A new listing – OKBUSDT – created to give traders exposure to the newly announced X1 layer 2 network, is coming to BitMEX tomorrow – and with up to 10x leverage. For the lowdown on the latest listing, read on.
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OKBUSDT Contract Specs
OKBUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the OKX token and trade it with leverage, without needing to have any OKB holdings.
Key contract details for our OKB token listing:
Margin Currency: USDT
Contract Size: 0.0001 OKB
Lot Size: 1000
Minimum Trade Amount: 0.1 OKB
Max Leverage: 10x
Maker Fee: -0.015%
Taker Fee: 0.075%
Base Initial Margin: 10.00%
Base Maintenance Margin: 5.00%
What is OKB?
OKB is the utility token of OKX, a cryptocurrency exchange platform – it was also recently announced to be the native token of the X1 Network.
X1 is a ZK-powered layer 2 network that allows anyone to take part in a truly global on-chain ecosystem – with a minimum gas fee. The network is expected to launch a testnet in Q3 of this year. The mainnet is expected in Q1 2024.
Users can use OKB for transaction fees, accessing dapps, and participating in governance.
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In the meantime, if you have any questions please contact Support who are available 24/7.
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