We're excited to announce that OKX will enable margin trading and Simple Earn features for five cryptocurrencies: MOODENG, NEIRO, CAT, EIGEN, and SCR. These services will become available between 7:00 am and 8:00 am UTC on November 19, 2024, across all platforms including web interface, mobile app, and API.
New Trading Pairs and Features
Spot Margin Trading Activation
The following trading pairs will support spot margin trading:
- MOODENG/USDT
- NEIRO/USDT
- CAT/USDT
- EIGEN/USDT
- SCR/USDT
👉 Learn more about margin trading strategies
Tiered Margin Levels
Margin requirements will follow OKX's tiered system. Traders should review the specific margin requirements for each asset after listing goes live.
Simple Earn Program
The Simple Earn feature will be available for these cryptocurrencies with specific participation limits. Users can earn passive income through flexible or fixed-term products.
Important Resources
For comprehensive details about these services, please refer to:
- Margin trading tiers and requirements
- Simple Earn participation rules and limits
👉 Master crypto earning strategies with Simple Earn
Risk Management Considerations
Cryptocurrency trading involves significant risk due to market volatility. Before participating in margin trading or Simple Earn, consider:
- Market volatility: Prices can fluctuate rapidly
- Liquidity risks: Some assets may become illiquid
- Margin requirements: Understand maintenance margins
- Investment horizon: Align with your financial goals
Frequently Asked Questions
Q: What time exactly will these features go live?
A: The activation window is between 7:00 am and 8:00 am UTC on November 19, 2024.
Q: Will these features be available worldwide?
A: Availability depends on local regulations. Some jurisdictions may have restrictions.
Q: How can I check the margin requirements for these pairs?
A: The tiered margin levels will be visible in your OKX account after listing.
Q: What's the minimum amount for Simple Earn participation?
A: Minimums vary by cryptocurrency. Check the platform after launch for specifics.
Q: Can I use both margin trading and Simple Earn simultaneously?
A: No, you must choose either margin trading or Simple Earn for a given asset position.
Support and Community Engagement
For additional questions or assistance:
- Visit the OKX Support Center
- Engage with the OKX community
- Review the official Terms of Service
The OKX team remains committed to providing secure, innovative trading solutions while prioritizing user education and risk awareness. Always conduct thorough research and assess your risk tolerance before engaging in cryptocurrency trading activities.