OKX Announces IRYS/USDT Spot Listing for Irys
According to OKX, IRYS spot and perpetual futures support will launch on May 27, 2026, while separate USDT-margined stock perpetual futures for AMAT, DELL, and VRT follow on May 28 across web, app, and API.
OKX announced expanded derivatives and spot listings across two separate product groups. For Irys, the exchange said IRYS/USDT perpetual futures will open on May 27, 2026 at 11:15 UTC alongside previously announced IRYS/USDT spot market support, with 0.01x to 20x leverage, a face value of 100, 24/7 trading, and funding fee settlement every four hours that can shift to hourly if the rate hits the cap or floor. OKX described Irys as an AI-focused Layer-1 data chain combining a low-cost storage layer with an EVM-compatible execution layer called IrysVM. In a newer notice, OKX also said it will launch USDT-margined stock perpetual futures for AMAT, DELL, and VRT on May 28, 2026 in stages from 09:00 to 09:30 UTC, with 24/7 trading and funding fees generally settled every eight hours under the same capped funding-rate formula.
- Perpetual futures: A derivatives contract with no expiry date that can provide long or short exposure, with recurring funding payments helping align the contract price with its reference market.
- USDT-margined: A contract structure in which margin, settlement, and profit and loss are denominated in USDT.
- Layer-1: A base blockchain network that runs its own consensus and processes transactions directly on its protocol.