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OKX to Launch ENA and PENDLE USDT-Margined Perpetual Futures on September 17

ENA/USDT futures will begin trading at 7:30 UTC, followed by PENDLE/USDT at 8:00 UTC, with up to 50x leverage and 24/7 availability.

USDT
ENA
PENDLE

Summary

OKX announced the launch of USDT-margined perpetual futures for ENA and PENDLE, effective September 17, 2025. ENA/USDT trading will start at 7:30 UTC and PENDLE/USDT at 8:00 UTC. Both contracts settle in USDT, feature leverage from 0.01x to 50x, and operate around the clock. ENA contracts have a face value of 10 units and a tick size of 0.0001, while PENDLE contracts have a face value of 1 unit and a tick size of 0.001. Funding fees are settled every four hours, with rates clamped within ±1.50%.

Terms & Concepts
  • USDT-Margined Perpetual Futures: A type of futures contract where profits and losses are settled in Tether (USDT) without an expiration date.
  • Leverage: The ability to control a larger position size in trading by using borrowed funds, expressed as a multiple of the trader's own capital.
  • Funding Rate: A periodic payment exchanged between buyers and sellers in perpetual futures contracts to keep prices aligned with the spot market.