OKX to list pre-market perpetual futures for XPL (Plasma) crypto
Listing Timeline
We are pleased to announce that USDT-margined pre-market perpetual futures for XPL will be enabled at 11:00 am UTC on Aug 28, 2025. The updates will cover both the web and app interfaces as well as the API:
Project Introduction
Plasma is a Layer 1 blockchain designed for stablecoins, aiming to offer high performance, scalability, and security.
Asset name: Plasma
Ticker: XPL
Check Plasma Price: https://www.okx.com/price/plasma-xpl
Pre-market Futures
OKX Pre-market Futures allows you to trade perpetual futures on crypto that have not yet been officially listed. These pre-market futures are USDT-margined and are usually converted to standard perpetual futures after the new crypto is listed on the spot market. OKX has introduced the pre-market futures trading feature to provide users with a safe and reliable platform for participating in the price discovery of new cryptocurrencies.
1. Pre-market futures contract
Features | Details |
Underlying | XPL/USDT index (index is the last price of the contract) |
Settlement crypto | USDT |
Face value | 10 XPL |
Price quotation | Quote based on the USDT price of 1 XPL. |
Tick size | 0.0001 |
Leverage | 0.01 - 20x |
Funding rate | Fixed daily rate of 0.03% |
Funding fee settlement interval | 4 hours |
Trading hours | 24/7 trading |
Contract type | Perpetual futures |
Conversion time | The futures conversion date has not been determined. Pre-market futures are usually converted into standard perpetual futures after the crypto is listed on the spot market. The specific conversion date will be announced separately. |
OKX Pre-market Futures differs from the standard OKX perpetual futures in some product mechanisms. Tiered position limits are as follows:For details on trading rules such as limit prices and tier levels, please refer to the Introduction to Pre-market Futures.
1. Tiered position limits
Tier | Max open positions (Contracts) | MMR | IMR | Max leverage |
1 | 2,000 | 2.00% | 5.00% | 20.00 |
2 | 4,000 | 3.00% | 6.66% | 15.00 |
3 | 6,000 | 4.00% | 8.00% | 12.50 |
4 | Increase by 2,000 conts from the previous tier | Increase by 0.5% from the previous tier | Increase by 0.5% from the previous tier | Max. leverage of the tier |
Get ready for your trading
Top up your USDT balance to get ready for XPLUSDT pre-market trading:
Risk reminders
The crypto project team has not yet confirmed the crypto issuance plan, and the total supply is uncertain. Changes in issuance volume may cause market price fluctuations. Users should stay informed about market conditions, exercise risk control, and trade cautiously.
Prices in the pre-market futures are determined by market behavior and may not accurately reflect the actual listing price of the new crypto.
The pre-market futures don’t guarantee that the crypto will eventually be listed on the spot trading. Refer to OKX announcements for specific listing details.
OKX may suspend such trading in pre-market conditions at any time and at its sole discretion. Please refer to Terms of Service and Risk & Compliance Disclosure for more details.
OKX team
Aug 28, 2025