OKX Launches USDT-Margined Futures

Published on Nov 14, 20192 min read
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Dear valued customers,

We are pleased to announce that the BTC/USDT futures trading is officially launched on OKX.com and OKX API at 06:00 Nov 14, 2019 (UTC).

The specifications are as follows:

Feature

Detail

Underlying

BTC/USDT Index

Settlement Asset

USDT

Face Value

0.0001BTC

Price Quotation

Quoted in USDT based on the rate against BTC

Tick Size

0.1

Trading Hours

24/7

Contract expirations

Weekly, biweekly, quarterly

Contract delivery time

08:00 (UTC), Friday of the expiring week

Settlement time

08:00 (UTC)

Our USDT-margined futures market is protected by our industry-leading risk management system that features mark price, daily settlement, and tiered maintenance margin ratio system, enabling us to offer 0.01-100x leverage to traders. We will launch other major cryptocurrencies such as EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV on the USDT-margined futures market soon.

In order to protect our users’ interest and enhance the stability of the market, we have donated 1,000,000 USDT to the insurance fund for BTC/USDT futures market.

If you have any questions about USDT-margined Futures, please refer to “OKX Futures with USDT margin Trading User Agreement & Guide” or contact our customer support.

Thank you for your support and we assure you our best services at all times.

Regards,

OKX

Nov 14, 2019 (UTC)