The cryptocurrency landscape continues to evolve with innovative financial instruments that empower traders and investors. OKX, a leading digital asset platform, has expanded its product suite with the introduction of ZKJ trading pairs across multiple advanced services. On December 6, 2024, ZKJ became available for perpetual contract trading, leveraged spot trading, and simple earn products—offering users diverse opportunities to engage with this emerging asset.
This update marks a significant milestone for both ZKJ and OKX’s growing ecosystem, enabling traders to leverage their positions, earn passive income, and speculate on price movements with flexible tools. Below is a detailed breakdown of the new offerings and what they mean for users.
Leveraged Spot Trading and Simple Earn for ZKJ
Starting at 6:00 PM (UTC+8) on December 6, 2024, OKX enabled leveraged trading for ZKJ against USDT. This allows users to borrow funds to increase their trading positions, amplifying potential returns—while also increasing risk exposure.
Key Features of ZKJ Leveraged Trading
- Available Pair: ZKJ/USDT
- Leverage Support: Users can trade with borrowed capital, subject to margin requirements.
- Tiered Margin System: Risk is managed through a tiered borrowing structure based on position size. The specific tiers and borrowing limits are dynamically adjusted and can be viewed in real-time within the platform under the Margin Position Tier Guidelines.
👉 Discover how leveraged trading can enhance your strategy with flexible margin options.
To ensure stability and risk control, OKX implements a gradient-based margin system. This means larger positions require higher collateral ratios and are subject to stricter liquidation thresholds. Traders are encouraged to review the full margin rules before initiating large-scale trades.
Additionally, the Simple Earn feature for ZKJ went live at the same time. This service enables users to deposit their idle ZKJ tokens and earn interest over time—ideal for long-term holders who want to maximize asset utilization without active trading.
Interest rates for Simple Earn are determined by market demand and liquidity conditions, and allocations may be limited based on availability. For complete details on eligibility, lock-up periods, and yield calculations, users should refer to the official OKX Savings Rules documentation accessible via the platform.
ZKJUSDT Perpetual Contract Launch
At 5:00 PM (UTC+8) on December 6, 2024, OKX launched the ZKJUSDT perpetual contract, providing traders with a powerful tool for directional bets and hedging strategies. Unlike traditional futures, perpetual contracts have no expiration date, allowing open positions to be held indefinitely—provided margin requirements are met.
Contract Specifications
- Underlying Index: ZKJ/USDT
- Settlement Currency: USDT
- Contract Value: 1 ZKJ per contract
- Price Quotation: Based on the USDT price of 1 ZKJ
- Minimum Price Increment (Tick Size): 0.0001 USDT
- Trading Hours: 24/7
- Maximum Leverage: Up to 50x
Funding Rate Mechanism:
$$ \text{Funding Rate} = \text{Clamp}\left(MA\left[\frac{(\text{Bid Price} + \text{Ask Price}) / 2 - \text{Spot Index}}{\text{Spot Index}}\right] - \text{Interest}, -1.5\%, 1.5\%\right) $$
Where Interest = 0%. Funding payments occur every 8 hours.
Special Funding Rate Limit During Initial Phase
To stabilize the market during early adoption, OKX implemented a temporary cap on funding rates:
- From launch until December 7, 2024, 00:00 (UTC+8), the maximum funding rate was capped at 0.03%.
- Starting December 7, 2024, 00:00 (UTC+8), the cap reverted to the standard 1.5%.
- The first actual funding payment occurred at 8:00 AM (UTC+8) on December 7.
This adjustment prevents excessive volatility in funding costs during the initial phase when order books may be thin and price discrepancies more pronounced.
All other trading rules—including limit order parameters, fees, insurance mechanisms, and liquidation procedures—align with existing USDT-margined perpetual contracts on OKX. For full transparency, traders can access the complete terms in the Perpetual Swap Trading User Agreement.
Why These Launches Matter
The integration of ZKJ into OKX’s leveraged and derivative products signals growing confidence in its market viability and user demand. Perpetual contracts and margin trading attract sophisticated traders seeking short-term gains or hedging tools, while Simple Earn appeals to passive investors looking to optimize returns.
Together, these features create a comprehensive ecosystem around ZKJ, enhancing liquidity and accessibility across different risk profiles.
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Moreover, launching multiple services simultaneously ensures a synchronized market environment—reducing arbitrage opportunities between spot and derivatives markets and promoting fair pricing.
Frequently Asked Questions (FAQ)
Q: What time did ZKJ perpetual contracts go live?
A: The ZKJUSDT perpetual contract launched at 5:00 PM (UTC+8) on December 6, 2024, available on web, mobile app, and API.
Q: Can I use leverage when trading ZKJ on spot?
A: Yes. Leveraged spot trading for ZKJ/USDT became available at 6:00 PM (UTC+8) on December 6, allowing users to borrow assets to increase position size.
Q: How does the Simple Earn program work for ZKJ?
A: Users can deposit their ZKJ tokens into the Simple Earn product and earn interest based on current market yields. Funds may be locked for a set period depending on the chosen plan.
Q: Is there a limit to how much leverage I can use on ZKJUSDT?
A: Maximum leverage is up to 50x, but actual available leverage depends on your position size and tiered margin requirements.
Q: Why was the funding rate capped initially?
A: To prevent extreme funding fees due to potential price volatility and low liquidity in the early stages, OKX temporarily limited the rate to 0.03% before restoring it to the normal cap of 1.5%.
Q: Where can I find detailed margin tier rules?
A: Full details are available in the Margin Position Tier section of the OKX platform.
Final Thoughts
The addition of ZKJ across OKX’s leveraged trading, perpetual contracts, and yield-generating platforms reflects a strategic move toward deeper asset integration and enhanced user flexibility. Whether you're an active trader using high-leverage perpetuals or a conservative investor earning yield through Simple Earn, these tools provide meaningful ways to interact with ZKJ.
As always, proper risk management is essential—especially when using leverage or holding positions subject to funding fees.
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OKX remains committed to delivering cutting-edge financial products that meet evolving market needs. Stay informed, trade responsibly, and take full advantage of the opportunities presented by this latest upgrade.