OKX Introduces PIGGY Perpetual Futures in USDT Market
Terrill Dicki Oct 29, 2025 17:32
OKX is set to launch USDT-margined perpetual futures for Piggycell (PIGGY), enhancing its offerings for traders. The update will be available across web, app, and API interfaces.
OKX, a leading cryptocurrency exchange, has announced the listing of USDT-margined perpetual futures for Piggycell (PIGGY), effective from October 29, 2025. This strategic move aims to expand the trading opportunities available on the platform, accommodating both web and app interfaces as well as the API, according to OKX.
Piggycell's Innovative Approach
Piggycell, recognized as Korea’s foremost power bank network, transforms real-world charging activities into tokenized on-chain transactions, positioning itself as a leading Real-World Asset (RWA) and Decentralized Physical Infrastructure Network (DePIN) protocol. This innovation not only leverages blockchain technology but also offers tangible utility in the energy sector.
Perpetual Futures Details
The PIGGY perpetual futures will be settled in USDT, with a face value of one, and will be quoted in terms of PIGGY’s value in USDT. The trading will offer leverage options ranging from 0.01x to 20x, providing traders with flexibility in their investment strategies. The funding rate is designed to be dynamic, factoring in the average premium index and interest rate, and is capped between -1.50% and 1.50%.
Funding fee settlements are scheduled every four hours, but adjustments to hourly settlements will occur if rates hit predefined caps or floors. This mechanism ensures that trading remains responsive to market conditions, offering a balanced approach to risk management.
Round-the-Clock Trading
Traders will benefit from 24/7 trading hours, aligning with the global nature of cryptocurrency markets. This availability ensures that participants can react to market changes at any time, enhancing their ability to manage portfolios effectively.
For further information on the trading terms, traders are encouraged to review the OKX Perpetual Futures Trading User Agreement.
The introduction of PIGGY perpetual futures underscores OKX's commitment to broadening its derivatives market, providing innovative financial instruments tailored to the evolving needs of its user base.
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