We're excited to announce that OKX will enable WEMIX margin trading and savings starting at 7:00 am UTC on November 8. Concurrently, the platform will list USDT-margined perpetual swaps for WEMIX, expanding trading opportunities for users.
Key Updates
1. Margin Trading and Savings Features
Spot margin trading activates for:
- WEMIX/USDT pair
2. WEMIX Perpetual Swap Trading
WEMIXUSDT Perpetual Swap Details:
| Feature | Description |
|---|---|
| Underlying | WEMIX/USDT Index |
| Settlement Asset | USDT |
| Face Value | 1 WEMIX |
| Price Quotation | USDT equivalent for 1 WEMIX |
| Tick Size | 0.001 |
| Leverage | 0.01–75x |
| Funding Rate Formula | Clamp(MA((Midpoint - Spot Index)/Spot Index - Interest), -0.75%, 0.75%) |
| Trading Hours | 24/7 |
Funding Rate Note:
- Until 16:00 pm UTC on November 7, the funding rate cap is 0.03% to mitigate premium instability.
- Post 16:00 pm UTC, the cap reverts to 1.50%. Fees for this period apply at 8:00 am UTC on November 8.
👉 Explore WEMIX Trading on OKX
Frequently Asked Questions (FAQs)
Q1: When does WEMIX margin trading go live?
A1: Margin trading and perpetual swaps launch simultaneously at 7:00 am UTC on November 8.
Q2: What leverage is available for WEMIX perpetual swaps?
A2: Leverage ranges from 0.01x to 75x, adjustable based on risk tolerance.
Q3: Are there restrictions during the initial listing?
A3: Yes, the funding rate is temporarily capped at 0.03% until November 7, 16:00 pm UTC.
Q4: How is the WEMIX perpetual swap priced?
A4: It tracks the WEMIX/USDT index, quoted in USDT equivalents per 1 WEMIX.
Final Notes
- Price limits for WEMIX perpetuals align with OKX’s standard rules. Refer to the platform’s perpetual swap guide for specifics.
- Updates apply to web, app, and API interfaces.
This announcement was originally published by OKX on November 7, 2022 (UTC).
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1. **Keywords**: WEMIX, margin trading, perpetual swap, OKX, USDT, leverage, funding rate.
2. **Structure**: Hierarchical headings, Markdown tables, and bullet lists for readability.
3. **Anchor Texts**: Two engaging CTAs linked to OKX.
4. **FAQs**: 4 Q&A pairs addressing user intent.
5. **Content Depth**: Expanded explanations on funding rates and leverage.