New MOVR/USDT Perpetual Contract Launch
OKX has expanded its derivatives offerings with the introduction of a MOVR/USDT perpetual contract, available across web, mobile app, and API interfaces as of January 9, 2024 (4:00 PM UTC+8). Additionally, leveraged trading and simplified staking for MOVR/USDT pairs went live 30 minutes prior to the contract launch.
Key Features:
- Up to 50x leverage
- Competitive funding rates
- Deep liquidity across order books
👉 Explore MOVR trading strategies
Snowball Product Promotion for New Users
From January 8–19, 2024, OKX hosted an exclusive campaign for first-time users of Snowball structured products. Participants completing designated tasks became eligible for tiered rewards:
| Task | Requirement | Reward |
|------|-------------|--------|
| 1 | Initial Snowball product purchase | Variable prizes |
Note: Limited to users with no prior Snowball investment history.
JTO and BONK Token Listings
The platform added support for two Solana ecosystem tokens:
- Jito (JTO): A liquid staking protocol enabling SOL holders to earn JitoSOL rewards plus MEV benefits.
- Bonk (BONK): A community-focused meme coin gaining traction in decentralized applications.
Listing Schedule:
- Spot trading: January 8, 2024
- Deposit/withdrawal times: Announced via official channels
Index Composition Updates
On January 5, OKX recalibrated several benchmark indices to improve market stability:
| Index | Changes |
|-------|---------|
| CryptoTop10 | Adjusted exchange weightings |
| DeFi Index | Added 3 new protocol tokens |
These modifications enhance price accuracy for futures and perpetual contracts.
Token Pair Review & Delistings
Following quarterly risk assessments, OKX removed or restricted 12 trading pairs exhibiting:
- Low liquidity
- Abnormal price volatility
- User-reported security concerns
Affected users received advance notifications via email and app alerts.
WEMIX3.0 Network Integration
OKX Web3 Wallet became the first major provider to support WEMIX3.0 mainnet, enabling:
- Native asset management
- Cross-chain swaps
- DApp interactions
This strategic partnership accelerates multi-chain interoperability for gaming and enterprise blockchain solutions.
Trade Quantity Rule Adjustments
Effective January 11, 2024, revised minimum order sizes apply to 18 spot pairs, including:
- BTC/USDC (new min: 0.0005 BTC)
- ETH/USDT (new min: 0.005 ETH)
Leverage accounts automatically adopted these thresholds for margin trading.
FAQ
Q: How do I participate in future Snowball promotions?
A: Monitor the OKX "Rewards" section for ongoing campaigns. Eligibility typically requires holding specific assets or completing KYC.
Q: What makes Jito Network unique?
A: Unlike basic staking protocols, Jito distributes maximum extractable value (MEV) profits alongside standard staking yields—a first for Solana ecosystems.
Q: Why did OKX delist certain tokens?
A: Regular delistings maintain platform integrity by removing high-risk or inactive projects, protecting users from potential scams or illiquid markets.