OKX, one of the leading cryptocurrency exchanges, has announced the upcoming launch of USDT margined perpetual swap, margin trading, and Simple Earn services for three new tokens: DEGEN, SLERF, and ARKM.
OKX to Offer Perpetual Swaps, Margin Trading and Simple Earnings for DEGEN, SLERF and ARKM Tokens
These services will be available via web, app and API interfaces starting November 21, 2024, providing users with advanced trading options.
Key Launch Details
- Perpetual Swap Trading
OKX will offer perpetual swaps for the following trading pairs:
DEGENUSDT: Starting at 11:00
SLERFUSDT: Starts at 11:15
ARKMUSDT: Starting at 11:30
Funding Fee Details:
To manage initial market volatility, the funding fee cap will be temporarily capped at 0.03% until 19:00 on November 21, 2024. Thereafter, the funding fee cap will revert to the standard 1.50%, and the first funding fee will be charged at 15:00 on November 22, 2024.
- Margin Trading and Simple Earnings
Spot margin trading and Simple Earn services will also be launched for the following pairs:
DEGEN/USDT: Starting at 13:00
SLERF/USDT: Starting at 13:05
ARKM/USDT: Starting at 13:10
*This is not investment advice.