OKX Officially Launches ACH and SPELL Leverage Trading, Perpetual Contracts, and Easy Earn Products

Dear OKX Users,

We are pleased to announce the official launch of the following trading services for ACH and SPELL:

Key Launch Details

ACH/USDT Services

Perpetual Contracts: Live at 16:30 (UTC+8) on February 22, 2024
Leverage Trading & Easy Earn: Live at 16:00 (UTC+8) on February 22, 2024

SPELL/USDT Services

Perpetual Contracts: Live at 18:30 (UTC+8) on February 22, 2024
Leverage Trading & Easy Earn: Live at 18:00 (UTC+8) on February 22, 2024

I. Leverage Trading & Easy Earn

Both ACH and SPELL will support USDT-margined leverage trading.
Leverage Tiers: Refer to the Margin Trading Tier Guidelines post-launch.
Easy Earn Quotas: Check the OKX Easy Earn Rules for details.

👉 Start trading ACH/USDT now

II. Perpetual Contracts

1. Contract Specifications

ACHUSDT Perpetual Contract

Contract Parameter	Details
Underlying	ACH/USDT Index
Settlement Currency	USDT
Contract Face Value	100 ACH
Price Quotation	USDT price per 1 ACH
Minimum Price Increment	0.00001
Leverage	0.01–20x
Funding Rate Formula	`Clamp(MA([(Mark Price - Spot Index) / Spot Index - Interest], 0.03%), -0.75%, 0.75%)` (Interest = 0)
Trading Hours	24/7

SPELLUSDT Perpetual Contract

Contract Parameter	Details
Underlying	SPELL/USDT Index
Settlement Currency	USDT
Contract Face Value	10,000 SPELL
Price Quotation	USDT price per 1 SPELL
Minimum Price Increment	0.0000001
Leverage	0.01–20x
Funding Rate Formula	Same as ACHUSDT
Trading Hours	24/7

Note: To mitigate unstable premiums post-launch, the funding rate cap will temporarily adjust to 0.03% until 00:00 (UTC+8) on February 23, 2024, reverting to 1.50% thereafter.

👉 Explore perpetual contracts

III. Additional Rules

Trading Rules: Order limits and other parameters align with existing perpetual contracts. Refer to the OKX Perpetual Contracts Documentation for details.

FAQs

Q1: What is the minimum investment for Easy Earn?

A1: Minimum thresholds vary by product. Check the Easy Earn page for specifics.

Q2: Can I use cross-margin for ACH/SPELL leverage trading?

A2: Yes, both isolated and cross-margin modes are supported.

Q3: How often is the funding rate calculated?

A3: Rates are calculated every 8 hours (at 08:00, 16:00, and 00:00 UTC+8).

Q4: Are there API rate limits for new contracts?

A4: Standard rate limits apply. Monitor the API Status Page for updates.

OKX remains committed to delivering exceptional products and services. Happy trading!


**Keywords**: OKX, ACH, SPELL, perpetual contracts, leverage trading, Easy Earn, funding rate, crypto trading