The cryptocurrency derivatives market continues to expand with fresh innovation, and OKX is at the forefront by introducing three new USDT-margined perpetual contracts: NXPCUSDT, LAUNCHCOINUSDT, and MUBARAKUSDT. These contracts went live on June 3, 2025, offering traders enhanced exposure to emerging blockchain projects across gaming, community-driven token launches, and meme-inspired digital assets.
Whether you're an experienced trader or exploring new opportunities in the crypto space, this update opens doors to dynamic markets with flexible leverage, round-the-clock trading, and transparent pricing mechanics.
👉 Discover how to start trading these new perpetual contracts today.
Launch Schedule and Trading Availability
To ensure a smooth rollout and optimal market conditions, OKX has staggered the official opening times for each contract:
- NXPCUSDT: Trading began at 6:00 PM (UTC+8)
- LAUNCHCOINUSDT: Trading began at 6:15 PM (UTC+8)
- MUBARAKUSDT: Trading began at 6:30 PM (UTC+8)
All contracts are available across OKX’s full suite of platforms — web, mobile app, and API — ensuring seamless access regardless of your preferred trading method. Each contract supports 7×24 hour trading, enabling global participants to engage at any time.
NXPCUSDT Perpetual Contract: Gaming Meets Blockchain
NEXPACE (NXPC) is a blockchain-based gaming initiative launched by Nexon, built within the expansive MapleStory universe. The project leverages NXPC tokens and NFT technology to empower players with true ownership of in-game assets, creating a decentralized gaming economy where users control their digital collectibles and progress.
This integration of blockchain into mainstream gaming highlights a growing trend toward player-centric ecosystems — one that presents compelling speculative and investment potential.
Key Contract Specifications
- Underlying Asset: NXPC/USDT Index
- Settlement Currency: USDT
- Contract Size: 1 NXPC
- Price Quotation: Based on the USDT value of 1 NXPC
- Tick Size: 0.001 USDT
- Leverage Range: 0.01x to 50x
- Funding Rate Mechanism: Calculated using a clamp formula based on average premium index and interest rate, capped between -1.5% and +1.5%
- Funding Interval: Every 4 hours
- Trading Hours: 24/7
Traders can use high leverage to amplify positions while managing risk through advanced order types and real-time market data available on OKX.
LAUNCHCOINUSDT Perpetual Contract: Community-Powered Token Innovation
Launch Coin (LAUNCHCOIN) represents a novel approach to token creation via the Believe platform. Users can propose new tokens by posting on X (formerly Twitter), specifying the token name and symbol. Once validated, these tokens can be launched directly on Believe — making it one of the most accessible community-driven launchpads in Web3.
This democratization of token creation fuels innovation but also brings volatility — making perpetual contracts like LAUNCHCOINUSDT ideal for traders seeking exposure to early-stage crypto movements.
Key Contract Specifications
- Underlying Asset: LAUNCHCOIN/USDT Index
- Settlement Currency: USDT
- Contract Size: 10 LAUNCHCOIN
- Price Quotation: Based on the USDT value of 1 LAUNCHCOIN
- Tick Size: 0.0001 USDT
- Leverage Range: 0.01x to 20x
- Funding Rate Mechanism: Same standardized model as other OKX perpetuals
- Funding Interval: Every 4 hours
- Trading Hours: 24/7
With lower maximum leverage compared to other contracts, LAUNCHCOINUSDT reflects its higher volatility profile — encouraging responsible risk management.
MUBARAKUSDT Perpetual Contract: Riding the Meme Coin Wave
MUBARAK is a meme-inspired cryptocurrency derived from the Arabic word “Mubarak,” meaning "blessed" or "congratulations." Like many meme coins, it thrives on social sentiment, viral trends, and cultural resonance within online communities.
While lacking utility in traditional DeFi or enterprise applications, assets like MUBARAK often experience rapid price swings — creating high-reward (and high-risk) opportunities for derivatives traders.
Key Contract Specifications
- Underlying Asset: MUBARAK/USDT Index
- Settlement Currency: USDT
- Contract Size: 100 MUBARAK
- Price Quotation: Based on the USDT value of 1 MUBARAK
- Tick Size: 0.00001 USDT (enabling precision in micro-movements)
- Leverage Range: 0.01x to 50x
- Funding Rate Mechanism: Standardized funding model with dynamic adjustment capability
- Funding Interval: Every 4 hours
- Trading Hours: 24/7
Due to its speculative nature, MUBARAKUSDT appeals to short-term traders who monitor social media trends and market psychology closely.
Special Funding Rate Adjustment During Initial Phase
To protect traders during the initial volatility phase following launch:
- Until June 4, 2025, at 00:00 UTC+8, the funding rate cap was limited to ±0.5%.
- Starting from that time, the cap reverted to the standard ±1.5%.
- The first funding fee under the normal cap was charged at 4:00 AM UTC+8 on June 4, 2025.
OKX reserves the right to adjust funding rates if significant price deviations occur, ensuring fairness and stability in the market.
All other trading rules — including margin requirements, liquidation thresholds, and order limits — align with existing USDT-margined perpetual contracts on the platform.
Frequently Asked Questions (FAQ)
Q: What are USDT-margined perpetual contracts?
A: They are derivative instruments that allow traders to speculate on cryptocurrency price movements using USDT as collateral. Unlike futures, they have no expiry date and use a funding rate mechanism to keep prices aligned with the spot market.
Q: Why are there different contract sizes for each asset?
A: Contract size is adjusted based on expected token price. Lower-priced tokens like MUBARAK have larger contract sizes (e.g., 100 units) to maintain meaningful trading value per contract.
Q: How is the funding rate calculated?
A: It combines the interest rate and premium index, adjusted via a clamping function to prevent extreme values. This ensures fair compensation between longs and shorts every 4 hours.
Q: Can I trade these contracts on mobile?
A: Yes. All three contracts are fully supported on OKX’s iOS and Android apps, with real-time charts, order execution, and portfolio tracking.
Q: Is leverage risky? How can I manage it?
A: High leverage increases both profit potential and liquidation risk. Use stop-loss orders, position sizing tools, and monitor your maintenance margin closely.
👉 Access powerful trading tools and advanced charting features now.
Core Keywords Integration
This article naturally incorporates key search terms relevant to traders and investors looking for information about new crypto derivatives. The core keywords include:
- perpetual contracts
- USDT-margined futures
- NXPC trading
- LAUNCHCOIN price
- MUBARAK cryptocurrency
- crypto derivatives launch
- high-leverage trading
- 24/7 cryptocurrency market
These terms reflect real user search intent around new listings, trading strategies, and platform capabilities.
Final Thoughts
The introduction of NXPCUSDT, LAUNCHCOINUSDT, and MUBARAKUSDT perpetual contracts underscores OKX’s commitment to delivering diverse, innovative trading products. From blockchain gaming ecosystems to social-powered tokens and viral meme assets, these instruments cater to a broad spectrum of market participants.
As always, traders should conduct due diligence, understand the risks associated with leveraged products, and utilize risk management tools effectively.
👉 Begin trading these new perpetual contracts with confidence and precision.