OKX Announces Listing of Babylon (BABY) for Spot Trading

OKX has announced the listing of Babylon (BABY) on its spot trading markets. The listing will follow a structured timeline, beginning with the opening of BABY deposits at 12:00 pm UTC on April 9, 2025. A call auction for BABY will take place from 9:15 am to 10:15 am UTC on April 10, 2025, with BABY/USDT spot trading commencing at 10:15 am UTC the same day. Withdrawals for BABY will be available starting at 10:00 am UTC on April 11, 2025.

To ensure market stability during the initial phase of trading, OKX will implement specific risk control measures. For the first five minutes after the start of spot trading, market orders will be prohibited, and the maximum amount per limit order will be capped at $10,000. Additionally, the maximum net position per user is set at $10,000. These restrictions will be lifted five minutes after trading begins.

OKX will also apply price limit rules to manage volatility. Initially, closing price-based limits will be used until a stable index price is established, after which index-based limits will be applied. The platform reserves the right to adjust parameters or switch limit price calculation methods based on market conditions without prior notice.

Call Auction Mechanism and Pre-Market Futures

The listing of BABY/USDT will utilize a call auction mechanism, allowing users to submit buy and sell orders at desired prices before trading officially begins. During the call auction, a limit on the total size of orders is set at 50,000 USDT. In the final five minutes of the auction, order modifications or cancellations are not permitted. The project team’s opening price will be displayed at the start of continuous trading for informational purposes.

OKX will also deliver pre-market futures contracts for BABY three hours after the crypto is listed on the spot market. The delivery price will be calculated based on the arithmetic average price of the OKX index price one hour prior to delivery. Restrictions will apply to users holding positions greater than 10,000 USD in BABYUSDT futures contracts within the first 30 minutes after delivery.

For more details on the listing and trading rules, visit the official announcement here.

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