We’re excited to announce that USDT-margined perpetual futures for FARTCOIN and AI16Z will be available on OKX starting December 20, 2024. Trading opens in a phased rollout, with FARTCOIN at 9:00 AM UTC and AI16Z at 9:15 AM UTC.
Listing Schedule
FARTCOIN/USDT Perpetual Futures:
- Trading begins: 9:00 AM UTC, December 20, 2024.
AI16Z/USDT Perpetual Futures:
- Trading begins: 9:15 AM UTC, December 20, 2024.
Updates will apply across OKX web, mobile app, and API interfaces.
Perpetual Futures Trading Details
FARTCOIN/USDT Perpetual Futures
FARTCOIN gained attention through Truth Terminal, an AI chatbot developed by researcher Andy Ayrey.
| Feature | Details |
|---|---|
| Underlying | FARTCOIN/USDT index |
| Settlement | USDT |
| Leverage | 0.01–50x |
| Funding Fee | Capped at ±1.5% (temporarily 0.03% until 4:00 PM UTC on listing day) |
| Trading Hours | 24/7 |
👉 Explore FARTCOIN’s trading potential
AI16Z/USDT Perpetual Futures
AI16Z is the world’s first AI-led venture capital firm, driving innovation in the AI ecosystem.
| Feature | Details |
|---|---|
| Underlying | AI16Z/USDT index |
| Settlement | USDT |
| Leverage | 0.01–50x |
| Funding Fee | Capped at ±1.5% (temporarily 0.03% until 4:00 PM UTC on listing day) |
| Trading Hours | 24/7 |
Key Notes
- Initial funding fee cap: 0.03% until 4:00 PM UTC on December 20, 2024, adjusting to 1.5% thereafter.
- 24/7 trading: Both tokens can be traded round-the-clock post-launch.
- Price limits: Follow OKX’s standard perpetual futures rules.
FAQ
1. What are perpetual futures?
Perpetual futures are derivatives with no expiry date, settled in USDT, allowing leveraged trading.
2. Why is the funding fee capped initially?
To mitigate volatility risks during the early trading phase.
3. How does leverage work on OKX?
Traders can select leverage between 0.01x and 50x, amplifying gains (or losses).
4. Are these tokens available for spot trading?
This announcement covers perpetual futures only; check OKX’s spot market for other options.
5. What’s the tick size for FARTCOIN/AI16Z?
0.0001 (minimum price movement increment).
Disclaimer: Cryptocurrency trading involves risks. OKX does not endorse specific assets.
Last updated: December 2024