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OKX to Launch XAGUSDT Perpetual Contracts with 20x Leverage

OKX will roll out silver-pegged XAGUSDT perpetual contracts on January 28, 2026, offering up to 20x leverage across web, mobile, and API platforms.

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Summary

In an official announcement, OKX confirmed the launch of XAGUSDT perpetual contracts on January 28, 2026, at 20:00 Beijing time. The silver-backed trading pair will be accessible via the exchange’s web, app, and API, supporting leverage of up to 20x. This addition to OKX’s derivatives portfolio enables cryptocurrency traders to gain leveraged exposure to silver markets without contract expiry.

Terms & Concepts
  • Perpetual Contract: A type of futures contract without an expiration date, allowing continuous trading and often used in cryptocurrency derivatives.
  • XAG: The international currency code for one troy ounce of silver, used in global commodities markets.
  • Leverage: A financial tool allowing traders to control a larger position than their capital would normally permit, amplifying potential gains and losses.