OKX has announced the listing of USDT-margined perpetual futures for the cryptocurrency POL, as well as the launch of margin trading and Simple Earn features.
OKX to List Perpetual Futures for POL Cryptocurrency Along with Margin Trading and Simple Earnings
These updates will be released on September 24, 2024, with USDT margined perpetual futures available at 11:30 AM ET, and margin trading and Simple Earn options available at 11:00 AM ET.
Margin Trading and Simple Earnings
OKX will enable spot margin trading for the POL/USDT pair. Users are advised to review the tiered margin levels that will be available in the Margin Borrowing Position Tiers guide following the official listing.
Limits and further details for Simple Earn can be found in the Introduction to OKX Simple Earn and its Rules, which is also available after the listing is published.
Perpetual Futures Trading
For USDT-margined perpetual futures, users should be aware of temporary adjustments to the funding fee. Due to potential volatility in the premium, the funding fee will be capped at 0.03% before 19:00 on September 24, 2024.
After this time, the limit will revert to the standard 1.50%. The funding fee for this period will be charged on September 25, 2024 at 15:00.
*This is not investment advice.