On July 25, 2025, OKX announced the launch of perpetual contracts for USELESSUSDT and NEWTUSDT, available across various platforms.
Launch of Perpetual Contracts
OKX officially launched perpetual contracts for USELESSUSDT and NEWTUSDT at 18:00 (UTC+8) on July 25. This feature is available on the web platform, app, and through API. The announcement confirmed trading schedules via OKX's official portal.
Community Reactions
Community reactions to the launch have been mixed, with some traders expressing enthusiasm for new opportunities while industry observers remain cautious. So far, there have been no official statements from prominent figures in response to this launch.
Market Analysis and Volatility
According to CoinMarketCap, USELESS Coin (USELESS) is trading at $0.39 with a market cap of $392,623,703. Recent data shows a 188.71% increase over 30 days, with a trading volume of $53,255,057 — up 28.36% in 24 hours. Coincu's analysis suggests potential increased volatility in trading USELESS and NEWT, as historical trends indicate speculative trading spikes.
The launch of OKX's perpetual contracts for USELESSUSDT and NEWTUSDT may impact liquidity and trading volumes in the market, although community opinions remain mixed.
