OKX Enables Margin Trading, Savings, and USDT-Margined Perpetual Swaps for LDO, MAGIC, and GMX

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Starting at 7:00 AM UTC on February 2, 2025, OKX will officially launch margin trading and savings services for LDO, MAGIC, and GMX against USDT. Simultaneously, USDT-margined perpetual swap contracts for these three digital assets will go live across all platforms — including web, mobile app, and API interfaces.

This expansion strengthens OKX’s commitment to providing advanced trading tools and diversified financial products for both retail and institutional investors navigating the evolving crypto landscape.

Enhanced Margin Trading & Savings Services

With this update, traders gain greater flexibility in leveraging their positions and earning passive income through crypto savings.

Spot Margin Trading Pairs Now Live

The following spot margin trading pairs will be activated:

These pairs allow users to borrow funds to increase their trading positions or lend assets to earn interest via the platform’s peer-to-peer or pooled lending models. Margin trading enables amplified exposure to price movements, making it ideal for experienced traders seeking higher returns — albeit with increased risk.

👉 Discover how margin trading can boost your strategy with flexible leverage options.

Introducing USDT-Margined Perpetual Swaps

Perpetual swaps have become one of the most popular instruments in crypto derivatives trading due to their flexibility, high liquidity, and absence of expiry dates. OKX now supports USDT-settled perpetual contracts for LDO, MAGIC, and GMX, offering traders a stablecoin-denominated way to take long or short positions.

Key Features by Asset

LDOUSDT Perpetual Swap

MAGICUSDT Perpetual Swap

GMXUSDT Perpetual Swap

These contracts follow OKX’s standardized perpetual swap framework, ensuring consistency in risk management, liquidation mechanisms, and market depth.

Funding Rate Adjustment During Launch Phase

To ensure market stability during the initial phase of contract deployment, OKX has implemented a temporary cap on funding rates:

⚠️ Important Note:
From launch until 4:00 PM UTC on February 2, the maximum predicted funding rate will be limited to 0.03%. This precaution helps prevent excessive volatility and unfair fee accruals during early trading hours when premiums may fluctuate unpredictably.

After 4:00 PM UTC, the predicted funding rate cap will revert to the standard level of 1.50%. The first actual funding settlement will occur at 8:00 AM UTC on February 3.

Traders are advised to monitor funding rate trends closely before opening leveraged positions during the transition period.

Trading Rules & Risk Management

All newly listed USDT-margined perpetual swaps adhere to OKX’s existing price limit and risk control protocols:

For detailed guidelines on order types, margin modes (isolated/cross), and liquidation calculations, users should refer to the official OKX perpetual swap trading manual.

👉 Learn how to manage risk effectively while trading high-leverage perpetuals.

Why These Tokens? Understanding the Selection

The inclusion of LDO (Lido DAO), MAGIC (Magic), and GMX (GMX) reflects growing investor demand and ecosystem maturity.

LDO – Leading Liquid Staking Derivative

As the governance token of Lido, LDO powers one of the largest liquid staking protocols on Ethereum and other chains. It enables users to stake ETH without locking assets, fueling DeFi composability.

MAGIC – Gaming & Web3 Infrastructure Token

MAGIC is the native currency of the Magic blockchain ecosystem, focused on gaming and decentralized entertainment. Its use cases span NFTs, in-game economies, and cross-chain interoperability.

GMX – Decentralized Perpetual Exchange Powerhouse

GMX is the backbone of Arbitrum and Avalanche’s premier decentralized derivatives exchange. With strong volume metrics and a unique oracle design, GMX continues to attract traders and liquidity providers alike.

These projects represent key sectors in crypto innovation — DeFi, GameFi, and decentralized trading infrastructure — making them compelling additions to OKX’s product suite.

Frequently Asked Questions (FAQ)

Q: What time will the new features go live?

A: All services — margin trading, savings, and perpetual swaps — will go live at 7:00 AM UTC on February 2, 2025.

Q: Can I use cross-margin mode for these new pairs?

A: Yes, OKX supports both isolated and cross-margin modes for eligible users. Be sure to understand the risks associated with each before trading.

Q: Is there a difference between spot margin and perpetual swap trading?

A: Yes. Spot margin allows borrowing to buy or short tokens directly on the spot market. Perpetual swaps are derivative contracts that let you speculate on price without owning the underlying asset.

Q: How is the funding rate calculated?

A: The funding rate adjusts periodically based on the gap between the perpetual contract price and the underlying spot index. It ensures contract prices stay anchored to real market value.

Q: Are there any special fees during the launch period?

A: No special fees apply beyond standard taker/maker rates. However, note the temporary funding rate cap before 4:00 PM UTC on launch day.

Q: Can I access these features via API?

A: Yes. Full API support is available for margin trading, savings deposits, and perpetual swap execution. Developers can integrate using OKX’s public documentation.

Final Thoughts

The integration of LDO, MAGIC, and GMX into OKX’s margin, savings, and derivatives ecosystem underscores the platform’s focus on delivering timely access to high-potential digital assets. Whether you're an active trader using leverage or a passive saver earning yield, these tools empower more strategic participation in today’s dynamic crypto markets.

As always, proper risk assessment and position sizing remain essential when using leveraged products.

👉 Start exploring new opportunities with advanced trading features today.