We’re excited to announce that CELO and GALA margin trading, savings, and USDT-margined perpetual swaps will go live at 10:00 am UTC on September 24. This update applies to both web and app interfaces, along with API integrations. Below are the key details:
Margin Trading and Savings
1. Spot Margin Trading Pairs
- CELO/USDT
- GALA/USDT
2. Tiered Margin Ratios
For specifics on margin requirements, refer to the Margin Borrowing Position Tiers post-listing.
3. Savings Limits
Details on savings caps and rules are available in the Business Rules for Savings.
Perpetual Swap Trading
CELO/USDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | CELO/USDT Index |
| Settlement Asset | USDT |
| Face Value | 1 CELO |
| Price Quotation | USDT equivalent per CELO |
| Tick Size | 0.0001 |
| Leverage | 0.01–75x |
| Funding Rate | Clamp(MA((Mid Price − Spot Index) / Spot Index − Interest), ±0.75%) |
| Trading Hours | 24/7 |
GALA/USDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | GALA/USDT Index |
| Settlement Asset | USDT |
| Face Value | 10 GALA |
| Price Quotation | USDT equivalent per GALA |
| Tick Size | 0.00001 |
| Leverage | 0.01–75x |
Important Notes
- Funding Rate Adjustments: Until 4:00 pm UTC on September 24, the funding rate cap is 0.03% to mitigate premium instability. Post this time, it reverts to the standard 0.75%.
- Price Limits: Rules align with other USDT-margined perpetual swaps. Review our Perpetual Swap Trading Guide for specifics.
FAQs
1. When do CELO and GALA perpetual swaps start trading?
At 10:00 am UTC on September 24, alongside margin trading and savings.
2. What leverage is available for these swaps?
Up to 75x for both CELO and GALA perpetual swaps.
3. Are there restrictions on funding rates initially?
Yes, a 0.03% cap applies until 4:00 pm UTC on September 24 to reduce volatility.
4. Where can I find margin tier details?
Check the Margin Borrowing Position Tiers post-listing.
5. How do savings limits work?
Refer to the Savings Business Rules for eligibility and caps.
👉 Trade CELO and GALA on OKX Now
👉 Explore Perpetual Swaps with 75x Leverage
_Risk Warning_: Digital asset trading carries high risk and may lead to capital loss. Assess your risk tolerance and seek independent advice if needed.
For questions, contact us via OKX Support or the Telegram Community.
OKX – September 24, 2021 (UTC)
### **Keywords**:
- CELO
- GALA
- Margin Trading
- Perpetual Swaps
- OKX
- Leverage
- Savings