MAHE, Seychelles, July 29,
2024 /PRNewswire/ -- OKX, a leading
crypto exchange and global Web3 technology company,
today announced the launch of Pre-Market Futures, which allows
customers to trade futures contracts with up to 2x leverage for
upcoming tokens before a Token Generation Event (TGE), token public
sale or Initial Coin/Exchange Offering (ICO/IEO).
OKX's Pre-Market Futures adopts several mechanisms found in
OKX's expiry futures product, providing customers with a more
sophisticated and user-friendly experience compared to other
pre-market offerings which are typically based on peer-to-peer
(P2P) trading models. This empowers customers to trade without
holding the underlying asset.
The new product also comes with an intuitive interface, making
it easy to navigate and explore pre-market trading for all eligible
customers.* The first addition to Pre-Market Futures will be
Telegram mini-app game Hamster Kombat's HMSTR token.
Other benefits for customers include:
- Early market entry: Engage in price discovery of new
tokens and capitalize on early-stage market buzz and potential
price movements;
- Enhanced liquidity: The product aims to ensure superior
liquidity compared to existing P2P-based pre-market products;
- Leverage: Maximize market opportunities with 2x
leverage; and
- Lower fees: Enjoy lower fees compared to other major
P2P-based pre-market products on the market.
OKX Global Chief Commercial Officer Lennix Lai said: "Our unique approach to
assisting in the price discovery process for early-stage tokens is
backed by our robust risk engine and extensive experience. By
opening up new avenues to participate in crypto, we
aim to make trading more accessible, efficient and appealing."
*Not all products offered in all regions. Trading in pre-market
futures is highly risky due to such factors as lower liquidity,
higher price volatility, and there is increased liquidation risk.
Not all tokens underlying pre-market futures will ultimately be
listed on OKX. Users will not receive underlying tokens. OKX
retains sole discretion to adjust any listing, extend or terminate
the futures contract and/or settlement date for the futures
contract, or suspend trading in pre-market futures. For more
details, please refer to the OKX Terms of Service
and Risk & Compliance Disclosure.
For further information, please contact:
Media@okx.com
ENDS
OKX is a leading global crypto exchange and
innovative Web3 company. Trusted by more than 50 million global
users, OKX offers a secure and trustworthy platform that provides
responsible crypto traders with innovative tools to
access the world of crypto.
As a global brand and top partner of Manchester City FC and
McLaren Racing, OKX uses Web3 technology to redefine how fans
connect with their favorite teams. Recent examples include
its Unseen City Shirts and Race Rewind digital
collectible campaigns, which offer fans real-world benefits like
exclusive match-day and trackside experiences. As the Presenting
Partner of Tribeca Festival, OKX also empowers artists and creators
through Web3.
In line with its "on-chain, any chain" philosophy, OKX
contributes to the growth of the Web3 ecosystem via its secure,
interoperable and self-custody enabled OKX Wallet. OKX Wallet
is a user-friendly gateway to the on-chain world, connecting to
over 100 blockchains, 10,000 dApps, 170+
DeFi protocols, 500,000 tokens and nearly 500
decentralized exchanges (DEXs).
OKX is committed to transparency and security, and publishes
its Proof of Reserves monthly to build trust. It is also
dedicated to expanding its educational resources through OKX
Learn, making digital assets accessible and understandable for a
broader audience.
To learn more about OKX, download our app or
visit: okx.com
Disclaimer
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SOURCE OKX