Bitcoin Exchange OKX Announces It Will List a New Altcoin on Futures!

Cryptocurrency exchange OKX is preparing to launch USDT margin futures for HMSTR, and trading will begin at 13:00 on August 1, 2024. This update will be available in the web and application interfaces as well as the API.

OKX to List HMSTR Futures

Details of Pre-Market Futures Contract:

Collateral: HMSTR/USDT index (based on the last price of the contract)

Settlement Crypto: USDT

Face Value: 10 HMSTR

Quote: Price of 1 HMSTR in USDT

Tick Size: 0.0001

Leverage: 0.01 – 2x

Trading Hours: 24/7 trading

Contract Type: Expiry futures

Delivery Time: The delivery date of futures transactions has not been determined yet. Typically, pre-market futures are delivered before the crypto is listed on the spot market. The specific delivery date will be announced separately.

Key Features of OKX Pre-Market Futures:

Pre-market futures for HMSTR differ from standard OKX expiration futures in several product mechanisms, including tiered position limits and user-specific position limits.

Traders are advised to refer to the “Introduction to Pre-Market Futures Trading” section for detailed information on trading rules such as limit prices and tier levels.

This new listing aims to offer investors an early opportunity to trade futures for HMSTR prior to its spot market listing.

*This is not investment advice.

Source