KEY TAKEAWAYS
- OKX is launching USDT-margined pre-market perpetual futures for LINEA, available from September 1, 2025.
- Linea is a zkEVM Ethereum Layer 2 network, offering scalable and low-cost transactions.
- Pre-market futures allow trading of cryptocurrencies not yet listed, with LINEA/USDT as the underlying index.
- Traders should be cautious due to the uncertainty in LINEA’s issuance plan and potential market price fluctuations.
OKX has announced the launch of USDT-margined pre-market perpetual futures for LINEA, set to be enabled at 2:00 pm UTC on September 1, 2025. This update will be accessible across web, app interfaces, and API, providing users with a new avenue for trading.
Linea is a zero-knowledge Ethereum Layer 2 (zkEVM) network designed to facilitate scalable and low-cost transactions while maintaining security. The asset, identified by the ticker LINEA, will be available for pre-market futures trading on OKX.
Understanding OKX Pre-Market Futures
OKX Pre-market Futures allows traders to engage in perpetual futures for cryptocurrencies that have not yet been officially listed. These futures are USDT-margined and typically transition to standard perpetual futures once the cryptocurrency is listed on the spot market. This feature aims to offer a secure platform for price discovery of new digital assets.
The LINEA/USDT index will serve as the underlying for these futures, with a face value of 100 LINEA. The price quotation will be based on the USDT price of 1 LINEA, and traders can leverage between 0.01x and 20x. The funding rate is fixed at a daily rate of 0.03%, with settlements occurring every four hours. Trading will be available 24/7.
Risk Considerations and Trading Details
It is important to note that the crypto project team has not confirmed the issuance plan for LINEA, and the total supply remains uncertain. This uncertainty may lead to market price fluctuations. Traders are advised to stay informed about market conditions and exercise caution.
Prices in the pre-market futures are determined by market behavior and may not accurately reflect the actual listing price. Additionally, there is no guarantee that the cryptocurrency will eventually be listed on the spot market. OKX reserves the right to suspend pre-market trading at its discretion.
For more details, refer to the official announcement here.
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