According to an official announcement, leading cryptocurrency exchange OKX announced the listing of USDT margin perpetual futures for the ZRO cryptocurrency, starting June 20, 2024, along with the introduction of ZRO margin trading and Simple Earn.
New listing details
USDT Margined Perpetual Futures for ZRO will become active on June 20, 2024 at 12:30 PM (UTC). Accordingly, ZRO margin trading and Simple Earn will be activated at 4:00 AM UTC on June 21, 2024.
These updates are available across the web and app interfaces, as well as the API. Details are as follows:
Margin trading and simple accumulation
perpetual futures trading
ZRO/USDT perpetual futures features include:
| characteristic | Details |
| underlying | ZRO/USDT Index |
| Cryptocurrency settlement | USDT |
| face value | One |
| price quote | Value of 1 ZRO in USDT |
| scale size | 0.001 |
| Influence | 0.01-50x |
| Funding Fee | Clamp(MA(((Highest Bid + Highest Offer) / 2 – Spot Index Price) / Spot Index Price – Interest), -0.75%, 0.75%), Interest = 0 |
| trading hours | Open all year round |
We note that premiums can become unstable when new contracts are launched. To prevent unfair charges, we have set a cap on funding fees of 0.03% before 4:00 PM on June 20, 2024 (UTC). After this period, the expected funding fee cap will revert to the previous 1.50%. Funding fees for that period will be charged at 12:00 AM UTC on June 21, 2024.
The price limit rules for ZRO USDT margin perpetual futures trading are the same as those for other currencies. For more information, see our Perpetual Futures Trading Guide.
For more information, please refer to the OKX official notice.
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