OKX, a prominent cryptocurrency exchange, has unveiled its strategic decision to introduce ORBS, an altcoin, to its margin trading platform.

OKX ORBS is expanding its offerings with the permanent listing of the altcoin, allowing users to engage in margin trading, participate in Simple Earn, and enter USDT margin perpetual swaps for ORBS, starting from 7:00 AM on October 17. These enhancements will be seamlessly accessible through web interfaces, applications, and APIs.

Specifics regarding the tiered margin levels can be accessed in the Margin Borrowing Position Tiers upon the official listing.

It's important to note that there may be price fluctuations during the initial launch of a new contract. To ensure fairness in pricing, the funding rate will be capped at 0.03% until 19:00 on October 17.

Subsequently, after 19:00 on October 17, the upper limit for the projected funding rate will revert to the standard 1.50%. The funding fee for this period will be applied at 11:00 on October 18.