OKX Launches USD Contract Trading Zone with SOLUSD Perpetual Contract

OKX introduces a USD contract trading zone supporting settlement in USDC or USDG, with SOLUSD UM live and BTCUSD, ETHUSD contracts forthcoming, enhancing market liquidity and trading flexibility.

BTC
USDC
USDG

Summary

According to OKX’s official announcement, the exchange has launched its USD contract trading zone, allowing settlements in either USDC or USDG to combine liquidity among users. The first SOLUSD UM perpetual contract is now active, while BTCUSD UM and ETHUSD UM contracts are planned for upcoming release. OKX also updated its BTC coin-margined contracts’ user interface to BTCUSD CM, noting that API operations remain unaffected.

Terms & Concepts
  • Perpetual Contract: A type of futures contract in cryptocurrency trading with no expiration date, allowing traders to hold positions indefinitely.
  • Coin-Margined Contract: A futures contract where the margin and settlement are conducted in the cryptocurrency itself instead of a stablecoin or fiat currency.
  • USDC: A U.S. dollar-pegged stablecoin used for settlement and trading in cryptocurrency markets.