KEY TAKEAWAYS
- OKX will list HUMA (Human Finance) on its spot trading markets, with trading starting on May 26, 2025.
- To ensure market stability, OKX will implement trading restrictions, including a $10,000 cap on limit orders during the initial trading phase.
- The HUMA/USDT listing will use a call auction mechanism to determine the opening price, with specific rules to maintain orderliness.
- Huma Finance aims to facilitate global payment financing with instant liquidity, offering a total supply of 10 billion HUMA tokens.
OKX has announced the listing of HUMA (Human Finance) on its spot trading markets, with trading set to commence on May 26, 2025. The listing will follow a structured timeline to ensure a smooth introduction to the market.
Deposits for HUMA will open at 3:00 am UTC, followed by a call auction from 12:00 pm to 1:00 pm UTC. Spot trading for the HUMA/USDT pair will begin at 1:00 pm UTC, and withdrawals will be available from 3:00 pm UTC on the same day.
Trading Restrictions and Risk Control Measures
To mitigate market volatility during the initial phase of trading, OKX will implement specific restrictions. For the first five minutes after the start of spot trading, market orders will not be permitted. Additionally, the maximum amount per limit order and the maximum net position per user will be capped at $10,000. These restrictions will be lifted after the initial five-minute period.
Price limits will also be in place. In the absence of a stable index price, closing price-based limit rules will be applied. Once a stable index price is available, index-based limit rules will take effect. These measures are designed to maintain market stability and protect investors.
Call Auction Mechanism
The listing of HUMA/USDT will utilize a call auction mechanism, lasting for one hour. During this period, users can submit buy and sell orders at their preferred prices. The system will process these orders according to call auction rules and determine an indicative opening price.
To ensure an orderly market, the total value of each user’s buy orders during the call auction must not exceed $50,000. In the final five minutes of the auction, users can place orders but cannot cancel or modify them. The project team’s opening price will be displayed at the start of continuous trading for informational purposes.
About Huma Finance
Huma Finance is a PayFi network designed to facilitate the financing of global payments with instant access to liquidity. The asset name is Huma Finance, with the ticker HUMA and a total supply of 10 billion tokens. More details about the listing can be found here.
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