OKX, one of the leading cryptocurrency exchanges, has announced the upcoming launch of USDT-margined perpetual swaps, margin trading, and Simple Earn services for three new tokens: DEGEN, SLERF, and ARKM. These services will be available across web, app, and API interfaces starting November 21, 2024, providing users with enhanced trading options.
Key Launch Details
1. Perpetual Swap Trading
OKX will introduce perpetual swaps for the following trading pairs:
- DEGENUSDT: Launching at 8:00 AM UTC
- SLERFUSDT: Launching at 8:15 AM UTC
- ARKMUSDT: Launching at 8:30 AM UTC
Funding Fee Details:
To manage initial market volatility, the funding fee upper limit will be temporarily capped at 0.03% until 4:00 PM UTC on November 21, 2024. After this, the funding fee cap will revert to the standard 1.50%, with the first funding fee being charged at 12:00 AM UTC on November 22, 2024.
2. Margin Trading and Simple Earn
Spot margin trading and Simple Earn services will also be launched for the following pairs:
- DEGEN/USDT: Launching at 10:00 AM UTC
- SLERF/USDT: Launching at 10:05 AM UTC
- ARKM/USDT: Launching at 10:10 AM UTC
Additional Features:
- Margin Trading: Users will be able to utilize tiered margin levels based on their positions. Detailed rules will be made available post-launch.
- Simple Earn: This service will allow users to earn returns on their holdings of DEGEN, SLERF, and ARKM. Limits and other details will be accessible after the official listing.
