Lawrence Jengar
Oct 29, 2025 22:11
OKX will launch USDT-margined pre-market perpetual futures for Kite AI (KITE) on October 29, 2025, offering a new trading avenue for crypto enthusiasts.
Leading cryptocurrency exchange OKX has announced the launch of USDT-margined pre-market perpetual futures for Kite AI (KITE), set to commence on October 29, 2025, at 12:30 PM UTC. This strategic move aims to provide traders with an opportunity to engage in the price discovery process of KITE before it is officially listed on the spot market, according to OKX.
Understanding Kite AI and Pre-Market Futures
Kite AI distinguishes itself as the pioneering Layer 1 blockchain crafted for the ‘agentic internet.’ This platform empowers AI agents to conduct transactions, collaborate, and settle on-chain, bolstered by verifiable identities and programmable rules. The introduction of pre-market futures by OKX offers a unique trading mechanism where perpetual futures can be traded before the official listing of the cryptocurrency, allowing users to speculate on its future market performance.
Key Features of KITE Pre-Market Futures
The KITE/USDT pre-market futures contract will feature a face value of 10 KITE, with a price quoted based on the USDT price of one KITE. Traders can leverage positions from 0.01x to 20x, with a fixed daily funding rate of 0.03%. The trading occurs 24/7, and while the futures are USDT-margined, they are designed to convert into standard perpetual futures upon the cryptocurrency’s spot market listing, although the exact date for this transition remains unannounced.
Risk Considerations and Trading Dynamics
OKX emphasizes the importance of risk management, noting that the issuance plan for KITE is yet to be confirmed, potentially leading to market volatility. Additionally, the prices in the pre-market futures are a reflection of market sentiment and may not mirror the final listing price. Furthermore, there is no guarantee that KITE will be listed on the spot market, underscoring the necessity for traders to stay informed and exercise caution.
To facilitate trading, OKX advises participants to ensure their USDT balances are adequately funded. The exchange has also outlined tiered position limits, with varying maximum open positions and margin requirements, to cater to different trading strategies. This initiative marks a significant step in OKX’s efforts to provide a secure and innovative trading platform for emerging cryptocurrencies.
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