OKX Announces Listing of ZRO Perpetual Futures and Margin Trading

OKX Announces Listing of ZRO Perpetual Futures and Margin Trading

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

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.

Image source: Shutterstock

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