The cryptocurrency exchange OKX has expanded its product offerings with the introduction of JUP/USDT spot trading, followed by the rollout of margin trading, perpetual contracts, and Simple Earn services for the JUP token. This strategic addition enhances trading flexibility and investment opportunities for users engaging with Jupiter (JUP), a growing player in the decentralized finance (DeFi) ecosystem.
These new features are designed to support diverse trading strategies—from short-term speculation to long-term yield generation—while maintaining high liquidity and risk-managed environments.
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JUP/USDT Spot Trading Now Live
OKX officially launched JUP/USDT spot trading on January 31, 2024, at 11:10 PM (UTC+8). This marks the beginning of broader market access for the Jupiter token, enabling traders to buy, sell, and hold JUP with USDT as the quote currency.
Spot trading provides immediate settlement and is ideal for investors seeking direct exposure to JUP’s price movements. With deep liquidity and real-time order matching, OKX ensures smooth entry and exit points for both retail and institutional traders.
Upcoming Features: Margin Trading & Simple Earn
Starting February 1, 2024, at 12:00 PM (UTC+8), OKX introduced two powerful tools to enhance capital efficiency and passive income opportunities:
1. JUP/USDT Margin Trading
Leveraged trading is now available for JUP/USDT pairs using USDT as collateral. Key details include:
- Supported leverage: Tiered margin levels based on position size (refer to OKX’s margin tier guidelines post-launch).
- Flexible borrowing: Users can borrow USDT or JUP to increase their exposure, allowing for both long and short positions.
- Risk controls: Dynamic maintenance margin ratios and liquidation thresholds help manage downside risks during volatile market conditions.
This feature empowers experienced traders to amplify returns while requiring strict risk discipline due to the amplified loss potential.
2. Simple Earn for JUP
OKX’s Simple Earn program enables users to earn yield on idle JUP holdings.
- Flexible and fixed-term options will be available upon launch.
- Competitive annual percentage yields (APY) will be offered based on market demand and staking duration.
- Funds can be redeemed easily (in flexible mode) or locked for higher returns (in fixed mode).
This service lowers the barrier to DeFi-like returns without requiring complex wallet interactions or gas fees.
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JUP/USDT Perpetual Contract Details
OKX launched the JUPUSDT perpetual contract on February 1, 2024, at 12:05 PM (UTC+8) across all platforms—web, mobile app, and API. This derivative product allows traders to speculate on JUP’s price with leverage, without expiration dates.
Core Contract Specifications
- Underlying Index: JUP/USDT Index
- Settlement Currency: USDT
- Contract Size: 10 USDT per contract
- Price Quotation: Based on the USDT price of 1 JUP
- Tick Size: 0.0001 USDT (minimum price movement)
- Leverage Range: 0.01x to 50x (adjustable based on position size and risk level)
- Trading Hours: 7×24 continuous trading
Funding Rate Mechanism
The funding fee ensures that perpetual contract prices stay aligned with the underlying spot index:
Funding Fee = Clamp(MA[((Bid + Ask)/2 – Spot Index)/Spot Index – Interest], -0.75%, 0.75%)
(Interest rate is set to 0)
Funding is exchanged between long and short positions every 8 hours. During the initial launch phase (until February 2, 2024, 00:00 UTC+8), the maximum funding rate was capped at 0.03% to prevent volatility from distorting costs. After this period, the cap reverted to the standard 1.50%, with the first full-cycle charge applied at 08:00 UTC+8 on February 2.
This mechanism promotes market stability during early adoption while aligning with global derivative standards.
Why These Listings Matter
The integration of JUP across multiple financial products reflects its rising relevance in the Solana-based DeFi landscape. As a key liquidity aggregator and decentralized exchange platform, Jupiter continues to gain traction, making its native token an attractive asset for traders and yield seekers alike.
By offering spot, margin, perpetuals, and yield-generating products, OKX strengthens its position as a one-stop hub for digital asset management—supporting both beginner-friendly tools and professional-grade trading infrastructure.
Frequently Asked Questions (FAQ)
Q: When did JUP/USDT spot trading go live on OKX?
A: JUP/USDT spot trading began on January 31, 2024, at 11:10 PM (UTC+8).
Q: Can I trade JUP with leverage on OKX?
A: Yes. Margin trading for JUP/USDT launched on February 1, 2024, at 12:00 PM (UTC+8), allowing leveraged positions via borrowed funds.
Q: What is the maximum leverage available for JUPUSDT perpetual contracts?
A: Traders can use up to 50x leverage, though effective leverage may vary based on account tier and position size.
Q: How does the funding rate work for JUP perpetuals?
A: Every 8 hours, traders pay or receive funding based on the difference between contract and spot prices. The rate is capped between -0.75% and +0.75% under normal conditions.
Q: Is there a way to earn passive income from holding JUP on OKX?
A: Yes. Through the Simple Earn program, users can stake JUP and earn competitive APY on both flexible and fixed-term deposits.
Q: Are there any special rules during the initial launch phase of the perpetual contract?
A: Yes. To stabilize pricing, the funding rate was temporarily capped at 0.03% until February 2, 2024, 00:00 UTC+8, after which it returned to standard parameters.
Final Thoughts
OKX’s comprehensive rollout of JUP trading products underscores its commitment to delivering innovative financial tools aligned with market demand. Whether you're a day trader using perpetual contracts, a swing trader leveraging margin positions, or a long-term holder earning yield through Simple Earn—the platform supports every stage of your investment journey.
As the DeFi ecosystem evolves, having access to reliable, secure, and feature-rich exchanges becomes increasingly vital.
👉 Access advanced trading features and start building your crypto strategy today.