Dear OKX Users,
We're excited to announce the official launch of MERL trading services across our platform:
Key Launch Timeline
- April 19, 2024 (18:30 UTC+8): MERL-USDT Perpetual Contracts go live
- April 22, 2024 (12:00 UTC+8): MERL/USDT Margin Trading and Easy Earn become available
1. Margin Trading & Easy Earn Features
Margin Trading Details:
- Available trading pair: MERL/USDT
- Leverage tiers will be visible upon launch
👉 Discover optimal leverage strategies
Easy Earn Program:
- Staking quotas will be displayed when the feature activates
- Earn passive income on your MERL holdings
2. MERL-USDT Perpetual Contract Specifications
| Contract Specification | Details |
|---|---|
| Underlying Asset | MERL/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 MERL |
| Price Quotation | USDT price per 1 MERL |
| Minimum Price Movement | 0.0001 |
| Leverage Range | 0.01x - 50x |
| Funding Fee Mechanism | Clamped rate with 0.75% ceiling |
| Trading Availability | 24/7 |
Special Note for New Contracts:
During initial launch (until April 20, 00:00 UTC+8), funding rate caps are temporarily set at 0.03% to ensure stability. Regular 1.50% caps will resume afterward.
Why Trade MERL on OKX?
- Industry-leading liquidity
- Competitive fee structure
- Robust risk management systems
👉 Start trading MERL today
FAQ Section
Q: When can I start trading MERL margin positions?
A: Margin trading for MERL/USDT will be available starting April 22 at 12:00 UTC+8.
Q: What's the maximum leverage for MERL perpetual contracts?
A: You can utilize up to 50x leverage, though we recommend careful risk management.
Q: How does the funding fee calculation work?
A: Rates are dynamically calculated based on the premium index, with protective ceilings to ensure fairness.
At OKX, we're committed to providing cutting-edge trading tools and exceptional service quality. Our team continuously monitors all new listings to ensure optimal trading conditions.
OKX Trading Team
April 19, 2024