The digital asset ecosystem continues to evolve, with new opportunities emerging for traders and investors seeking diversified exposure across innovative blockchain projects. One such development is the upcoming listing of OL token-related services on OKX, a leading global cryptocurrency exchange. Starting November 22, 2024, users will gain access to USDT-margined perpetual futures, spot margin trading, and yield-generating options through Simple Earn — all centered around the OL cryptocurrency.
This multi-service rollout underscores OKX’s commitment to expanding accessible, flexible, and feature-rich trading tools for both novice and experienced market participants.
Expanded Trading Capabilities for OL/USDT
At 9:00 am UTC on November 22, 2024, OKX will officially launch USDT-margined perpetual futures contracts for OL. This will be followed by the activation of spot margin trading and Simple Earn services at 11:00 am UTC the same day. These updates will be available across all platforms — web, mobile app, and API — ensuring seamless integration regardless of how users interact with the exchange.
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Perpetual Futures: Key Features
Perpetual futures are a popular derivative instrument that allows traders to speculate on price movements without holding the underlying asset. For OL, this contract offers several compelling features:
- Underlying Index: OL/USDT
- Settlement Currency: USDT (Tether)
- Face Value: 10 OL per contract
- Price Quotation: Based on the USDT value of 1 OL
- Tick Size: 0.000001 USDT — enabling precise order placement
- Leverage Range: Adjustable from 0.01x to 50x, offering flexibility for conservative and aggressive strategies alike
One of the most critical aspects of perpetual contracts is the funding fee mechanism, which helps align futures prices with the spot market. For OLUSDT, the funding rate is calculated using the following formula:
Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), where Interest = 0
Funding fees are exchanged between long and short positions every 8 hours and are based on the prevailing market conditions. To protect traders during initial volatility, a temporary cap will apply:
Prior to 4:00 pm UTC on November 21, 2024, the maximum predicted funding fee will be limited to 0.03%. After that time, it reverts to the standard cap of ±1.5%. The first actual funding charge will occur at 12:00 am UTC on November 22, 2024.
Trading operates 24/7, allowing global users to react in real-time to market developments. Price limits follow standard OKX rules for USDT-margined perpetuals, maintaining consistency and predictability.
For full details on trading terms and risk parameters, users are encouraged to review the OKX Perpetual Futures Trading User Agreement.
Margin Trading and Yield Opportunities
In addition to derivatives, OKX is enabling deeper engagement with OL through two core financial services: margin trading and Simple Earn.
Spot Margin Trading: OL/USDT Pair
Starting at 11:00 am UTC, users can trade OL against USDT using borrowed funds — amplifying potential returns (and risks). The supported pair is:
- OL/USDT (Spot Margin)
Borrowing limits and risk tiers will be determined by OKX’s tiered margin system, which adjusts based on account equity and market conditions. Users should consult the official Margin Borrowing Position Tiers page after listing for updated collateral ratios and borrowing capacities.
Leveraged trading requires careful risk management. Beginners are advised to start with lower leverage and use stop-loss mechanisms effectively.
Grow Your Holdings with Simple Earn
OKX Simple Earn offers a straightforward way to earn passive income on idle crypto assets. Once activated for OL, users will be able to deposit their tokens and receive regular yields in return.
While exact APY rates and lock-up periods will be confirmed post-listing, historical data from similar listings suggests competitive returns driven by market demand for borrowing OL tokens — particularly from margin and derivatives traders.
For rule specifics, including redemption types (flexible or fixed-term) and eligibility criteria, refer to the Introduction to OKX Simple Earn and Its Rules after launch.
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Why This Listing Matters
The introduction of multiple financial products for OL reflects growing confidence in its utility and adoption. By supporting perpetual futures, OKX enables sophisticated price speculation and hedging. With margin trading, it empowers leveraged spot strategies. And through Simple Earn, it fosters capital efficiency by turning static holdings into income-generating assets.
Together, these services create a comprehensive ecosystem around OL — increasing liquidity, improving price discovery, and attracting a broader range of participants.
Frequently Asked Questions (FAQ)
Q: When will OL perpetual futures go live?
A: USDT-margined perpetual futures for OL will go live at 9:00 am UTC on November 22, 2024.
Q: What time does margin trading and Simple Earn for OL start?
A: Both services will become available at 11:00 am UTC on November 22, 2024.
Q: What is the maximum leverage available for OL perpetual futures?
A: Traders can use up to 50x leverage, adjustable according to risk preferences and account tier.
Q: How are funding fees calculated for OLUSDT contracts?
A: Funding fees are derived from the difference between the mark price and spot index, adjusted by an interest rate (set to zero), then clamped between -1.5% and +1.5%. During early launch phases, a reduced cap of 0.03% applies temporarily.
Q: Can I earn interest on my OL holdings?
A: Yes — once Simple Earn support goes live, you’ll be able to deposit OL and earn passive income based on current market yields.
Q: Is there a minimum deposit amount for Simple Earn?
A: Specific thresholds will be published after listing; however, most flexible products on OKX allow small initial deposits.
Final Thoughts
The addition of OL to OKX’s suite of financial products marks a significant milestone for the token’s visibility and usability. Whether you're a day trader leveraging futures contracts or a long-term holder looking to generate yield, the new offerings provide multiple avenues to engage with OL in a secure, regulated environment.
As always, due diligence is essential. Understand the risks involved in leveraged trading and ensure your strategies align with your financial goals.
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