OKX Announces Expansion of Derivatives Portfolio
Leading cryptocurrency exchange OKX has unveiled plans to introduce four new USDT-margined X-Perpetual (X-Perp) contracts to its trading platform. The launch, scheduled for October 12, signifies a strategic expansion of the exchange's derivatives offerings, providing traders with additional avenues for exposure and strategy execution.
Staged Launch Schedule
The new contracts will go live in a sequential manner to ensure system stability, with the following timeline (UTC+8):
- CXMTUSD X-Perp: Trading begins at 16:30 on October 12.
- BSPUSD X-Perp: Launch follows at 16:45 the same day.
- TQQQUSD X-Perp: Becomes available at 17:00.
- UNITREEUSD X-Perp: Final launch scheduled for 17:15.
Product Details and Accessibility
The contracts are USDT-margined perpetual swaps, allowing traders to use Tether (USDT) as collateral across all positions, simplifying margin management. Full support for these new instruments will be available on OKX's web platform, mobile application, and via its API, catering to both retail and institutional trading preferences.
This move aligns with OKX's ongoing efforts to diversify its product suite and respond to evolving market demand. Traders are advised to conduct thorough research on the underlying assets and employ prudent risk management strategies when engaging with these new derivatives products.