The cryptocurrency derivatives market continues to expand, offering traders more opportunities to hedge positions and capitalize on price movements. In line with this trend, OKX has introduced two new USDT-margined perpetual contracts—LTCUSDT and BCHUSDT—enhancing its suite of digital asset trading products. These additions empower traders with greater flexibility, improved liquidity, and advanced risk management tools in a 24/7 trading environment.
👉 Discover how USDT-margined perpetuals can boost your trading strategy today.
What Are USDT-Margined Perpetual Contracts?
Before diving into the specifics of the new LTC and BCH offerings, it's important to understand what USDT-margined perpetual contracts are. Unlike traditional futures, perpetual contracts do not have an expiration date, allowing traders to hold positions indefinitely (subject to funding rates). These contracts are settled in USDT, a stablecoin pegged to the U.S. dollar, which reduces volatility related to margin value fluctuations.
This structure makes them particularly appealing for traders who want exposure to crypto price movements without the complexity of managing volatile margin assets like BTC or ETH.
Key features include:
- No expiry dates
- Settlement in USDT
- Leverage options up to 50x
- Funding rate mechanism to keep prices aligned with the spot market
These instruments are ideal for both short-term speculators and long-term investors seeking efficient market exposure.
LTCUSDT Perpetual Contract Overview
Launched on December 27 at 17:00 HKT, the LTCUSDT perpetual contract brings Litecoin into OKX’s growing portfolio of tradeable derivatives. Designed for precision and accessibility, this contract caters to traders at all levels.
Key Specifications:
- Underlying Index: LTC/USDT
- Settlement Currency: USDT
- Contract Size: 1 LTC per contract
- Price Quotation: Based on the USDT price of 1 LTC
- Tick Size: 0.01 USDT (minimum price movement)
- Leverage Range: 0.01x to 50x (adjustable based on position size and risk settings)
- Trading Hours: 7×24 (available every day of the week)
- Funding Settlement Time: Daily at 16:00 HKT
With Litecoin maintaining its position as one of the top-tier cryptocurrencies by market capitalization and network utility, this contract enables users to take advantage of its price dynamics in both bull and bear markets.
BCHUSDT Perpetual Contract Details
Complementing the LTC offering, OKX also launched the BCHUSDT perpetual contract, giving traders seamless access to Bitcoin Cash derivatives.
Key Specifications:
- Underlying Index: BCH/USDT
- Settlement Currency: USDT
- Contract Size: 0.1 BCH per contract (smaller denomination for better entry flexibility)
- Price Quotation: Based on the USDT price of 1 BCH
- Tick Size: 0.01 USDT
- Leverage Range: 0.01x to 50x
- Trading Hours: 7×24
- Funding Settlement Time: Daily at 16:00 HKT
The smaller contract size (0.1 BCH) lowers the barrier to entry, making it accessible even for traders with limited capital. This is especially beneficial during periods of high volatility when precise position sizing is crucial.
Why Trade LTC and BCH Perpetuals on OKX?
OKX stands out as a leading platform for crypto derivatives due to its robust infrastructure, deep liquidity, and user-centric design. Here’s why traders benefit from using OKX for LTCUSDT and BCHUSDT contracts:
1. Multi-Platform Accessibility
Users can trade via:
- Web (PC) platform
- Mobile app (iOS and Android)
- REST and WebSocket APIs for algorithmic traders
This ensures uninterrupted access whether you're monitoring markets on the go or running automated strategies.
2. Advanced Risk Management Tools
OKX offers:
- Adjustable leverage
- Stop-loss and take-profit orders
- Liquidation price calculators
- Real-time PnL tracking
These tools help users maintain control over their exposure, especially in fast-moving markets.
3. Growing List of Supported Assets
Currently, OKX supports USDT-margined perpetual contracts for:
- BTC
- ETH
- EOS
- LTC
- BCH
And more are coming—XRP, ETC, TRX, BSV, and other major assets will be added soon, expanding diversification opportunities.
👉 Start trading LTC and BCH perpetuals with powerful tools and deep liquidity.
Frequently Asked Questions (FAQ)
Q: What is the difference between a delivery contract and a perpetual contract?
A: A delivery contract expires on a set date and settles in the underlying asset (e.g., BTC). A perpetual contract has no expiry and allows indefinite holding, with periodic funding payments to align its price with the spot market.
Q: How is the funding rate calculated?
A: The funding rate is determined by the difference between the perpetual contract price and the index price. It is paid every 8 hours (at 00:00, 08:00, and 16:00 HKT), ensuring the contract price stays close to fair market value.
Q: Can I use cross-margin mode for these contracts?
A: Yes, OKX supports both isolated and cross-margin modes. Cross-margin uses your entire wallet balance as collateral, while isolated margin limits risk to a specified amount.
Q: Is there a minimum trade size?
A: There is no fixed minimum order size beyond the tick size and contract value. However, exchange rules may require sufficient margin to open a position.
Q: Are there fees for opening or closing positions?
A: Yes, taker and maker fees apply based on your trading volume and VIP level. Maker orders that add liquidity typically have lower fees than taker orders.
Q: How often are profits settled?
A: Since these are USDT-margined contracts, all profits and losses are settled instantly in USDT, providing clear and stable valuation regardless of BTC or ETH volatility.
Final Thoughts
The introduction of LTCUSDT and BCHUSDT perpetual contracts marks another step forward in OKX’s mission to deliver comprehensive, reliable, and innovative financial products to global traders. Whether you're looking to hedge your crypto holdings or speculate on short-term price swings, these instruments offer precision, flexibility, and efficiency.
With support across multiple platforms, strong security protocols, and a clear roadmap for adding more assets, OKX continues to position itself as a top choice for serious crypto traders.
👉 Take your trading further—access advanced perpetual contracts with ease.
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