OKX Announces Listing of BARD (Lombard) on Spot Trading Markets

OKX has announced the upcoming listing of BARD (Lombard) on its spot trading markets. The listing process will begin with BARD deposits opening at 12:00 am UTC on September 15, 2025. The call auction for BARD will take place from 10:00 am to 11:00 am UTC on September 18, 2025, followed by the commencement of BARD/USDT spot trading at 11:00 am UTC on the same day. Withdrawals for BARD will be available starting at 2:00 pm UTC on September 18, 2025.

To ensure a smooth trading experience, OKX has implemented specific risk control rules for the initial phase of the BARD listing. During the first five minutes after spot trading begins, market orders will not be allowed, and the maximum amount per limit order and net position per user will be capped at $10,000. These restrictions will be lifted after the initial five-minute period.

OKX will also apply price limit rules to manage volatility. Initially, closing price-based limit rules will be used until a stable index price is available. Once established, index-based limit rules will be applied. The platform reserves the right to adjust parameters or switch limit price calculation methods based on market conditions without prior notice. For more details, visit the OKX help page.

Call Auction Mechanism and Trading Parameters

The call auction mechanism will be employed for the BARD/USDT spot listing. This mechanism allows users to submit buy and sell orders at desired prices before the trading pair officially begins trading. The call auction will last for one hour, and during this period, the total value of each user’s buy orders must not exceed $50,000. In the final five minutes of the call auction, users can place orders but cannot cancel or modify them.

Following the call auction, OKX will display the project team’s opening price as the initial price on the trading chart. This price is provided by the token project team and is based on the project’s valuation. It is displayed for informational purposes only and does not influence the execution prices of orders.

About Lombard and BARD Token

Lombard is a decentralized finance (DeFi) initiative focused on enhancing Bitcoin’s utility through LBTC, a liquid staked Bitcoin token. This token enables yield earning and participation in DeFi activities. The asset name is Lombard, with the ticker BARD, and it operates on the Ethereum chain with the contract address 0xf0DB65D17e30a966C2ae6A21f6BBA71cea6e9754. For more information on Lombard’s price, visit the OKX price page.

Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.