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OKX to list pre-market futures for HYPE (Hyperliquid) crypto
Listing Timeline
We are pleased to announce that USDT-margined pre-market futures for HYPE (Hyperliquid) will be enabled at 1:30 pm UTC on Dec 4, 2024. The updates will cover both the web and app interfaces as well as the API:
Project Introduction
Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system. The flagship native application is a fully on-chain order book perpetuals exchange, the Hyperliquid DEX.
Asset name: Hyperliquid
Ticker: HYPE
Check Hyperliquid Price: https://www.okx.com/price/hyperliquid-hype
Pre-market Futures
OKX Pre-market Futures allows you to trade expiry futures on crypto that have not yet been officially listed. These pre-market futures are USDT-margined and are usually delivered before the new crypto is listed on the spot market. OKX has introduced the pre-market futures trading feature to provide users with a safe and reliable platform for participating in the price discovery of new cryptocurrencies.
1. Pre-market futures contract
Features | Details |
Underlying | HYPE/USDT index (index is the last price of the contract) |
Settlement crypto | USDT |
Face value | 0.1 HYPE |
Price quotation | Quote based on the USDT price of 1 HYPE |
Tick size | 0.001 |
Leverage | 0.01 - 5x |
Trading hours | 24/7 trading |
Contract type | Expiry futures |
Delivery time | The futures delivery date has not been determined. Pre-market futures are usually delivered after the crypto is listed on the spot market. The specific delivery date will be announced separately. |
OKX Pre-market Futures differs from the standard OKX expiry futures in some product mechanisms. Tiered position limits and user-specific position limits are as follows:
For details on trading rules such as limit prices and tier levels, please refer to the Introduction to Pre-market Futures.
1. Tiered position limits
Tier | Max open positions (Contracts) | MMR | IMR | Max leverage |
1 | 1,000 | 5.00% | 20.00% | 5 |
2 | 8,000 | 15.00% | 25.00% | 4 |
3 | 15,000 | 19.00% | 33.33% | 3 |
4 | 20,000 | 20.00% | 33.33% | 3 |
5 | 30,000 | 21.00% | 33.33% | 3 |
6 | 40,000 | 22.00% | 33.33% | 3 |
7 | 50,000 | 23.00% | 33.33% | 3 |
8 | 60,000 | 24.00% | 33.33% | 3 |
9 | 70,000 | 25.00% | 33.33% | 3 |
10 | 80,000 | 26.00% | 33.33% | 3 |
11 | 90,000 | 27.00% | 33.33% | 3 |
12 | 100,000 | 28.00% | 33.33% | 3 |
2. User-specific position limits
User type | Position limit (contracts) |
USDT-margined futures DMM user | 100,000 |
Non USDT-margined futures DMM user | 8,000 |
Get ready for your trading
Top up your USDT balance to get ready for HYPE/USDT pre-market trading:
Risk reminders
Prices in the pre-market futures are determined by market behavior and may not accurately reflect the actual listing price of the new crypto.
The pre-market futures don’t guarantee that the crypto will eventually be listed on the spot trading. Refer to OKX announcements for specific listing details.
OKX may suspend such trading in pre-market conditions at any time and at its sole discretion. Please refer to Terms of Service and Risk & Compliance Disclosure for more details.
OKX team
Dec 4, 2024
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