OKX Announces Listing of ZRO Perpetual Futures and Margin Trading
Jessie A Ellis Jun 20, 2024 17:28
OKX will enable USDT-margined perpetual futures for ZRO and introduce ZRO margin trading and Simple Earn, according to an official announcement.
OKX, a leading cryptocurrency exchange, has announced the listing of USDT-margined perpetual futures for the ZRO cryptocurrency, alongside the introduction of ZRO margin trading and Simple Earn, starting from June 20, 2024, according to an official announcement.
Details of the New Listings
The USDT-margined perpetual futures for ZRO will be activated at 12:30 pm UTC on June 20, 2024. Following this, ZRO margin trading and Simple Earn will be enabled at 4:00 am UTC on June 21, 2024.
These updates will be available across the web and app interfaces as well as the API. The details are as follows:
Margin Trading and Simple Earn
- Spot margin trading will be activated for the ZRO/USDT pair.
- For information on the tiered margin level, users can refer to the Margin Borrowing Position Tiers after the official listing.
- For limits on Simple Earn, users can refer to the Introduction to OKX Simple Earn and Its Rules after the official listing.
Perpetual Futures Trading
The ZRO/USDT perpetual futures will feature the following:
| Features | Details |
| Underlying | ZRO/USDT index |
| Settlement cryptocurrency | USDT |
| Face value | 1 |
| Price quotation | Value of 1 ZRO in USDT |
| Tick size | 0.001 |
| Leverage | 0.01-50x |
| Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0 |
| Trading hours | 24/7 |
It is noted that when a new contract is launched, the premium can be unstable. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on June 20, 2024, is set at 0.03%. After this period, the upper limit of the predicted funding fee will revert to the normal 1.50%. The funding fee for this period will be charged at 12:00 am UTC on June 21, 2024.
The price limit rules for ZRO USDT-margined perpetual futures trading are the same as those for other currencies. Users can refer to the perpetual futures trading guides for more details.
For more information, refer to the official announcement on OKX.
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