OKX will officially launch MEMEFI/USDT pre-market trading (USDT-margined futures contract) on October 25, 2024, at 3:00 PM (UTC+8) across its web platform, mobile app, and API. Key details include:
Understanding Pre-Market Trading
OKX’s pre-market trading enables users to trade futures contracts for cryptocurrencies not yet listed on spot markets. These USDT-settled contracts typically settle before a new token’s official spot trading launch. This feature provides a secure platform for price discovery of upcoming tokens.
Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | MEMEFI/USDT Index (based on latest contract trade price) |
| Settlement Currency | USDT |
| Contract Face Value | 100 MEMEFI |
| Price Quotation | USDT price per 1 MEMEFI |
| Minimum Price Increment | 0.000001 |
| Leverage | 0.01–2x |
| Trading Hours | 24/7 |
| Contract Type | Futures Contract |
| Settlement Time | To be announced post MEMEFI’s spot market listing |
👉 Explore MEMEFI pre-market trading on OKX
Trading Rules
Tiered Position Limits:
Tier Max Open Position (Contracts) Maintenance Margin Initial Margin Max Leverage 1 1,000 5.00% 20.00% 5x 2–12 8,000–100,000 15.00%–28.00% 25.00%–33.33% 3x–4x User Position Limits:
- DMM Users: 100,000 contracts
- Non-DMM Users: 8,000 contracts
Risk Disclosure
- Token Supply Uncertainty: MEMEFI’s total supply remains undetermined, potentially impacting market volatility.
- Price Accuracy: Pre-market prices reflect trader activity and may not align with final listing prices.
- Listing Guarantee: OKX does not guarantee MEMEFI’s eventual spot market listing.
OKX reserves the right to suspend pre-market trading. For full terms, refer to OKX’s Service Agreement and Risk Disclosure.
FAQ
Q: What is pre-market trading?
A: It allows trading futures contracts for upcoming tokens before their official spot listing.
Q: How is MEMEFI’s settlement price determined?
A: Based on the index price from its last pre-market trade.
Q: Can I use leverage in pre-market trading?
A: Yes, leverage ranges from 0.01x to 2x, with tier-specific limits.
👉 Start trading MEMEFI futures now
Note: All external links except OKX’s official site have been removed for compliance.