The OKX exchange continues to expand its cryptocurrency offerings with the upcoming launch of advanced trading products for ZERO, a promising digital asset. Starting in May 2024, traders will gain access to perpetual futures, margin trading, and Simple Earn options for ZERO — significantly broadening investment and trading opportunities.
These new features will be rolled out in two phases across all platforms — web, mobile app, and API — ensuring seamless integration for both retail and institutional users.
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Phase 1: Perpetual Futures Launch
At 8:30 AM UTC on May 6, 2024, OKX will officially enable USDT-margined perpetual futures for ZERO. This marks a major milestone for traders seeking leveraged exposure to ZERO’s price movements without expiry constraints.
Perpetual contracts are among the most popular instruments in crypto derivatives trading due to their flexibility, high liquidity potential, and 24/7 availability.
Key Features of ZERO/USDT Perpetual Futures
- Underlying Index: ZERO/USDT
- Settlement Currency: USDT (Tether)
- Face Value: 1 contract = 1,000 units of the underlying
- Price Quotation: Price reflects the value of 1 ZERO in USDT
- Tick Size: 0.0000001 USDT — enabling precise price execution
- Leverage Range: Adjustable from 0.01x to 50x, accommodating conservative to aggressive strategies
- Trading Hours: Available around the clock, every day of the week
Funding Mechanism
Funding fees help align the perpetual contract price with the spot market index. For ZEROUSDT:
Funding Fee = Clamp(MA[[(Best Bid + Best Ask)/2 – Spot Index Price] / Spot Index Price – Interest], -0.75%, 0.75%)
Where Interest = 0
This means that periodic payments are exchanged between long and short positions based on the premium or discount of the contract relative to the spot index.
Special Funding Fee Adjustment at Launch
Due to expected volatility during initial trading:
- Until 4:00 PM UTC on May 6, 2024, the maximum funding fee cap is set at 0.03% to protect traders from extreme charges.
- After 4:00 PM UTC, the predicted funding fee upper limit returns to the standard 1.50%.
- The first actual funding settlement occurs at 12:00 AM UTC on May 7, 2024.
This temporary adjustment ensures a smoother onboarding experience for early participants.
For full details on price limits and risk parameters, users can refer to OKX’s comprehensive Perpetual Futures Trading Guide, which applies uniformly across all USDT-margined contracts.
Phase 2: Margin Trading & Simple Earn Activation
The second wave of functionality goes live just one day later, at 4:00 AM UTC on May 7, 2024, introducing two powerful tools for enhanced capital efficiency and passive income generation.
Spot Margin Trading: ZERO/USDT Pair
Traders will be able to engage in spot margin trading using the ZERO/USDT trading pair. This allows users to borrow funds to increase their position size, potentially amplifying returns (while also increasing risk).
While specific tiered margin levels will be published after listing, users should expect a risk-based structure where borrowing limits and interest rates vary according to account equity and collateral.
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Simple Earn: Passive Income on ZERO Holdings
Holders of ZERO can begin earning yield through Simple Earn, OKX’s user-friendly wealth management service. By staking or subscribing their assets, users gain access to competitive interest rates with flexible or locked terms.
Although exact yield rates and subscription caps will be confirmed post-listing, Simple Earn is designed to offer hassle-free returns without requiring active trading.
This addition makes ZERO not only a speculative asset but also a viable option for income-focused investors.
Why This Matters for Crypto Traders
The introduction of multiple product types for ZERO reflects growing market demand and confidence in its long-term viability. By offering perpetual futures, margin trading, and earn opportunities, OKX enables diverse strategies:
- Day traders can use leverage via futures
- Swing traders may employ margin to amplify gains
- Long-term holders can earn yield via Simple Earn
Moreover, cross-platform availability — including full API support — ensures algorithmic traders and automated bots can participate seamlessly.
With USDT as the settlement and collateral currency, traders benefit from stable valuation and reduced fiat conversion friction.
Frequently Asked Questions (FAQ)
Q: When do perpetual futures for ZERO start?
A: USDT-margined perpetual futures for ZERO go live at 8:30 AM UTC on May 6, 2024.
Q: What time does margin trading and Simple Earn become available?
A: Both services will be activated at 4:00 AM UTC on May 7, 2024.
Q: What is the maximum leverage available for ZERO perpetuals?
A: Up to 50x leverage is supported, adjustable based on user preference and risk settings.
Q: How are funding fees calculated for ZEROUSDT?
A: Funding is derived from the difference between the mid-price of the order book and the spot index, capped between -0.75% and +0.75%. Interest rate is set at zero.
Q: Is there a temporary funding fee cap at launch?
A: Yes. Until 4:00 PM UTC on May 6, the funding fee is limited to 0.03% to prevent excessive charges during early volatility.
Q: Can I earn yield on my ZERO tokens?
A: Yes. Through Simple Earn, users can stake ZERO and earn passive income starting May 7.
The rollout of these advanced financial instruments underscores OKX’s commitment to innovation and user empowerment in the digital asset space. Whether you're a hands-on trader or a passive investor, the new ZERO product suite opens up multiple avenues for engagement.
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As always, users are encouraged to manage risk carefully — especially when using leverage — and stay informed through official OKX announcements and educational resources.