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OKX to list pre-market futures for HYPE (Hyperliquid) crypto
Listing Timeline
We are pleased to announce that USDT-margined pre-market futures for HYPE (Hyperliquid) will be enabled at 1:30 pm UTC on Dec 4, 2024. The updates will cover both the web and app interfaces as well as the API:
Project Introduction
Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system. The flagship native application is a fully on-chain order book perpetuals exchange, the Hyperliquid DEX.
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Asset name: Hyperliquid
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Ticker: HYPE
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Check Hyperliquid Price: https://www.okx.com/price/hyperliquid-hype
Pre-market Futures
OKX Pre-market Futures allows you to trade expiry futures on crypto that have not yet been officially listed. These pre-market futures are USDT-margined and are usually delivered before the new crypto is listed on the spot market. OKX has introduced the pre-market futures trading feature to provide users with a safe and reliable platform for participating in the price discovery of new cryptocurrencies.
1. Pre-market futures contract
|
Features |
Details |
|
Underlying |
HYPE/USDT index (index is the last price of the contract) |
|
Settlement crypto |
USDT |
|
Face value |
0.1 HYPE |
|
Price quotation |
Quote based on the USDT price of 1 HYPE |
|
Tick size |
0.001 |
|
Leverage |
0.01 - 5x |
|
Trading hours |
24/7 trading |
|
Contract type |
Expiry futures |
|
Delivery time |
The futures delivery date has not been determined. Pre-market futures are usually delivered after the crypto is listed on the spot market. The specific delivery date will be announced separately. |
OKX Pre-market Futures differs from the standard OKX expiry futures in some product mechanisms. Tiered position limits and user-specific position limits are as follows:
For details on trading rules such as limit prices and tier levels, please refer to the Introduction to Pre-market Futures.
1. Tiered position limits
|
Tier |
Max open positions (Contracts) |
MMR |
IMR |
Max leverage |
|
1 |
1,000 |
5.00% |
20.00% |
5 |
|
2 |
8,000 |
15.00% |
25.00% |
4 |
|
3 |
15,000 |
19.00% |
33.33% |
3 |
|
4 |
20,000 |
20.00% |
33.33% |
3 |
|
5 |
30,000 |
21.00% |
33.33% |
3 |
|
6 |
40,000 |
22.00% |
33.33% |
3 |
|
7 |
50,000 |
23.00% |
33.33% |
3 |
|
8 |
60,000 |
24.00% |
33.33% |
3 |
|
9 |
70,000 |
25.00% |
33.33% |
3 |
|
10 |
80,000 |
26.00% |
33.33% |
3 |
|
11 |
90,000 |
27.00% |
33.33% |
3 |
|
12 |
100,000 |
28.00% |
33.33% |
3 |
2. User-specific position limits
|
User type |
Position limit (contracts) |
|
USDT-margined futures DMM user |
100,000 |
|
Non USDT-margined futures DMM user |
8,000 |
Get ready for your trading
Top up your USDT balance to get ready for HYPE/USDT pre-market trading:
Risk reminders
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Prices in the pre-market futures are determined by market behavior and may not accurately reflect the actual listing price of the new crypto.
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The pre-market futures don’t guarantee that the crypto will eventually be listed on the spot trading. Refer to OKX announcements for specific listing details.
OKX may suspend such trading in pre-market conditions at any time and at its sole discretion. Please refer to Terms of Service and Risk & Compliance Disclosure for more details.
OKX team
Dec 4, 2024
