We're excited to announce that USDT-margined perpetual futures for VENOM will be available starting at 8:30 AM UTC on March 25, 2024. Margin trading and Simple Earn for VENOM will go live at 4:00 AM UTC on March 26, 2024.
Updates will be reflected across our website, mobile app, and API interfaces. Below are the key details:
I. Margin Trading and Simple Earn
- Instant Spot Trading will be enabled for the VENOM/USDT pair.
- For tiered margin levels, refer to our official guidelines post-listing.
- Simple Earn limits will be detailed after the official listing.
II. Perpetual Futures Trading
VENOMUSDT Perpetual Contracts:
| Feature | Details |
|---|---|
| Underlying Asset | VENOM/USDT Index |
| Settlement Coin | USDT |
| Contract Value | 10 VENOM |
| Pricing | 1 VENOM = Equivalent USDT value |
| Minimum Price Move | 0.00001 |
| Leverage | 0.01x – 50x |
| Funding Rate | Calculated as: (Mid Price – Spot Index Price) / Spot Index Price, capped at ±0.75% initially, then adjusted to ±1.50% after 4:00 PM UTC on March 25. |
| Trading Hours | 24/7 |
👉 Explore VENOM trading strategies to maximize your portfolio potential.
Note: New contracts may experience price volatility. To prevent excessive fees:
- Initial funding rate cap: 0.03% until 4:00 PM UTC on March 25.
- Normal cap (1.50%) resumes thereafter.
FAQs
Q1: When can I start trading VENOM perpetual contracts?
A: Trading begins at 8:30 AM UTC on March 25, 2024.
Q2: What leverage is available for VENOM futures?
A: Leverage ranges from 0.01x to 50x, depending on your risk profile.
Q3: How does Simple Earn work for VENOM?
A: Simple Earn allows passive income generation through flexible or fixed-term staking. Details will be available post-listing.
👉 Learn more about OKX's crypto derivatives and advanced trading tools.
OKX Team
March 2024
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