OKX to Launch Pre-Market Futures for Babylon (BABY) on April 3, 2025

OKX has announced the introduction of USDT-margined pre-market futures for Babylon (BABY), set to be enabled at 5:30 am UTC on April 3, 2025. This update will be available across the web, app interfaces, and API, as detailed here.

The Babylon Bitcoin staking protocol aims to connect Bitcoin Secured Networks with bitcoin holders, offering direct access to a significant community within the cryptocurrency space. The asset, known as Babylon, will trade under the ticker BABY.

Understanding OKX Pre-Market Futures

OKX Pre-market Futures provides a platform for trading expiry futures on cryptocurrencies that have not yet been officially listed. These futures are USDT-margined and typically delivered before the cryptocurrency is listed on the spot market. This feature is designed to facilitate price discovery for new cryptocurrencies in a secure and reliable environment.

The BABY/USDT index will serve as the underlying for these futures, with a face value of 100 BABY. The price will be quoted based on the USDT price of one BABY, with a tick size of 0.00001. Traders can leverage between 0.01x and 5x, and trading will be available 24/7. The specific delivery date for these futures will be announced separately, as they are usually delivered after the cryptocurrency is listed on the spot market.

Position Limits and Trading Considerations

OKX has established tiered position limits for trading BABY pre-market futures. These limits range from a maximum of 500 contracts in Tier 1 to 50,000 contracts for USDT-margined futures DMM users. Non-USDT-margined futures DMM users have a position limit of 4,000 contracts.

Traders are advised to top up their USDT balances in preparation for BABY/USDT pre-market trading. However, they should be aware that the crypto project team has not confirmed the issuance plan, and the total supply remains uncertain. Market price fluctuations may occur due to changes in issuance volume.

It is important to note that prices in the pre-market futures are determined by market behavior and may not reflect the actual listing price of the new cryptocurrency. Additionally, the pre-market futures do not guarantee that the cryptocurrency will eventually be listed on the spot market. OKX reserves the right to suspend trading in pre-market conditions at its discretion.

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