We're excited to share that OKX will activate WEMIX margin trading and savings features alongside listing USDT-margined WEMIX perpetual swaps on November 8 at 7:00 am UTC. This comprehensive update enhances trading opportunities across web, mobile app, and API platforms.
Key Platform Updates
1. Margin Trading and Savings Activation
Spot margin trading will be available for:
- WEMIX/USDT pair
👉 Start trading WEMIX margin today
2. WEMIX Perpetual Swap Specifications
WEMIXUSDT Perpetual Contract Overview:
| Feature | Details |
|---|---|
| Underlying Index | WEMIX/USDT |
| Settlement Currency | USDT |
| Contract Size | 1 WEMIX |
| Pricing Method | USDT-denominated WEMIX value |
| Minimum Price Movement | 0.001 |
| Leverage Range | 0.01x - 75x |
| Funding Rate Mechanism | Clamped rate based on premium/discount to spot (range: -0.75% to 0.75%) |
| Market Availability | 24/7 trading |
Important Note: Initial funding rate caps will be temporarily reduced to 0.03% until November 7 at 4:00 pm UTC to stabilize market conditions, reverting to standard 1.50% limits thereafter. First funding settlement occurs November 8 at 8:00 am UTC.
Trading Considerations
- Price limits align with OKX's standard perpetual swap protocols
- Risk management tools remain available during all market phases
- API users should update to latest documentation for new features
👉 Explore advanced trading strategies
FAQ: WEMIX Trading at OKX
Q: What time do WEMIX margin positions begin?
A: All features go live simultaneously at 7:00 am UTC on November 8.
Q: Is there minimum account balance for WEMIX margin?
A: Standard OKX margin requirements apply - check your account tier for specifics.
Q: How does WEMIX perpetual funding work?
A: Rates calculate every 8 hours based on premium to spot index, with payments between longs/shorts.
Q: Can I transfer existing WEMIX holdings to margin?
A: Yes, through the asset transfer interface once features activate.
Q: What makes OKX's WEMIX offering unique?
A: Our integrated ecosystem combines spot, margin, and derivatives with industry-leading liquidity.
Q: Are there mobile notifications for funding events?
A: Enable alerts in your OKX app settings for timely updates.