Flash News: OKX Expands Trading Options with the Addition of Perpetual Futures Listings for VELO and RAY Tokens

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Mar 12, 2024, 04:00 ET

NASSAU, Bahamas, March 12, 2024 /PRNewswire/ -- OKX, a leading crypto exchange and Web3 technology company, has issued updates for March 12, 2024.

OKX Expands Trading Options with the Addition of Perpetual Futures Listings for VELO and RAY Tokens

OKX today announced that it will list two tokens - VELO and RAY - on its perpetual futures market at 8:30 AM (UTC) and 10:30 AM (UTC), respectively.

In addition to the two USDT-margined futures listings, OKX will also enable margin trading and Simple Earn for VELO and RAY at 8:00 AM (UTC) and 10:00 AM (UTC), respectively. These updates will apply across OKX's web, app and API interfaces.

VELO/USDT contract specs:

Features	Details
Underlying	VELO/USDT index
Settlement asset	USDT
Face value	1000
Price quotation	1 VELO value calculated in USDT equivalent
Tick size	0.000001
Leverage	0.01-20x
Funding rate	Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0
Trading hours	24/7

RAY/USDT contract specs:

Feature	Details
Underlying	RAY/USDT index
Settlement asset	USDT
Face value	1
Price quotation	1 RAY value calculated in USDT equivalent
Tick size	0.0001
Leverage	0.01-20x
Funding rate	Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0
Trading hours	24/7

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For further information, please contact:

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About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

SOURCE OKX