KEY TAKEAWAYS
- OKX introduces USDT-margined pre-market futures for the PUMP token, available from July 11, 2025.
- Pre-market futures allow trading of cryptocurrencies not yet listed on the spot market, offering leverage up to 5x.
- Traders should prepare for potential market fluctuations due to the unconfirmed issuance plan and total supply of PUMP.
- OKX reserves the right to suspend pre-market trading, emphasizing the speculative nature of these futures.
OKX has announced the introduction of USDT-margined pre-market futures for the PUMP token, set to be enabled at 4:00 am UTC on July 11, 2025. This update will be accessible across web and app interfaces, as well as via API. The announcement was made here.
Pump.Fun, the platform behind the PUMP token, facilitates token creation and trading. The PUMP token serves as the official currency of the platform. Interested users can check the current price of PUMP on the OKX website.
Understanding OKX Pre-Market Futures
OKX Pre-market Futures allows traders to engage in expiry futures for cryptocurrencies that have not yet been officially listed on the spot market. These futures are USDT-margined and typically delivered before the new cryptocurrency is listed. This feature aims to provide a secure and reliable environment for price discovery of emerging cryptocurrencies.
The pre-market futures contract for PUMP will be based on the PUMP/USDT index, with a face value of 1000 PUMP. The contract will offer leverage ranging from 0.01 to 5x and will be available for trading 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.
Trading and Risk Considerations
OKX has outlined tiered position limits and user-specific position limits for trading these futures. The maximum open positions and leverage vary across different tiers, with specific limits for USDT-margined futures DMM users and non-DMM users.
Traders are advised to top up their USDT balances in preparation for PUMP/USDT pre-market trading. However, it is important to note that the crypto project team has not confirmed the issuance plan for PUMP, and the total supply remains uncertain. This uncertainty may lead to market price fluctuations, and users are encouraged to exercise caution and stay informed about market conditions.
OKX has also highlighted that pre-market futures prices are determined by market behavior and may not accurately reflect the actual listing price of the new cryptocurrency. Furthermore, 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.
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