Popular cryptocurrency exchange OKX has announced the listing of two new altcoins, MOODENGUSDT and NEIROUSDT, as part of its ongoing effort to expand its perpetual contract offerings. This move opens up new opportunities for investors, providing them with more options to engage with various digital assets. Here’s everything you need to know.
OKX to List MOODENGUSDT Perpetual Contract
MOODENG, inspired by the famous baby hippo Moo Deng from Thailand, has become a widely recognized meme coin due to its animal-themed appeal. OKX will launch perpetual trading for MOODENGUSDT on October 3, 2024, at 6:00 PM (UK time). To ensure fair trading conditions, OKX will implement a temporary funding rate cap during the launch.
The initial funding rate will be limited to 0.03% until 8:00 AM on October 4, 2024, after which it will return to the standard rate of 1.50% by 12:00 PM. These measures are designed to protect investors and maintain fair trading conditions on the platform.
NEIROUSDT Perpetual Contract Also Set to Launch
In addition to MOODENG, NEIRO, another popular altcoin, will begin trading in perpetual contracts on the same day at 6:15 PM (UK time). Similar to the MOODENGUSDT contract, NEIROUSDT will follow the same trading rules and price limits as other perpetual contracts on the platform.
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These new listings signal OKX’s commitment to providing investors with more diverse digital assets to interact with, offering greater flexibility and opportunities in the cryptocurrency market.
Trading Rules and Limits for the New Altcoins
Both the MOODENGUSDT and NEIROUSDT perpetual contracts will adhere to OKX’s existing trading rules and price limits, ensuring that investors can trade these new assets under the same conditions as other perpetual contracts. This expansion reflects OKX’s strategic focus on growth, offering users more options to diversify their portfolios.
Final Thoughts on OKX’s Latest Listings
In summary, OKX’s decision to list MOODENG and NEIRO perpetual contracts broadens the investment opportunities available on the platform. These new digital assets provide users with the chance to further diversify their portfolios. As OKX continues to introduce more options, the platform solidifies its position as a leading exchange in the cryptocurrency market.
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