To support the development of the USDⓈ ecosystem and meet diverse user trading needs, OKX now offers new USDⓈ-margined contracts.
Users can set USDC or USDG as the settlement currency for USDⓈ-margined contract trading according to their needs. We use XXX/USD UM to represent USDⓈ-margined contracts. Currently, BTC/USD UM and ETH/USD UM are officially listed for trading.
To ensure a consistent trading experience, OKX will delist USDC-margined perpetual contracts on December 11th at 16:00 (UTC+8). You can manually close your positions before delisting and then trade USDⓈ-margined contracts.
See the comments section for details.
Learn more:
▶ USD-margined contract launch announcement:
▶ USDC-margined contract delisting announcement: