Perpetual Futures & Spot Margin Trading for Velo on OKX

‍

We are thrilled to announce the upcoming listing of USDT-margined perpetual futures and spot margin trading for Velo on the popular OKX exchange.

‍

These exciting options will become available on the OKX exchange at 8:30 AM UTC on March 12, 2024. For perpetual futures or spot margin traders, this is an event you'll want to mark in your calendar!

‍

For more details, please visit [https://www.okx.com/help/okx-to-list-perpetual-trading-for-velo-and-ray-crypto-along-with-their].

‍

‍

🤔 For those unfamiliar with Perpetual Futures and Spot Margin Trading, here's a brief overview:

‍

👉🏻 Perpetual futures are derivative contracts allowing traders to bet on an asset's future price indefinitely, unlike traditional futures with set expiry dates. They automatically roll over, ideal for leveraging long-term trends. 

‍

🤩 These contracts use USDT for margin and settlement, simplifying trading by eliminating the need to own the actual asset, and enabling traders to speculate on Velo's price without holding Velo tokens.

‍

👉🏻 Spot margin trading allows traders to use borrowed funds for immediate asset trades in the spot market. By leveraging, traders can amplify their buying power and potential profits or losses, making it an ideal strategy for capitalizing on short-term price movements without a large capital outlay.

‍

🤝🏻 USDT-margined perpetual futures and spot margin trading offer diverse, leveraged options for capitalising on Velo's price on OKX. They are crucial for traders seeking short-term strategies or to protect long-term investments, navigating the crypto market's volatility effectively.

‍

📌 Please remember to conduct your research and be aware that all trading carries risk.

‍