OKX Announces Listing of Yield Basis (YB) and Conversion of Futures

OKX has announced the listing of Yield Basis (YB) on its spot trading markets, alongside the conversion of pre-market futures to standard perpetual futures for the YB cryptocurrency. The announcement was made here.

The listing timeline for YB begins with deposits opening at 1:30 pm UTC on October 14, 2025. A call auction is scheduled from 10:00 am to 11:00 am UTC on October 15, 2025, with YB/USDT spot trading commencing immediately afterward at 11:00 am UTC. Withdrawals for YB will be available from 2:00 pm UTC on the same day.

Spot Market Trading and Risk Controls

To manage market volatility during the initial phase of trading, OKX will implement specific risk control measures. For the first five minutes after the start of spot trading, market orders will be prohibited, and the maximum amount per limit order will be capped at $10,000. Additionally, the maximum net position per user is set at $10,000. These restrictions will be lifted after the initial five-minute period.

Price limit rules will be applied based on the availability of a stable index price. Initially, closing price-based limits will be used, transitioning to index-based limits once a stable index price is established. OKX reserves the right to adjust parameters or switch limit price calculation methods based on market conditions without prior notice.

Conversion to Standard Perpetual Futures

YB pre-market futures will be converted to standard perpetual futures starting at 11:00 am UTC on October 15, 2025. This conversion process is expected to be completed within three hours, contingent upon the stability of the index during this period. The conversion will be applicable across web, app, and API interfaces.

The standard perpetual futures for YB will feature a YB/USDT index as the underlying asset, with USDT as the settlement cryptocurrency. The futures will offer leverage ranging from 0.01x to 50x, with a funding interval of four hours and 24/7 trading hours. Position limits will be tiered, with adjustments possible based on liquidity and market conditions.

Yield Basis is a decentralized finance (DeFi) protocol designed to transform cryptocurrencies into productive assets through an innovative Automatic Market Making mechanism that avoids impermanent loss. The YB token is based on the Ethereum blockchain, with the contract address 0x01791F726B4103694969820be083196cC7c045fF.

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.