OKX Announces Listing of ASP (ASPECTA) for Spot Trading

OKX has announced the listing of ASP (ASPECTA) on its spot trading markets. The listing timeline includes several key dates and procedures for traders to note. ASP deposits will open at 8:00 am UTC on July 18, 2025. A call auction for ASP will occur from 11:00 am to 12:00 pm UTC on July 24, 2025, with ASP/USDT spot trading commencing at 12:00 pm UTC on the same day. ASP withdrawals will be available starting at 12:00 pm UTC on July 25, 2025. More details can be found here.

Spot Market Opening Risk Control Rules

To mitigate market volatility during the initial phase of ASP trading, OKX will implement specific order limits. For the first five minutes after trading begins, market orders will not be allowed. The maximum amount per limit order is set at $10,000, and the maximum net position per user is also capped at $10,000. These restrictions will be lifted after the initial five minutes.

Price limit rules 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 be used. The platform reserves the right to adjust parameters or switch limit price calculation methods based on market conditions without prior notice.

Call Auction Mechanism

The ASP/USDT spot listing will utilize a call auction mechanism. This process allows users to submit buy and sell orders at desired prices before official trading begins. The call auction period will last for one hour, and the system will calculate an indicative opening price based on submitted orders.

To maintain market orderliness, each user’s buy orders during the call auction must not exceed $50,000. Additionally, during the last five minutes of the call auction, users can place orders but cannot cancel or modify them. Following the call auction, the project team’s opening price will be displayed as the initial price on the trading chart, serving informational purposes only.

Aspecta, the blockchain infrastructure behind ASP, facilitates intelligent attestation and price discovery for illiquid assets. It aims to unlock lifecycle liquidity for various asset types, including pre-TGE shares and private equities.

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