We're excited to announce that OKX will launch USDT-margined perpetual futures trading for SHELL cryptocurrency on February 27, 2025. This expansion provides traders with new opportunities to engage with MyShell's decentralized AI ecosystem while benefiting from OKX's robust trading infrastructure.
Key Listing Details
- Trading Launch: 12:00 pm UTC, February 27, 2025
- Trading Pair: SHELL/USDT
- Platform Availability: Web, mobile app, and API
👉 Discover SHELL perpetual futures trading on OKX
SHELL Perpetual Futures Specifications
MyShell represents an innovative decentralized platform connecting AI consumers, developers, and researchers. The perpetual futures contract offers these features:
| Contract Feature | Specification |
|---|---|
| Underlying Index | SHELL/USDT |
| Settlement Currency | USDT |
| Contract Face Value | 10 SHELL |
| Minimum Price Movement | 0.0001 |
| Available Leverage | 0.01-20x |
| Funding Fee Mechanism | Dynamic rate capped at 1.5% |
| Funding Intervals | Every 4 hours |
| Trading Availability | 24/7 |
Special Funding Fee Considerations
During the initial listing period (until 4:00 pm UTC on launch day):
- Maximum funding fee capped at 0.5%
- Regular 1.5% cap resumes thereafter
- Adjustments may occur based on market conditions
Trading Strategies and Risk Management
When trading SHELL perpetual futures, consider:
- Volatility Management: New listings often experience higher price fluctuations
- Leverage Caution: Higher leverage increases both potential gains and risks
- Funding Fee Awareness: Monitor periodic funding payments
👉 Learn risk management strategies for crypto derivatives
Why Trade SHELL on OKX?
- Liquid Markets: Access deep order books and tight spreads
- Advanced Tools: Utilize stop-loss orders, take-profit triggers, and margin calculators
- Security Focus: Industry-leading fund protection measures
Frequently Asked Questions
Q: What makes MyShell (SHELL) unique?
A: MyShell creates a decentralized marketplace for AI services, connecting end-users with developers and researchers in an open ecosystem.
Q: How does perpetual futures differ from spot trading?
A: Perpetual futures allow leveraged positions without expiration dates, with funding fees maintaining price alignment with spot markets.
Q: What's the minimum trade size for SHELL futures?
A: The contract face value is 10 SHELL, making this the minimum trade size.
Q: Can I trade SHELL futures on mobile?
A: Yes, OKX offers full trading functionality through both web and mobile interfaces.
Q: How often are funding fees exchanged?
A: Every 4 hours, with rates determined by market premium/discount.
Q: Is there a price limit for SHELL futures?
A: Yes, similar to other OKX perpetual contracts, with limits adjusting to market conditions.
This listing demonstrates OKX's commitment to providing access to innovative blockchain projects while maintaining our high standards for market integrity and trader protection. As always, we recommend conducting thorough research and understanding derivative products before trading.