OKX to list perpetual futures for INIT crypto

We are pleased to announce that USDT-margined perpetual futures for INIT will be enabled at 11:30 am UTC on April 24, 2025. The updates will cover both the web and app interfaces as well as the API. The details are as follows:

I. Listing schedule

• INIT/USDT perpetual futures trading will open at 11:30 am UTC on April 24, 2025.

II. Perpetual futures tradingINIT perpetual futures:Initia is an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.

• Asset name: Initia

• Ticker: INIT

• Website：https://initia.xyz/

• Official X: https://x.com/initia

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 24, 2025 is 0.5%. After 4:00 pm UTC on April 24, 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 24, 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 INIT 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 teamApril 24, 2025