OKX to Transition CC Premarket Futures to Perpetual Futures

In a notable update for cryptocurrency traders, OKX has announced the transition of CC premarket futures to standard perpetual futures. This change, set to take effect on November 10, 2025, at 12:30 pm UTC, will impact both web and app interfaces as well as the API, according to OKX.

Details of the Conversion

The conversion process will involve several key features. The underlying index will be CC/USDT, with settlements conducted in USDT. The futures will maintain a face value of 10, and price quotations will be calculated in USDT equivalent. The tick size will be set at 0.00001, and traders will have access to leverage options ranging from 0.01x to 20x.

Funding and Trading Specifications

The funding rate for the perpetual futures will be determined by a clamp formula, which considers the average premium index and interest rate, with limits set between 1.50% and -1.50%. Funding intervals are scheduled every four hours, ensuring continuous adjustments in line with market fluctuations. Notably, the trading hours will remain open 24/7, offering traders the flexibility to engage at any time.

Position Limits and Risk Management

OKX has outlined tiered position limits to manage trading risks effectively. The first tier allows a maximum of 10,000 contracts with a 2.00% maintenance margin ratio (MMR) and a 5.00% initial margin ratio (IMR), with leverage capped at 20x. Subsequent tiers will see incremental increases in both position limits and margin requirements, reflecting the need for greater risk management as positions grow. Adjustments to these tiers may occur post-conversion, contingent on liquidity and market conditions.

Risk Considerations

OKX has emphasized that this information is intended solely for informational purposes and does not constitute financial advice. The exchange highlighted the speculative nature and high volatility of digital assets, advising traders to conduct thorough research and assess their risk tolerance before engaging in trading activities.

For more detailed information, traders are encouraged to review the product documentation and terms of service available on the OKX website.

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