OKX to List Ethena (ENA) for Spot Trading on September 17, 2025

OKX has announced the listing of Ethena (ENA) on its spot trading markets, with trading set to commence on September 17, 2025. The listing will follow a structured timeline to ensure a smooth transition into the market.

Deposits for ENA will open at 3:00 am UTC, followed by a pre-open session from 6:00 am to 7:00 am UTC. The ENA/USDT spot trading will officially begin at 7:00 am UTC, and withdrawals will be available starting at 10:00 am UTC on the same day.

Trading Rules and Risk Controls

To mitigate market volatility during the initial phase of trading, OKX will implement specific order and price limit rules. For the first five minutes after trading begins, the maximum amount per limit order will be capped at $10,000. These restrictions will be lifted after this period.

During the pre-open session and continuous trading, index-based limit rules will apply. These rules are designed to maintain market stability by setting maximum bid and minimum ask prices based on the index. OKX reserves the right to adjust these parameters or change the limit price calculation methods based on market conditions without prior notice.

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

Understanding the Pre-open Session

The pre-open session is a mechanism that allows traders to submit buy and sell orders before continuous trading begins. This session lasts for one hour, during which orders can be placed around the index price, subject to specific price limits.

At the end of the pre-open session, invalid orders are canceled based on the final index price. Orders that remain valid will be carried over into the order book once live trading starts. This mechanism is designed to provide a fair and orderly market opening.

Ethena (ENA) serves as the governance token for the Ethena protocol, a synthetic dollar platform built on Ethereum. This protocol aims to offer a crypto-native solution for digital currency management.

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