To enhance the USDC ecosystem and cater to diverse trading preferences, OKX is launching the MOVE/USDC spot trading pair. Below are key details for traders:
Key Dates & Trading Schedule
- Call Auction Period:
📅 December 9, 2024
⏰ 2:30 pm – 3:30 pm UTC - Spot Trading Launch:
⏰ 3:30 pm UTC (immediately after call auction concludes).
Spot Trading Opening Rules
To minimize volatility risks during initial trading, OKX enforces these 5-minute restrictions post-launch:
✅ Allowed:
- Limit orders (max value: $10,000 per order).
❌ Restricted:
- Market orders.
⚠️ Restrictions lift automatically after 5 minutes.
Understanding Call Auctions
The MOVE/USDC listing utilizes a 1-hour call auction to determine fair opening prices:
- How It Works: Traders submit buy/sell orders at desired prices before live trading. The system aggregates these to calculate an indicative opening price.
- Post-Auction Display: OKX shows the project team’s suggested opening price (for reference only) but executes trades based on auction results.
👉 Learn how call auctions protect market stability
FAQ Section
Q1: Can I place market orders right after trading starts?
A1: No. Market orders are disabled for the first 5 minutes to prevent sudden price swings.
Q2: What’s the purpose of the call auction?
A2: It ensures orderly price discovery by aggregating trader inputs before live trading begins.
Q3: Is the project team’s opening price binding?
A3: No. It’s informational and doesn’t affect actual trade execution prices.
Risk Disclaimer
Digital asset trading involves high volatility and risks. OKX does not guarantee accuracy in third-party data or project team disclosures. Conduct independent research and assess your risk tolerance before trading.
📌 Visit OKX Support for further assistance.
Published by OKX Team | December 2024
👉 Explore more trading pairs on OKX
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