OKX Launches USDT-Margined Futures

Dear valued customers,

We are pleased to announce that the BTC/USDT futures trading is officially launched on OKX.com and OKX API at 06:00 Nov 14, 2019 (UTC).

The specifications are as follows:

Feature	Detail
Underlying	BTC/USDT Index
Settlement Asset	USDT
Face Value	0.0001BTC
Price Quotation	Quoted in USDT based on the rate against BTC
Tick Size	0.1
Trading Hours	24/7
Contract expirations	Weekly, biweekly, quarterly
Contract delivery time	08:00 (UTC), Friday of the expiring week
Settlement time	08:00 (UTC)

Our USDT-margined futures market is protected by our industry-leading risk management system that features mark price, daily settlement, and tiered maintenance margin ratio system, enabling us to offer 0.01-100x leverage to traders. We will launch other major cryptocurrencies such as EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV on the USDT-margined futures market soon.

In order to protect our users’ interest and enhance the stability of the market, we have donated 1,000,000 USDT to the insurance fund for BTC/USDT futures market.

If you have any questions about USDT-margined Futures, please refer to “OKX Futures with USDT margin Trading User Agreement & Guide” or contact our customer support.

Thank you for your support and we assure you our best services at all times.

Regards,

OKX

Nov 14, 2019 (UTC)