Starting April 15, 2025, at 7:30 PM (UTC+8), OKX will officially launch the WCTUSDT perpetual contract across its web platform, mobile app, and API. Additionally, leveraged trading and Simple Earn services for WCT will go live on April 17, 2025, at 12:00 PM (UTC+8). These new offerings expand users’ access to flexible trading and earning opportunities within the growing digital asset ecosystem.
This update enhances market accessibility for WCT holders and traders by introducing advanced financial tools designed for both short-term speculation and long-term yield generation. Below is a detailed breakdown of the features and parameters now available.
Leveraged Trading & Simple Earn for WCT
OKX continues to strengthen its margin trading infrastructure with the addition of WCT to its supported assets. This enables users to amplify their market exposure using borrowed funds while maintaining full control over risk management.
Key Features:
- WCT/USDT leveraged trading pair will be available upon launch.
- Users can access multiple tiers of borrowing limits based on account tier, collateral balance, and risk level. For full details on margin borrowing tiers and position levels, refer to the platform's updated guidelines after launch.
- The Simple Earn program allows users to deposit WCT and earn passive income through flexible or fixed-term staking options. Available allocation limits and estimated APYs will be published in real time on the Simple Earn dashboard.
These services empower traders and investors to optimize capital efficiency—whether they're seeking to hedge positions, execute short trades, or generate yield from idle holdings.
👉 Discover how leveraged trading can enhance your crypto strategy today.
WCTUSDT Perpetual Contract Specifications
Perpetual contracts are among the most popular derivatives in the crypto space due to their flexibility, high liquidity, and absence of expiration dates. The newly launched WCTUSDT perpetual contract follows industry-leading standards with transparent pricing and predictable fee structures.
Core Contract Details:
- Underlying Index: WCT/USDT
- Settlement Currency: USDT
- Contract Size: 10 USDT per contract
- Price Quotation: Based on the price of 1 WCT in USDT
- Minimum Price Increment (Tick Size): 0.0001 USDT
- Leverage Range: Adjustable from 0.01x up to 20x
Funding Fee Mechanism:
$$ \text{Funding Rate} = \text{Clamp}\left(\text{MA}\left[\frac{(\text{Bid Price} + \text{Ask Price}) / 2 - \text{Spot Index}}{\text{Spot Index}}\right] - \text{Interest}, -1.5\%, 1.5\%\right) $$
Where Interest = 0. Funding payments are settled every 4 hours using the "current period" model.
- Funding Interval: Every 4 hours (00:00, 04:00, 08:00 UTC+8, etc.)
- Trading Hours: 24/7,全年无休
Note: During the initial phase following launch, funding rate volatility may occur due to market imbalance. To protect users from excessive fees:
- Until April 16, 2025, at 00:00 (UTC+8), the maximum absolute funding rate is capped at 0.5%.
- Starting April 16 at 00:00 (UTC+8), the cap returns to the standard ±1.5%.
- The first actual funding fee collection occurs at April 16, 4:00 AM (UTC+8).
OKX reserves the right to adjust funding parameters if abnormal price deviations are detected between the contract and spot markets.
All other trading rules—including order types, liquidation mechanisms, insurance funds, and fee schedules—align with existing USDT-margined perpetual contracts on OKX. For comprehensive documentation, users are encouraged to review the official Perpetual Swap User Agreement post-launch.
Why These Updates Matter
The integration of WCT into OKX’s suite of financial products signals increased institutional and retail interest in the asset. By supporting multiple product lines—spot, margin, derivatives, and yield generation—OKX ensures that users can engage with WCT in ways that match their individual strategies.
Traders benefit from enhanced liquidity and tighter spreads, while long-term holders gain utility beyond simple holding. This multi-product support often correlates with improved market stability and broader adoption.
Moreover, perpetual contracts offer a powerful tool for hedging or speculating without needing to own the underlying asset directly—ideal for navigating volatile market conditions.
👉 Start exploring perpetual contracts with low entry barriers and advanced tools.
Frequently Asked Questions (FAQ)
Q1: What time does the WCTUSDT perpetual contract go live?
The WCTUSDT perpetual contract launches on April 15, 2025, at 7:30 PM (UTC+8) on all OKX platforms including web, mobile app, and API.
Q2: Can I use leverage when buying WCT?
Yes. Starting April 17, 2025, at 12:00 PM (UTC+8), you can trade WCT with leverage via the margin trading feature. Supported pairs include WCT/USDT.
Q3: How are funding fees calculated for WCTUSDT?
Funding fees are derived from the difference between the mid-price of the contract and the spot index price. A moving average smooths fluctuations, and the final rate is clamped between -1.5% and +1.5%. Interest rate is set to zero.
Q4: When are funding fees charged or paid?
Funding is exchanged every 4 hours at fixed intervals (e.g., 4:00 AM, 8:00 AM UTC+8). If you hold a position at that time, you’ll either pay or receive the funding fee depending on market conditions.
Q5: Is there a special cap on funding rates during early trading?
Yes. To prevent extreme fees during launch volatility:
- Funding rate caps are limited to ±0.5% until April 16, 2025, at 00:00 UTC+8.
- After that point, normal capping at ±1.5% resumes.
Q6: How can I earn yield on my WCT holdings?
Through the Simple Earn feature launching on April 17, you can deposit WCT and earn interest via flexible or fixed-term staking plans. Allocation limits and returns will be visible directly in your account dashboard.
Final Thoughts
OKX remains committed to delivering innovative financial instruments that meet evolving user demands. With the introduction of WCT leveraged trading, perpetual contracts, and Simple Earn, users now have a complete toolkit for engaging with WCT across various market conditions.
Whether you're an active trader looking to capitalize on price swings or a long-term investor aiming to generate yield, these updates provide greater flexibility and control over your digital asset portfolio.
As always, practice sound risk management—especially when using leverage or participating in derivatives markets. Stay informed, monitor funding rates, and use stop-loss orders where appropriate.
👉 Unlock advanced trading features and start maximizing your crypto potential now.
All services mentioned are subject to availability in your region and compliance with local regulations.