OKX to List Perpetual Futures for NEIROETH, BRETT, and CAT

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The cryptocurrency derivatives market continues to expand with increasing demand for innovative meme-inspired and community-driven tokens. In response, OKX is set to enhance its trading offerings by launching USDT-margined perpetual futures contracts for three emerging digital assets: NEIROETH, BRETT, and CAT. This strategic addition underscores OKX’s commitment to providing traders with early access to high-potential assets while maintaining robust risk management and transparent pricing mechanisms.

These new listings will go live on September 6, 2024, with staggered start times across the web, mobile app, and API platforms—ensuring a smooth integration for all users regardless of their preferred trading interface.

Listing Schedule and Trading Details

Each perpetual futures contract will be introduced at a specific time to allow market participants to prepare and engage strategically:

All contracts are settled in USDT, offering stability and widespread compatibility across wallets and exchanges. Below is a detailed breakdown of each instrument’s specifications.

NEIROETH/USDT Perpetual Futures

NEIROETH has gained attention as an Ethereum-based meme token with strong community engagement. The perpetual futures contract is designed to reflect real-time market sentiment with precision.

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BRETT/USDT Perpetual Futures

BRETT represents another rising meme coin with viral traction across social platforms. Its inclusion reflects growing trader interest in culturally resonant digital assets.

With higher leverage support, BRETT offers amplified opportunities—but also increased risk—making it essential for traders to apply proper position sizing and risk controls.

CAT/USDT Perpetual Futures

CAT stands out due to its uniquely large face value, catering to traders seeking exposure to micro-cap tokens with macro-level trading mechanics.

This structure enables accurate hedging and speculation, even in highly volatile or illiquid environments.

Index Composition and Market Reliability

To ensure fair valuation and prevent manipulation, OKX uses multi-exchange spot indices to determine the underlying prices for funding calculations. The index constituents and their respective weightings are transparently disclosed:

NEIROETH Index Weighting

BRETT Index Weighting

CAT Index Weighting

This diversified weighting approach enhances price accuracy by aggregating data from multiple reputable exchanges, reducing the impact of outliers or temporary imbalances on any single platform.

Temporary Funding Fee Adjustment

Due to expected volatility during the initial listing phase, OKX has implemented a temporary cap on funding fees:

This safeguard protects traders from unexpectedly high costs during the early price discovery period while still allowing normal market dynamics to take effect shortly after launch.

Why These Listings Matter

The introduction of perpetual futures for NEIROETH, BRETT, and CAT aligns with broader trends in decentralized finance: increasing demand for speculative instruments tied to community-powered tokens. These assets often experience rapid price movements driven by social sentiment, making derivatives like perpetual swaps valuable tools for managing risk or capitalizing on short-term opportunities.

Moreover, OKX’s decision to list them signals confidence in their liquidity potential and long-term relevance within the evolving crypto ecosystem.

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Frequently Asked Questions (FAQ)

Q: What are USDT-margined perpetual futures?
A: They are derivative contracts that allow traders to speculate on price movements without owning the underlying asset. Margined in USDT, they offer stability and ease of use compared to crypto-collateralized positions.

Q: Can I trade these contracts on mobile?
A: Yes. All new perpetual futures for NEIROETH, BRETT, and CAT are fully supported on the OKX mobile app, alongside web and API access.

Q: Why is CAT’s face value so high?
A: Because CAT trades at a very low price per unit, a higher face value (100,000) ensures meaningful contract size and efficient margin utilization.

Q: Are there special risks when trading newly listed perpetuals?
A: Yes. New listings can experience extreme volatility and liquidity gaps. Traders should use caution, avoid over-leveraging, and monitor funding rates closely.

Q: How is the funding fee calculated?
A: It's based on the difference between the perpetual contract price and the spot index, smoothed over time. The formula prevents sudden spikes and promotes market equilibrium.

Q: Will these contracts follow standard price limits?
A: Yes. Price deviation rules for NEIROETH, BRETT, and CAT match those of other USDT-margined perpetuals on OKX, helping prevent flash crashes or manipulation.

By integrating these new contracts into its ecosystem, OKX continues to lead in providing timely access to innovative digital assets while upholding transparency, security, and trader protection standards.

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