OKX to Launch Pre-Market Perpetual Futures for Plasma (XPL) on August 28, 2025

OKX has announced the introduction of USDT-margined pre-market perpetual futures for Plasma (XPL), set to be enabled at 11:00 am UTC on August 28, 2025. This update will be available across web, app interfaces, and API, providing traders with new opportunities in the cryptocurrency market.

Plasma is a Layer 1 blockchain specifically designed for stablecoins, emphasizing high performance, scalability, and security. The asset, identified by the ticker XPL, is now accessible for pre-market futures trading on OKX. Interested parties can check the current price of Plasma here.

Understanding OKX Pre-Market Futures

OKX Pre-market Futures allows users to trade perpetual futures on 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 is designed to offer a secure platform for price discovery of new digital assets.

The XPL/USDT index serves as the underlying for these contracts, with a face value of 10 XPL. The price is quoted based on the USDT price of one XPL, with a tick size of 0.0001. Traders can leverage between 0.01x to 20x, with a fixed daily funding rate of 0.03% and funding fee settlements occurring every four hours. Trading is 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 Plasma, and the total supply remains uncertain. This uncertainty may lead to market price fluctuations. Users are advised to stay informed about market conditions, exercise risk control, and trade cautiously.

Prices in the pre-market futures are determined by market behavior and may not accurately 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. For specific listing details, users should refer to OKX announcements.

OKX reserves the right to suspend pre-market trading at any time at its sole discretion. For more information, users can refer to the official announcement.

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