We are excited to announce the listing of ZEUS on the OKX trading platform. Starting April 5, 2024, at 8:30 am UTC, users can trade ZEUS perpetual futures with USDT margin. Additionally, margin trading and Simple Earn for ZEUS will be enabled on April 8, 2024, at 4:00 am UTC.
These new features will be accessible across all OKX interfaces, including the web platform, mobile app, and API. This expansion provides traders and investors with more flexibility and opportunities to engage with the ZEUS cryptocurrency.
ZEUS Margin Trading and Simple Earn Features
Spot margin trading for the ZEUS/USDT pair will be available, allowing users to borrow funds to amplify their trading positions. The specific tiered margin levels will be detailed on the platform following the official listing.
The Simple Earn product will also support ZEUS, enabling users to earn rewards on their holdings. The subscription limits and other details for Simple Earn will be published on the official site at the time of launch.
ZEUS Perpetual Futures Contract Specifications
The newly listed ZEUSUSDT perpetual futures contract comes with the following parameters:
| Feature | Details |
|---|---|
| Underlying | ZEUS/USDT index |
| Settlement Crypto | USDT |
| Face Value | 10 |
| Price Quotation | 1 ZEUS value calculated in USDT equivalent |
| Tick Size | 0.0001 |
| Leverage | 0.01x to 50x |
| Funding Fee | Calculated based on a specific formula with a clamp between -0.75% and 0.75%; Interest is set to 0. |
| Trading Hours | 24/7 |
It is important to note that due to potential premium instability for a new contract, the funding fee upper limit is temporarily set to 0.03% until 4:00 pm UTC on April 5, 2024. After this time, the predicted funding fee cap will return to the standard 1.50%. The first funding fee settlement will occur at 12:00 am UTC on April 6, 2024.
The price limit rules for the ZEUS USDT-margined perpetual futures align with those of other cryptocurrencies on the platform. For a comprehensive understanding of how perpetual futures work, you can explore the trading guides here.
How to Start Trading ZEUS on OKX
To begin trading ZEUS perpetual futures or using margin features, ensure your OKX account is funded and verified. Navigate to the respective trading sections—'Derivatives' for futures or 'Margin' for spot trading—once the assets are officially listed.
For those interested in earning passive income, the Simple Earn section will list ZEUS as an available asset for subscription. Always review the latest risk disclosures and product details directly on the platform before committing funds.
Frequently Asked Questions
What are perpetual futures?
Perpetual futures are a type of derivative contract without an expiry date, allowing traders to hold positions indefinitely. They are popular for speculating on the future price of an asset like ZEUS and use a funding rate mechanism to keep the contract price aligned with the spot market.
How does margin trading work for ZEUS?
Margin trading enables you to borrow funds to open larger positions than your account balance would allow. For the ZEUS/USDT pair, you can use borrowed capital to long or short the asset, amplifying both potential profits and losses. It's crucial to understand leverage risks before trading.
What is Simple Earn?
Simple Earn is a product that lets you earn rewards on cryptocurrencies you hold. By locking your ZEUS tokens in these flexible or fixed-term products, you can generate a yield. The specific APY and terms for ZEUS will be available at launch.
When will ZEUS trading go live?
ZEUS perpetual futures trading begins on April 5, 2024, at 8:30 am UTC. Spot margin trading and Simple Earn for ZEUS start on April 8, 2024, at 4:00 am UTC. All services are accessible via the OKX website and mobile application.
Are there any trading limits for new listings?
Yes, new listings often have initial trading limits and adjusted parameters, such as the temporary funding rate cap for ZEUS futures. These are typically implemented to ensure market stability in the early stages and are detailed in the official announcements.
Where can I learn more about trading strategies?
For those looking to deepen their understanding of derivative products or margin trading, numerous educational resources are available. You can get advanced methods and insights directly from the platform's help center and trading tutorials.