Starting at 7:00 AM UTC on November 8, OKX will officially enable margin trading and savings services for WEMIX, alongside the launch of USDT-margined perpetual swaps. This strategic expansion enhances trading flexibility and investment opportunities for users engaging with the WEMIX ecosystem.
The update applies across all platforms — web, mobile app, and API — ensuring a seamless experience for both retail traders and institutional participants. Whether you're interested in leveraged positions or passive income through savings, OKX now offers comprehensive tools to maximize your exposure to WEMIX.
👉 Discover how to leverage your WEMIX holdings today
Enhanced Margin Trading for WEMIX/USDT
OKX is activating spot margin trading for the WEMIX/USDT trading pair, allowing users to borrow funds to amplify their trading positions. This feature empowers traders to capitalize on both rising and falling markets by using borrowed assets as collateral.
Key benefits of margin trading include:
- Increased purchasing power through leverage
- Ability to short sell during market downturns
- Flexible repayment terms with competitive interest rates
Traders should exercise caution and employ risk management strategies such as stop-loss orders, especially when utilizing high leverage. The platform supports dynamic margin adjustments based on market volatility and account health.
With the integration of WEMIX into the margin ecosystem, traders gain more ways to interact with this growing digital asset, which serves as the native token of the Wemade blockchain — a platform focused on decentralized gaming and NFT ecosystems.
WEMIXUSDT Perpetual Swap Details
OKX is listing the WEMIXUSDT perpetual swap contract, enabling traders to take leveraged long or short positions without expiration. This instrument is ideal for those seeking sustained exposure to WEMIX price movements.
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 level)
- Trading Hours: 24/7
Funding Rate Mechanism
The funding rate is calculated using the following formula: Clamp(MA(((best bid + best offer) / 2 - spot index price) / spot index price - interest), -0.75%, 0.75%), where interest = 0.
This ensures that perpetual swap prices remain closely aligned with the underlying spot index while preventing excessive divergence. Funding fees are exchanged between long and short positions every 8 hours.
Special Funding Rate Adjustment at Launch
Due to potential price instability during the initial phase:
- Before 16:00 UTC on November 7: The predicted funding rate cap is limited to 0.03%
- After 16:00 UTC on November 7: The cap reverts to the standard 1.50%
Note: The first funding fee will be charged at 8:00 AM UTC on November 8. This temporary restriction helps protect traders from abnormal charges during the contract's early stages.
Trading Rules and Risk Controls
The price limit rules for the WEMIXUSDT perpetual swap follow OKX’s standard framework used for other USDT-margined contracts. These include:
- Dynamic price bands based on recent market activity
- Auto-deleveraging protection mechanisms
- Insurance fund coverage to prevent negative balances
Traders are encouraged to review the OKX Perpetual Swap Guide for detailed information on order types, margin modes, and liquidation procedures.
👉 Start trading WEMIX with advanced tools and deep liquidity
Why WEMIX? Understanding the Asset’s Potential
WEMIX is the native cryptocurrency of Wemade, a South Korea-based company pioneering blockchain integration in online gaming. The token powers a decentralized gaming economy where players can earn, trade, and own in-game assets via NFTs.
Recent developments include:
- Expansion of the WEMIX Play platform, hosting multiple blockchain games
- Strategic partnerships with major game developers
- Cross-chain interoperability across Ethereum, Klaytn, and its own WEMIX Chain
As the play-to-earn (P2E) and GameFi sectors continue to grow, WEMIX stands out as a key player bridging traditional gaming audiences with Web3 innovations.
This makes it an attractive asset for both speculative trading and long-term investment — further amplified by OKX’s support for savings, margin, and derivatives.
Maximizing Returns with WEMIX Savings
In addition to trading features, OKX now supports WEMIX savings products, allowing users to earn interest on idle holdings. This service is part of OKX’s broader suite of yield-generating options designed for passive income seekers.
Savings benefits:
- Flexible lock-up periods (ranging from daily access to fixed terms)
- Regular interest payouts in USDT or WEMIX
- High annual percentage yields (APY) relative to market averages
By depositing WEMIX into savings accounts, users can generate returns without active trading — ideal for bullish investors who believe in the long-term value of the ecosystem.
Frequently Asked Questions (FAQ)
Q: When does WEMIX margin trading go live?
A: Margin trading for WEMIX/USDT goes live at 7:00 AM UTC on November 8.
Q: What is the maximum leverage available for WEMIX perpetual swaps?
A: Traders can use up to 75x leverage, though recommended levels vary based on risk tolerance and market conditions.
Q: How is the funding rate applied during the initial launch period?
A: Before 16:00 UTC on November 7, the predicted funding rate cap is set at 0.03%. After that time, it returns to the normal upper limit of 1.50%.
Q: Can I trade WEMIX perpetuals on mobile?
A: Yes, the WEMIXUSDT perpetual swap is available on both the OKX web platform and mobile app.
Q: Is there a minimum amount required to start margin trading?
A: Minimum requirements depend on your account tier and risk settings; check your dashboard for specific thresholds.
Q: How often are savings interest payments distributed?
A: Interest is typically paid daily, depending on the selected savings plan type (flexible or fixed-term).
👉 Unlock higher yields and advanced trading features on OKX
Final Thoughts
The introduction of margin trading, savings options, and perpetual swaps for WEMIX marks a significant step in expanding accessible financial tools for blockchain gamers and crypto investors alike. With robust infrastructure, flexible leverage, and secure yield opportunities, OKX continues to lead in delivering next-generation digital asset services.
As GameFi gains momentum globally, platforms like WEMIX that merge entertainment with economic incentives are poised for broader adoption — and OKX ensures you have all the tools needed to participate confidently.
Stay informed, manage risks wisely, and leverage every opportunity within one integrated platform.