Cryptocurrency trading continues to evolve with new opportunities for traders seeking exposure to innovative digital assets. OKX has officially launched CTCUSDT and TURBOUSDT perpetual contracts, along with margin trading and Simple Earn services for both CTC and TURBO tokens. These features are now available across the web platform, mobile app, and API, empowering users with advanced tools to trade, leverage, and grow their holdings.
This update marks a significant step forward in expanding trading options for emerging crypto assets, offering flexible instruments for both short-term speculation and long-term investment strategies.
Launch Timeline and Availability
The rollout of these new financial products followed a structured timeline to ensure smooth integration and optimal market conditions:
- CTC/USDT Margin Trading & Simple Earn: Launched at 3:30 PM (UTC+8) on December 14, 2023
- CTCUSDT Perpetual Contract: Officially went live at 4:00 PM (UTC+8) on December 14, 2023
- TURBO/USDT Margin Trading & Simple Earn: Launched at 5:30 PM (UTC+8) on December 14, 2023
- TURBOUSDT Perpetual Contract: Went live at 6:00 PM (UTC+8) on December 14, 2023
All services are accessible via the OKX web interface, mobile application, and through API endpoints—ensuring seamless access for retail traders, institutional participants, and algorithmic trading systems alike.
👉 Discover how to start leveraging CTC and TURBO today with powerful trading tools.
Margin Trading and Simple Earn: Key Features
1. Leveraged Trading for CTC and TURBO
OKX now supports USDT-margined leveraged trading for both CTC and TURBO. This allows traders to amplify their positions using borrowed funds, increasing potential returns (and risks). The leverage tiers are dynamically adjusted based on position size and risk parameters.
Users can view real-time leverage borrowing tiers directly within the platform under “Leverage Position Tier Specifications” after logging in. These tiers define maximum borrowable amounts, maintenance margins, and liquidation thresholds.
2. Simple Earn – Grow Your Holdings Passively
Holders of CTC and TURBO can now participate in the Simple Earn program, allowing them to earn passive income by staking or lending their assets. This feature is ideal for users who prefer low-risk yield generation without active trading.
Available yields and subscription limits are subject to change based on market demand and liquidity conditions. Full details can be found in the updated OKX Simple Earn Terms & Conditions.
Perpetual Contracts: In-Depth Overview
Perpetual contracts offer traders the ability to speculate on price movements without owning the underlying asset. With no expiration date, they’re ideal for both short-term scalping and longer-term directional bets.
CTCUSDT Perpetual Contract Specifications
- Underlying Index: CTC/USDT
- Settlement Currency: USDT
- Contract Value: 10 USDT per contract
- Price Quotation: Based on the USD price of 1 CTC
- Tick Size: 0.0001 USDT
- Leverage Range: 0.01x to 50x (adjustable based on risk settings)
- Funding Rate Mechanism:
Clamp(MA[((Bid + Ask)/2 – Spot Index Price) / Spot Index Price – Interest], -0.75%, 0.75%)
Where Interest = 0 - Trading Hours: 7×24 market availability
TURBOUSDT Perpetual Contract Specifications
- Underlying Index: TURBO/USDT
- Settlement Currency: USDT
- Contract Value: 10,000 USDT per contract
- Price Quotation: Based on the USD price of 1 TURBO
- Tick Size: 0.0000001 USDT (supports micro-price movements)
- Leverage Range: 0.01x to 20x
- Funding Rate Mechanism: Same as CTCUSDT model
- Trading Hours: 7×24 continuous trading
⚠️ Note on Initial Funding Rates: Due to potential volatility during launch, the funding rate cap was set at 0.03% until December 15, 2023, 00:00 UTC+8. After this period, the predicted funding rate ceiling returned to the standard 1.50%, with the first actual collection occurring at 4:00 PM UTC+8 on December 15.
All other trading rules—including order types, liquidation mechanisms, insurance funds, and fee structures—align with existing USDT-margined perpetual contracts on OKX. For full technical documentation, refer to the Perpetual Contract User Guide available in the help center.
Why These Listings Matter for Traders
The introduction of CTC and TURBO derivatives reflects growing interest in niche but promising blockchain ecosystems. By offering multiple financial instruments—perpetuals, margin pairs, and yield programs—OKX enables comprehensive portfolio management around these assets.
Strategic Benefits Include:
- Hedging Capabilities: Traders holding spot positions can hedge against downside risk using short perpetuals.
- Arbitrage Opportunities: Price discrepancies between spot and futures markets create arbitrage windows.
- Yield Optimization: Simple Earn allows idle tokens to generate returns instead of sitting dormant.
- Liquidity Enhancement: New markets attract more traders, improving order book depth and slippage profiles.
These products cater to various user personas—from day traders using high-frequency strategies to long-term investors looking to earn yield while maintaining exposure.
Frequently Asked Questions (FAQ)
Q1: What are perpetual contracts?
A perpetual contract is a derivative product that mimics spot prices but doesn’t expire. It allows traders to go long or short with leverage and is settled in stablecoins like USDT. A funding rate mechanism ensures the contract price stays close to the underlying index.
Q2: How is leverage applied in margin trading?
Leverage lets you control a larger position using borrowed funds. For example, with 10x leverage, a $1,000 deposit controls a $10,000 position. While it amplifies gains, it also increases liquidation risk if the market moves against you.
Q3: Can I lose more than my initial investment?
No. OKX uses isolated margin modes and automatic liquidation systems to prevent negative balances. Your maximum loss is limited to your invested margin unless you enable cross-margin settings with full account exposure.
Q4: Is there a fee for participating in Simple Earn?
There is no subscription fee. However, OKX may charge a performance fee or take a cut of earned interest depending on the specific product terms. Always review the current rate and lock-up period before enrolling.
Q5: How often is the funding rate charged?
Funding fees are exchanged every 8 hours—at 04:00, 12:00, and 20:00 UTC. Longs pay shorts (or vice versa) depending on whether the contract trades above or below the spot index.
Q6: Are these contracts available globally?
Yes, subject to regional regulatory compliance. Some jurisdictions may restrict access to leveraged products. Users should verify local regulations before trading.
Final Thoughts: Embracing Advanced Crypto Instruments
The launch of CTCUSDT and TURBOUSDT perpetuals, alongside margin and yield services, underscores OKX’s commitment to delivering sophisticated financial tools for modern crypto traders. Whether you're looking to speculate on price swings, hedge existing holdings, or earn passive income, these new offerings provide versatile pathways to achieve your goals.
As always, proper risk management is essential when using leveraged products. Start small, use stop-loss orders, and stay informed about market developments.
OKX remains dedicated to innovation, security, and user empowerment—paving the way for the next generation of digital finance.