OKX to List Perpetual Futures for SKY Crypto
Introduction
OKX is set to expand its offerings in the cryptocurrency derivatives market by launching USDT-margined perpetual futures for SKY. This announcement is a significant development, as it allows traders and investors to speculate on the price movements of SKY against USDT without the need to own the underlying asset.
Listing Schedule
The perpetual futures trading for SKY/USDT is scheduled to go live on September 11, 2025, at 11:30 AM UTC. This trading option will be available through both the web and mobile applications, as well as via API.
Key Details of the Listing
| Feature | Details |
|—————————-|——————————————————————————————————————-|
| Underlying | SKY/USDT index |
| Settlement Crypto | USDT |
| Face Value | 100 |
| Price Quotation | 1 SKY value calculated in USDT equivalent |
| Tick Size | 0.00001 |
| Leverage | 0.01-50x |
| Funding Rate | Estimated via average premium index and interest rates. For details, refer to the product documentation.|
| Funding Fee Settlement | Interval of 4 hours |
| Trading Hours | 24/7 |
Perpetual Futures Trading
Perpetual futures allow for the possibility of holding positions indefinitely, which can be advantageous for traders looking to capitalize on both short-term and long-term price movements.
Price Limit Rules
The price limit rules for SKY USDT-margined perpetual futures will follow the same guidelines set forth for other perpetual futures on the OKX platform. This offers users familiarity and consistency across different trading pairs. For more detailed insights, traders can reference the perpetual futures trading guides.
Advantages of Trading Perpetual Futures
- High Leverage Options: Traders can take advantage of leverage up to 50x, enabling them to amplify their potential gains.
- 24/7 Trading: Unlike traditional markets, perpetual futures on OKX allow for continuous trading,
providing opportunities even outside standard market hours. - Settlement Flexibility: The use of USDT for settlement offers stability amidst the volatility typically seen in cryptocurrency markets.
Conclusion
The introduction of SKY perpetual futures on OKX marks a noteworthy advancement in the accessibility and trading possibilities for investors interested in the dynamic crypto market. As this listing approaches, traders are encouraged to review the specifications and prepare for an exciting opportunity to engage with the SKY token on a new level.