Starting at 7:00 AM UTC on November 8, OKX will officially enable margin trading, savings services, and USDT-margined perpetual swaps for the digital asset WEMIX. This strategic expansion enhances trading flexibility and investment opportunities for users seeking exposure to the growing gaming and blockchain ecosystem.
The update applies across all platforms—web, mobile app, and API—ensuring a seamless experience for both retail traders and institutional participants. With these new features, traders can leverage their positions, earn yield on idle assets, and gain long or short exposure to WEMIX with up to 75x leverage.
Enhanced Trading Capabilities with WEMIX
Margin Trading Now Live
OKX is activating spot margin trading for the WEMIX/USDT trading pair. This allows users to borrow funds to increase their trading position size, amplifying potential returns (while also increasing risk).
Margin trading is ideal for experienced traders who have a directional view on WEMIX’s price movement and want to maximize capital efficiency. By using borrowed funds, traders can open larger positions than their current balance would allow—offering greater flexibility in dynamic market conditions.
👉 Discover how margin trading can boost your strategy with powerful tools and real-time data.
Earn Passive Income with WEMIX Savings
In addition to trading enhancements, OKX introduces WEMIX savings products, enabling users to earn competitive interest rates on their idle WEMIX holdings.
This feature supports the growing trend of yield-generating strategies in the crypto space. Instead of leaving tokens dormant in wallets, users can now put them to work—earning regular returns without needing to sell or trade.
Savings products are designed with accessibility in mind: simple lock-up terms, transparent APYs, and easy redemption options make it ideal for both beginners and seasoned investors looking to diversify income streams.
Introducing WEMIXUSDT Perpetual Swaps
Perpetual contracts have become one of the most popular instruments in crypto derivatives trading due to their flexibility and 24/7 availability. OKX is now listing the WEMIXUSDT perpetual swap, giving traders continuous exposure to WEMIX price movements without an expiry date.
Key Contract Specifications
- Underlying Index: WEMIX/USDT
- Settlement Asset: USDT
- Face Value: 1 WEMIX per contract
- Price Quotation: Denominated in USDT
- Tick Size: 0.001 USDT (minimum price movement)
- Leverage Range: 0.01x to 75x (adjustable based on position size and risk settings)
- Trading Hours: 24 hours a day, 7 days a week
The funding rate mechanism ensures that the perpetual contract price stays closely aligned with the underlying spot index price. It is calculated as:
Clamp(MA(((best bid + best offer) / 2 - spot index price) / spot index price - interest), -0.75%, 0.75%), where interest = 0
This means the funding rate is smoothed over time and capped between -0.75% and +0.75%, preventing extreme volatility in funding costs.
Special Funding Rate Adjustment During Launch
To ensure stability during the initial phase of trading, OKX has implemented a temporary adjustment:
- Before 16:00 UTC on November 7: The maximum predicted funding rate will be limited to 0.03%
- After 16:00 UTC: The cap will revert to the standard level of 1.50%
This precaution helps prevent abnormal funding charges during early market formation when premiums may be volatile. The first actual funding fee will be settled at 8:00 AM UTC on November 8.
Traders are encouraged to monitor funding rates closely during launch periods, as they directly impact holding costs for open positions.
👉 Access advanced trading tools and real-time analytics to stay ahead in volatile markets.
Why WEMIX? Understanding the Asset Behind the Innovation
WEMIX is the native token of the WEMIX platform, a blockchain-based gaming ecosystem that bridges traditional gaming with decentralized finance (DeFi). It powers in-game economies, enables governance participation, and facilitates cross-game asset interoperability.
As play-to-earn (P2E) and GameFi continue to gain traction globally, WEMIX stands out as a key player driving adoption through scalable infrastructure and strong developer support.
With increasing user engagement and expanding partnerships, demand for efficient trading and yield mechanisms around WEMIX is rising—making this upgrade from OKX both timely and strategically significant.
Optimized Risk Management and Trading Rules
OKX applies consistent price limit rules for the WEMIXUSDT perpetual swap, aligning it with other USDT-margined contracts on the platform. These safeguards help mitigate flash crashes and excessive volatility by restricting order placement beyond predefined price bands.
Users are advised to review the full Perpetual Swap Trading Guide for detailed information on liquidation mechanisms, insurance funds, and mark pricing models.
Additionally, robust API support ensures algorithmic traders can integrate WEMIX derivatives into automated strategies with low latency and high reliability.
Frequently Asked Questions (FAQ)
Q: What time does WEMIX margin trading go live?
A: Margin trading, savings, and perpetual swaps for WEMIX will go live at 7:00 AM UTC on November 8.
Q: Which trading pairs are supported for margin trading?
A: Initially, only the WEMIX/USDT spot margin pair will be available. More pairs may be added based on demand.
Q: How is the funding rate calculated for WEMIXUSDT perpetual swaps?
A: The funding rate is derived from the premium between the contract price and spot index, smoothed via moving average and clamped between -0.75% and +0.75%. Interest rate component is set to zero.
Q: Can I use API access to trade WEMIX perpetuals?
A: Yes, full API support is available across all trading functions including margin, spot, and derivatives.
Q: Are there special rules during the initial launch period?
A: Yes. To stabilize pricing, the predicted funding rate upper limit is capped at 0.03% before 16:00 UTC on November 7, then returns to normal levels.
Q: Where can I find educational resources about perpetual swaps?
A: OKX offers comprehensive guides and tutorials in its Help Center covering contract specifications, risk management, and trading strategies.
Final Thoughts: A Step Forward for GameFi and Derivatives Trading
The integration of WEMIX into OKX’s suite of financial products marks a significant step forward for GameFi assets in mainstream crypto markets. By offering margin trading, savings options, and perpetual contracts, OKX empowers users with full-cycle financial tools—from speculation to passive income generation.
Whether you're a gamer invested in the WEMIX ecosystem or a trader seeking new opportunities in emerging sectors, these features provide enhanced utility and access.
👉 Start trading WEMIX with advanced derivatives and earn yield on your holdings today.