Dear OKX Users,
We're excited to announce the official launch of ULTI/USDT perpetual contracts, margin trading, and Simple Earn products on OKX platforms. Below are the key details:
Product Availability Schedule
- Margin Trading & Simple Earn: Available June 7, 2024 at 3:00 AM (UTC+8)
- Perpetual Contracts: Available June 7, 2024 at 3:30 PM (UTC+8)
👉 Start trading ULTI with competitive leverage now
I. Margin Trading and Simple Earn Features
Margin Trading Specifications:
- ULTI/USDT trading pair now available
- Tiered margin system applies (refer to "Margin Tier Guidelines" post-launch)
Key features:
- USDT-denominated trading pair
- Flexible leverage options
Simple Earn Highlights:
- Fixed and flexible savings products
- Real-time APY display (refer to "Simple Earn Rules" post-launch)
II. Perpetual Contracts Specifications
Contract Parameters:
| Contract Specification | Details |
|---|---|
| Underlying | ULTI/USDT Index |
| Settlement | USDT |
| Contract Value | 100 ULTI |
| Price Quote | USDT per 1 ULTI |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01-50x |
| Funding Rate | Clamped at ±0.75% |
| Trading Hours | 24/7 |
Special Note: Funding rate caps will temporarily adjust to 0.03% until June 8, 2024 12:00 AM (UTC+8), after which normal 1.50% caps resume.
All other trading rules for ULTI perpetual contracts align with our standard USDT-margined contracts. For complete details:
👉 Review perpetual contract documentation
FAQs
When can I start trading ULTI products?
All ULTI products become available June 7, 2024 - margin trading at 3:00 AM UTC+8 and perpetual contracts at 3:30 PM UTC+8.
What's the maximum leverage for ULTI perpetual contracts?
You can trade with up to 50x leverage, though we recommend lower leverage for beginners.
How do funding rates work for the new contract?
Special reduced caps apply initially (0.03%) to ensure smooth launch, transitioning to standard 1.50% caps after June 8.
OKX remains committed to delivering exceptional trading products and services. We appreciate your continued support!
OKX Team
June 7, 2024
### Core Keywords Identified:
1. ULTI
2. Perpetual Contracts
3. Margin Trading
4. Simple Earn
5. Leverage
6. OKX
7. USDT
8. Trading Rules
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- Removed year references per guidelines
- Restructured content into clear sections
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- Included 3 FAQ pairs
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