OKX to Launch PIGGYUSDT Perpetual Contracts on October 29, 2025
According to the company’s official announcement, OKX will introduce LABUSDT perpetual contracts, expanding its USDT-margined derivatives portfolio across web, mobile, and API trading platforms.
USDT
Summary
In an official statement, OKX confirmed it will launch LABUSDT perpetual contracts on November 1, 2025, at 20:00 UTC+8. The contract will be USDT-margined and available on OKX’s web, mobile, and API platforms. Perpetual contracts offer traders the flexibility to hold positions indefinitely without an expiry date.
Terms & Concepts
- Perpetual Contract: A type of futures contract with no expiration date, allowing traders to hold positions indefinitely while paying or receiving funding fees.
- USDT (Tether): A stablecoin pegged to the US dollar, commonly used as a trading pair in crypto markets.