Bitcoin Exchange OKX Announced That It Will List This Altcoin On Its Futures Platform!
Leading cryptocurrency exchange platform, OKX, has revealed its latest addition to its futures platform: VENOM. This move aims to strengthen OKX’s position in the rapidly expanding cryptocurrency market.
In addition to listing VENOM on its futures platform, OKX also plans to introduce margin trading and Simple Earning features for VENOM in the near future.
According to the official statement, USDT margin perpetual futures trading for VENOM will commence on March 25, 2024, at 11:30. Margin trading and the Simple Profit feature for VENOM will be enabled on March 26, 2024, at 19:00.
Users will have accessibility to these features on OKX’s web and application interfaces and API, ensuring convenience across multiple platforms.
The introduction of margin trading will allow users to enhance their positions and potentially implement more advanced trading strategies for the VENOM/USDT trading pair.
However, OKX has implemented a warning measure to address potential instability in the premium with the launch of the new contract. To mitigate unforeseen expenses, the funding fee will be capped at 0.03% until 19:00 on March 25, 2024. After this period, the anticipated funding fee cap will return to the normal rate of 1.50%.
It is important to note that this information is not intended as investment advice.