Cryptocurrency exchange OKX has announced the listing of USDT-margined perpetual futures for ZKSync (ZK), set to go live at 8:30 am UTC on June 18, 2024, according to OKX. The move will be complemented by the activation of ZK margin trading and Simple Earn options at 4:00 am UTC on June 19, 2024.
Margin Trading and Simple Earn
OKX will introduce spot margin trading for the ZK/USDT pair. The platform will provide detailed information about the tiered margin levels and Simple Earn limits on their official site post-listing.
Users can access the margin borrowing position tiers here and the Simple Earn rules here once the listings are live.
Perpetual Futures Trading
The ZK/USDT perpetual futures will feature a USDT settlement with a face value of 10 and a tick size of 0.0001. Leverage options range from 0.01x to 50x, and trading will be available 24/7. The funding fee will be clamped between -0.75% and 0.75%, with an initial upper limit of 0.03% until 4:00 pm UTC on June 18, 2024. Post this period, the funding fee cap will revert to 1.50%, with the fee for this interval being charged at 12:00 am UTC on June 19, 2024.
For further details on rules and agreements, users can refer to the OKX Perpetual Futures Trading User Agreement.
The updates are expected to be available across OKX’s web and app interfaces, as well as through its API. This expansion in offerings aims to provide traders with more flexibility and options in their trading strategies.
OKX continues to enhance its platform capabilities, consistently adding new features to meet the evolving needs of the cryptocurrency trading community.
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