NASSAU, the Bahamas, Oct. 16, 2023 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange and Web3 technology company, has issued updates for October 17, 2023.
OKX to List ORBS Perpetual Swap and Enable Margin Trading and Simple Earn for the Token
OKX today announced that it will list a USDT-margined perpetual swap for ORBS, with up to 75x leverage, on October 17 at 04:00 (UTC). The exchange will also enable margin trading and Simple Earn for ORBS at the same time.
Further details on the ORBS/USDT perpetual swap are as follows:
| Feature | Details |
| Underlying | ORBS/USDT Index |
| Settlement asset | USDT |
| Face value | 100 |
| Price quotation | 1 ORBS value calculated in USDT equivalent |
| Tick size | 0.00001 |
| Leverage | 0.01-75x |
| Funding rate | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0 |
| Trading hours | 24/7 |
Orbs is a public blockchain infrastructure that allows enterprises to offer decentralized tools and services to give blockchain-backed guarantees to their users and partners. Its token, ORBS, serves as the main means of payment for all services on Orbs. Via the token, users can pay for services from infrastructure operators; the token is also used to select validators and manage the protocol.
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About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
The OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.
