OKX will list perpetual contracts for SOFTBANK, TQQQ, MVLL, and MUU stocks

Odaily Planet Daily News According to an official announcement, OKX will list perpetual stock contracts on its web, app, and API platforms for certain supported countries and regions on July 2nd.

Among them, SOFTBANK/USDT will open for trading at 13:30 (UTC+8) on July 2nd; TQQQ/USDT, MVLL/USDT, and MUU/USDT will open for trading at 17:00, 17:15, and 17:30 (UTC+8) respectively.

The announcement states that the aforementioned contracts are all settled in USDT, support 24/7 trading, and have a funding rate settlement period of 8 hours. OKX reminds that the leveraged ETF perpetual contracts (TQQQ, MVLL, MUU) track funds that already employ daily leverage exposure. The perpetual contracts will further add leverage on top of this, potentially amplifying the risk of liquidation and losses.