZRO cryptocurrency? Don’t miss out on the opportunity to explore USDT-margined perpetual futures, margin trading, and Simple Earn, coming your way soon. Stay tuned for a thrilling experience in the world of crypto trading!
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