OKX has announced the listing of POL cryptocurrency, including USDT-margined perpetual futures, and the launch of margin trading and Simple Earn features. These updates will be available from September 24, 2024.
Margin Trading and Simple Earnings
OKX will enable spot margin trading for the POL/USDT pair. Users are advised to review the tiered margin levels that will be available in the Margin Borrowing Position Tiers guide following the official listing. Limits and further details for Simple Earn can be found in the 'Introduction to OKX Simple Earn and its Rules', which is also available after the listing is published.
Perpetual Futures Trading
For USDT-margined perpetual futures, users should be aware of temporary adjustments to the funding fee. Due to potential volatility in the premium, the funding fee will be capped at 0.03% before 19:00 on September 24, 2024. After this time, the limit will revert to the standard 1.50%. The funding fee for this period will be charged on September 25, 2024 at 15:00.
Limits and Further Details
*This information is not investment advice.
OKX's updates will allow users to trade POL cryptocurrency using new margin trading and Simple Earn options. Users are advised to review terms and limitations before starting trading.
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