OKX Announces Listing of WalletConnect (WCT) for Spot Trading

OKX has announced the listing of WalletConnect (WCT) on its spot trading markets. The listing will follow a structured timeline, beginning with a call auction for the WCT/USDT trading pair. This auction is scheduled to take place from 10:00 am to 11:00 am UTC on April 15, 2025. Following the auction, spot trading for WCT/USDT will commence at 11:00 am UTC on the same day. Withdrawals for WCT will be available starting at 11:00 am UTC on April 16, 2025.

To ensure market stability during the initial phase of trading, OKX will implement specific risk control measures. For the first five minutes after trading begins, market orders will not be allowed. 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 Limit Rules and Call Auction Details

OKX has outlined price limit rules to manage volatility for newly listed cryptocurrencies. When a stable index price is unavailable, closing price-based limit rules will be applied. These rules will transition to index-based limits once a stable index price is established. The platform reserves the right to adjust parameters such as N, H, X, Y, and Z based on market conditions without prior notice.

The call auction mechanism will be utilized for the WCT/USDT listing. During the one-hour call auction period, users can submit buy and sell orders at desired prices. The system processes these orders to calculate an indicative opening price. To maintain an orderly market, the total value of each user’s buy orders during the call auction cannot exceed $50,000. In the last five minutes of the auction, users can place orders but cannot cancel or modify them.

About WalletConnect and Trading Preparations

WalletConnect (WCT) is a digital asset designed to enhance user experience innovation and expand the ecosystem towards a decentralized future. The asset has a total supply of 1,000,000,000 tokens. Interested traders can check the current price of WalletConnect here.

To prepare for the WCT/USDT spot trading, users are encouraged to deposit USDT into their OKX accounts. For more detailed information on the listing and trading rules, users can visit the official OKX announcement here.

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