OKX to Launch ZEN USDT-Margined Perpetual Futures

OKX, a leading digital asset exchange, has announced the introduction of USDT-margined perpetual futures for Horizen (ZEN), set to commence on November 3, 2025. This move is expected to provide traders with enhanced flexibility and leverage options, ranging from 0.01x to 50x, according to OKX.

ZEN Perpetual Futures Details

The perpetual futures will be listed on both the web and app platforms, as well as through API access. The underlying asset for these futures contracts is the ZEN/USDT index, with settlements conducted in USDT. The face value of each contract is set at 0.1, with price quotations based on the equivalent value of 1 ZEN in USDT.

Horizen's Blockchain Ecosystem

Horizen is a blockchain platform focusing on privacy and scalability through its innovative sidechain solutions. It allows businesses and developers to design and deploy both public and private blockchains, along with decentralized applications, on its robust distributed network. More information about Horizen can be accessed via its official website or its Twitter page.

Trading Specifications

The perpetual futures offering comes with a comprehensive set of features, including a funding rate mechanism clamped between 1.50% and -1.50%. This rate is calculated using the average premium index and interest rate, with detailed explanations available in OKX's product documentation. The funding fee settlement occurs every four hours, with potential adjustments to an hourly basis if caps or floors are met.

Trading is available 24/7, providing continuous access to the market. Traders are advised to review the OKX Perpetual Futures Trading User Agreement to understand the terms and conditions associated with these financial instruments.

This latest addition to OKX's suite of trading products aims to cater to the growing demand for diversified trading options within the cryptocurrency market.