We're excited to announce that starting at 06:00 UTC on September 5, 2024, CATI futures will become available for premarket trading with USDT margin. This update applies to web services, applications, and APIs. Here's what you need to know:
Premarket Futures Trading
OKX's premarket futures allow traders to engage with derivative contracts before official listing. These USDT-margined futures typically settle within 3 hours after the new cryptocurrency's spot market listing. This innovative feature provides a secure environment for price discovery of emerging digital assets.
👉 Discover how premarket futures work
Premarket Futures Contract Specifications
| Feature | Details |
|---|---|
| Underlying Asset | CATI/USDT Index (based on contract's last price) |
| Settlement Currency | USDT |
| Contract Size | 10 CATI |
| Price Quote | 1 CATI in USDT |
| Tick Size | 0.0001 |
| Leverage | 0.01-2x |
| Trading Hours | 24/7 |
| Contract Type | Perpetual Futures |
| Settlement Timing | Typically occurs after spot market listing (exact date announced later) |
Position Limits
Tier-Based Limits
| Tier | Max Open Positions | MMR | IMR | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 15% | 50% | 2x |
| 2 | 2,000 | 18% | 50% | 2x |
| ... | ... | ... | ... | ... |
| 12 | 20,000 | 28% | 100% | 1x |
User Category Limits
| User Type | Position Limit |
|---|---|
| USDT-Margined Futures DMM | 20,000 |
| Non-USDT-Margined Futures DMM | 2,000 |
About CATI Token
Catizen represents a groundbreaking Telegram gaming bot bridging Web2 and Web3 through the TON blockchain. Its ecosystem combines gamification with practical Web3 applications, including:
- Launchpool integration
- Short video platforms
- E-commerce capabilities
Token Details:
Asset: Catizen
Ticker: CATI
👉 Explore Web3 innovation with Catizen
Risk Considerations
- Unconfirmed Emission Plan: Project teams may alter token emission volumes, potentially impacting market prices.
- Price Divergence: Premarket futures prices may differ from eventual listing prices.
- Listing Uncertainty: Premarket availability doesn't guarantee eventual spot listing.
OKX reserves the right to suspend premarket trading at any discretion. Always trade responsibly.
FAQ
Q: How long do premarket futures typically trade before settlement?
A: Usually 3 hours post-spot listing, but exact timing varies by asset.
Q: Can I use leverage for premarket futures?
A: Yes, with limits between 0.01-2x depending on your tier level.
Q: What happens if a token doesn't get spot listed?
A: Contracts will settle based on OKX's announced methodology.
Q: How is the CATI/USDT index calculated?
A: It reflects the perpetual contract's last traded price.
Q: Are there trading fees for premarket futures?
A: Standard fee structures apply - check OKX's fee schedule.
Q: Can I withdraw premarket futures positions to spot?
A: No, these are derivative products settled in USDT.