OKX Announces Listing of ENSO and OL Perpetual Futures
James Ding Oct 29, 2025 20:10
OKX is set to launch USDT-margined perpetual futures for ENSO and OL, enhancing crypto trading options with leverage up to 50x. Trading opens on October 29, 2025.
OKX, a leading cryptocurrency exchange, has announced the listing of new USDT-margined perpetual futures contracts for ENSO and OL. These trading options will be available from October 29, 2025, starting at 10:00 am UTC, according to OKX.
Trading Schedule and Features
The ENSO/USDT perpetual futures will commence trading at 10:00 am UTC, while the OL/USDT perpetual futures will follow shortly at 10:15 am UTC. These contracts offer traders the flexibility to engage in leveraged trading, with leverage options ranging from 0.01x to 50x.
The ENSO perpetual futures will be based on the ENSO/USDT index, with a face value of 10 and a tick size of 0.001. The OL perpetual futures will have a face value of 1 and a tick size of 0.00001. Both contracts will settle in USDT and will feature a funding rate mechanism to maintain fair pricing, with funding fees settled every four hours. Trading is available 24/7, allowing for continuous market participation.
Funding Rate and Settlement
The funding rate for both ENSO and OL perpetual futures is calculated using a formula that incorporates the average premium index and interest rate, clamped between 1.50% and -1.50%. This mechanism ensures that the contracts reflect the spot market price closely. If the funding rate reaches its cap or floor, the settlement interval will automatically adjust to hourly, ensuring stability in volatile market conditions.
Strategic Expansion
This move by OKX is part of its broader strategy to expand its derivatives offerings, catering to the growing demand for diverse trading instruments in the cryptocurrency market. The introduction of ENSO and OL perpetual futures aligns with the exchange's commitment to providing a comprehensive trading platform for both retail and institutional investors.
Perpetual futures have gained popularity among traders seeking to hedge positions or speculate on future price movements without the need for physical delivery of the underlying asset. By offering these contracts, OKX aims to enhance liquidity and market depth for ENSO and OL, thereby attracting more participants to its platform.
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