We’re excited to announce that CELO and GALA margin trading and savings will go live at 10:00 am UTC on September 24. Simultaneously, USDT-margined perpetual swaps for these tokens will be listed.
This update applies to web, app, and API interfaces. Below are the key details:
Margin Trading and Savings
Spot margin trading will be available for:
- CELO/USDT
- GALA/USDT
- Tiered margin ratios apply—check the Margin Borrowing Position Tiers post-listing for specifics.
- Savings limits are outlined in the Business Rules for Savings.
Perpetual Swap Trading
CELO/USDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | CELO/USDT Index |
| Settlement asset | USDT |
| Face value | 1 CELO |
| Price quotation | CELO value in USDT |
| Tick size | 0.0001 |
| Leverage | 0.01–75x |
| Funding rate formula | Clamp(MA(((best bid + best offer)/2 – spot index price)/spot index price – interest), -0.75%, 0.75%) |
| Trading hours | 24/7 |
GALA/USDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | GALA/USDT Index |
| Settlement asset | USDT |
| Face value | 10 GALA |
| Price quotation | GALA value in USDT |
| Tick size | 0.00001 |
| Leverage | 0.01–75x |
👉 Note:
- A temporary funding rate cap (0.03%) applies until 4:00 pm UTC on September 24 to prevent excessive fees due to initial volatility.
- Post-4:00 pm UTC, the cap reverts to 0.75%.
Price limits for CELO and GALA perpetual swaps follow standard rules—review the Perpetual Swap Trading Guide for details.
FAQs
1. When does margin trading for CELO/GALA start?
A: Both margin trading and perpetual swaps go live at 10:00 am UTC on September 24.
2. What leverage is available for CELO/GALA perpetual swaps?
A: Up to 75x, adjustable within 0.01–75x.
3. Are there any special funding rate rules at launch?
A: Yes—a 0.03% cap applies until 4:00 pm UTC on September 24 to reduce early volatility impact.
4. Where can I find margin tier details?
A: Visit the Margin Borrowing Position Tiers page post-listing.
5. Is savings support available for CELO/GALA?
A: Yes, with limits detailed in the Savings Business Rules.
Risk Disclosure
Trading digital assets carries high risk and potential capital loss. Ensure you understand the risks and consider your experience level before investing. Seek independent financial advice if needed.
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OKX Team
September 24 (UTC)