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      OKX to list perpetual for WCT crypto, along with its margin trading and Simple Earn

      OKX's logo OKX Apr 15, 2025 03:35:00

      We are pleased to announce that USDT-margined perpetual futures for WCT will be enabled at 11:30 am UTC on April 15, 2025. WCT margin trading and Simple Earn will be enabled at 4:00 am UTC on April 17, 2025.

      This update covers both the web and app interfaces as well as the API. The details are as follows:

      I. Margin trading and Simple Earn

      1. Spot margin trading will be activated for the following pair: WCT/USDT.

      2. For the details of the tiered margin level, please refer to the position tier margin schedule after official listing.

      3. For the limits of Simple Earn, please refer to the Simple Earn guide after official listing.


      II. Perpetual futures trading

      Features

      Details

      Underlying

      WCT/USDT index

      Settlement crypto

      USDT

      Face value

      10

      Price quotation

      1 WCT value calculated in USDT equivalent

      Tick size

      0.0001

      Leverage

      0.01-20x

      Funding fee

      Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0

      Note: Funding fees are received and deducted based on the current period.

      Funding interval

      4 hours

      Trading hours

      24/7

      Note: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on April 15, 2025 is 0.5%. After 4:00 pm UTC on April 15, 2025, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on April 15, 2025.) If there is a deviation from the contract price, the funding fee limit will be adjusted according to market conditions.

      The price limit rules of WCT USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
      USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement

      OKX team
      April 15, 2025

      Read the original article at

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