Exciting New Offerings on OKX for ULTI Token
Cryptocurrency exchange OKX has recently unveiled a range of new features for the ULTI token, including USDT-margined perpetual futures, margin trading, and the Simple Earn tool. These offerings are set to go live at 7:30 am UTC on June 7, 2024, providing users with enhanced trading opportunities on the platform.
Margin Trading and Simple Earn
- The ULTI/USDT trading pair will support margin trading, allowing users to trade with leverage.
- Users can access detailed tiered margin levels on the OKX platform following the official listing.
- Additionally, the Simple Earn feature will enable users to earn rewards on their ULTI holdings.
- Specific limits for the Simple Earn feature will be outlined in OKX’s official resources post-listing.
Perpetual Futures Trading
- OKX will introduce the ULTIUSDT perpetual futures contract for traders interested in perpetual futures trading.
- The contract will be settled in USDT and have a face value of 100, based on the ULTI/USDT index.
- Price quotations will be calculated using the USDT equivalent of 1 ULTI, with a tick size of 0.00001.
- Traders can choose leverage options ranging from 0.01x to 50x, allowing for flexible risk management.
Funding Fees and Trading Accessibility
- Funding fees for contracts will be determined based on a formula incorporating bid and offer prices, spot index price, and interest components.
- The funding fee’s upper limit will be capped at 0.03% until 4:00 pm UTC on June 7, 2024, after which it will revert to the normal rate of 1.50%.
- Perpetual futures trading on ULTI USDT will be available 24/7 to ensure continuous trading opportunities.
- OKX promises consistent application of price limit rules for ULTI USDT-margined perpetual futures in line with other cryptocurrencies on the platform.
Stay Informed
For further details on these new features and offerings, users can refer to the official announcement by OKX. Keep an eye on the platform for updates and additional resources to guide you through these exciting changes in cryptocurrency trading.
Hot Take: Explore New Opportunities with OKX
Unlock the potential of the ULTI token on OKX with the introduction of USDT-margined perpetual futures, margin trading, and the Simple Earn feature. Seize the opportunity to enhance your trading experience and earn rewards while leveraging the latest offerings on the platform. Stay informed and make the most of these new features to optimize your cryptocurrency trading strategies.
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