In a significant move for the cryptocurrency trading landscape, OKX has announced the launch of USDT-margined perpetual futures for three new cryptocurrencies: NEIROETH, BRETT, and CAT. Starting September 6, 2024, traders will have the opportunity to engage with these new futures contracts, marking a noteworthy expansion in OKX’s trading offerings.
The launch will see NEIROETH, BRETT, and CAT available for trading via both the OKX web platform and mobile application, as well as through API integration. This broad accessibility aims to cater to a diverse range of traders and investors, ensuring that both retail and institutional participants can seamlessly engage with these new instruments.
To mitigate potential price fluctuations during the initial trading period, OKX has set a capped funding fee of 0.03% until 19:00 on the launch day. This temporary fee reduction is designed to provide a smoother entry for traders and to help stabilize the market for these newly listed assets. After this period, the funding fee will revert to the standard 1.50%, with the fee for the launch day set to be charged at 11:00.
This move by OKX underscores its commitment to enhancing the trading experience and expanding its offerings in the rapidly evolving cryptocurrency market. The introduction of these new futures contracts not only diversifies trading opportunities but also reflects the growing interest and innovation within the crypto space.
Also Read: FTX Receives $6.275M USDT From OKX – Key Step In $14.5B-$16.3B Repayment Plan Amid SEC Scrutiny
As the trading debut approaches, market participants will be keenly watching the performance of NEIROETH, BRETT, and CAT. The futures contracts are expected to attract significant attention, potentially influencing market dynamics and trading strategies in the broader cryptocurrency ecosystem.
For those looking to capitalize on the opportunities presented by these new contracts, OKX’s latest launch promises to be a noteworthy event in the crypto trading calendar.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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