The cryptocurrency exchange OKX has announced the launch of new trading products for UXLINK, a growing digital asset in the decentralized ecosystem. Starting July 18, 2024, users can access perpetual futures contracts denominated in USDT, followed by margin trading and Simple Earn services the next day. This integration marks a significant step in expanding trading flexibility and yield opportunities for UXLINK holders.
With this update, OKX continues to strengthen its position as a leading platform offering advanced financial tools for emerging crypto assets. The rollout includes support across both web and mobile applications, with synchronized API updates to ensure seamless access for retail and institutional traders alike.
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UXLINK Perpetual Futures Launch Details
On July 18, 2024, at 16:00 Vietnam Time (UTC+7), OKX will officially list UXLINK/USDT perpetual futures contracts. These contracts allow traders to take leveraged long or short positions without an expiration date, making them ideal for both short-term speculation and hedging strategies.
Key Contract Specifications
- Underlying Index: UXLINK/USDT
- Settlement Currency: USDT
- Contract Size: 10 USDT per contract
- Price Quotation: Value of 1 UXLINK in USDT
- Price Tick Size: 0.0001 USDT
- Leverage Range: 0.01x to 50x (adjustable based on risk settings)
- Funding Fee Mechanism: Clamp formula applied as follows:
Clamp(MA((Best Bid + Best Ask)/2 – Spot Index Price) / Spot Index Price – Interest Rate, -0.75%, 0.75%)
Where Interest Rate = 0. Funding fees are settled periodically based on time intervals. - Trading Schedule: Available 24/7
During the initial launch phase, special funding fee caps will apply to protect traders from volatility spikes:
- Until 23:00 on July 18, 2024 (Vietnam Time): Maximum funding rate capped at 0.03%
- After 23:00 on July 18, 2024: Cap adjusted to standard level of 1.50%
Note: The first funding fee calculation under the new contract will occur at 07:00 on July 19, 2024 (Vietnam Time).
These measures help ensure market stability during the early stages of trading, aligning with OKX’s broader risk management protocols for newly listed derivatives.
Margin Trading and Simple Earn Availability
Starting July 19, 2024, at 11:00 Vietnam Time, OKX will activate two additional services for UXLINK:
1. Spot Margin Trading
Traders can now engage in margin trading for the UXLINK/USDT pair. This enables borrowing funds to amplify trading positions, either long or short, increasing potential returns (and risks).
OKX employs a tiered margin system that adjusts borrowing limits and loan-to-value ratios based on user tier, account equity, and market conditions. Specific tier details will be published on the platform upon listing.
2. Simple Earn for UXLINK
Users will also gain access to Simple Earn, OKX’s user-friendly yield generation product. Through Simple Earn, holders can deposit UXLINK and earn passive income via staking or flexible savings plans.
While exact APY rates and maximum subscription quotas will be confirmed at launch, the service is designed to offer competitive returns with low entry barriers—ideal for both new and experienced investors seeking exposure to emerging tokens.
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Why This Matters for Crypto Traders
The addition of UXLINK across multiple product lines reflects growing demand for diversified financial instruments around innovative blockchain projects. By integrating perpetual contracts, margin trading, and yield products, OKX empowers users with:
- Greater Liquidity Access: Enhanced trading pairs attract more participants, improving order book depth.
- Risk Management Tools: Perpetual futures allow hedging against price swings.
- Capital Efficiency: Margin trading lets users control larger positions with less upfront capital.
- Passive Income Streams: Simple Earn transforms idle holdings into income-generating assets.
For traders focused on altcoins with strong community traction like UXLINK, these features significantly expand strategic options beyond simple spot buying.
Frequently Asked Questions (FAQ)
Q: When does UXLINK perpetual futures trading start?
A: Trading begins on July 18, 2024, at 16:00 Vietnam Time (UTC+7) for UXLINK/USDT perpetual contracts settled in USDT.
Q: What is the maximum leverage available for UXLINK futures?
A: Up to 50x leverage is supported, though effective leverage may vary depending on position size and risk controls.
Q: Are there special funding fee rules during launch?
A: Yes. Until 23:00 on July 18, the funding rate cap is limited to 0.03% to prevent abnormal charges. After that, it reverts to the normal cap of 1.50%.
Q: Can I use margin to trade UXLINK immediately after futures launch?
A: No. Margin trading for UXLINK/USDT goes live later—on July 19 at 11:00 Vietnam Time.
Q: How can I earn yield on my UXLINK tokens?
A: Through OKX Simple Earn, available starting July 19. Users can stake or save UXLINK to earn regular returns. Details on rates and caps will be updated on the platform.
Q: Is API support available for these new products?
A: Yes. Full API integration is provided for both web and mobile platforms, enabling algorithmic trading and portfolio automation.
Strategic Implications for UXLINK Adoption
The listing on OKX is more than just a technical upgrade—it's a signal of maturation in the UXLINK ecosystem. Inclusion in major derivative markets often correlates with increased visibility, institutional interest, and long-term price stability.
Moreover, offering multiple financial layers—futures, margin, and yield—creates a self-reinforcing cycle:
- Futures attract speculative capital.
- Margin trading increases spot market activity.
- Yield programs incentivize holding over selling.
This trifecta supports sustainable growth by balancing short-term trading dynamics with long-term investment incentives.
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Final Thoughts
OKX’s comprehensive rollout of UXLINK perpetual contracts, margin trading, and Simple Earn services underscores its commitment to delivering cutting-edge financial infrastructure for next-generation digital assets. For traders and investors alike, this opens new doors for strategy development, risk management, and wealth creation.
As the crypto landscape evolves, platforms that offer depth across trading and earning products will continue to lead adoption. With UXLINK now fully integrated into OKX’s ecosystem, users have timely access to one of the most dynamic tools in modern digital finance.
Stay updated through official OKX channels for real-time announcements and feature enhancements post-launch.