The highly anticipated spot trading launch of ME (Magic Eden) on OKX has been rescheduled. While the listing remains on track, users should take note of the updated timeline and key trading rules designed to ensure market stability and fair participation.
This adjustment reflects OKX’s ongoing commitment to platform integrity and user protection—especially during high-volatility events such as new token listings. Whether you're preparing to trade ME/USDT or manage existing futures positions, understanding the revised schedule and associated protocols is essential.
Updated Listing Timeline for ME (Magic Eden)
The following is the revised timeline for the ME token listing on OKX:
Call Auction Phase
- Starts: 1:30 PM UTC, December 10, 2024
- Ends: 2:30 PM UTC, December 10, 2024
During this phase, users can place limit orders, but no trades are executed until the end of the auction. The final opening price is determined based on supply and demand dynamics.
👉 Discover how call auctions help stabilize new token launches and improve price discovery.
Spot Trading Goes Live
- ME/USDT trading opens: 2:30 PM UTC, December 10, 2024
Once the call auction concludes, continuous trading begins. However, special risk-mitigation measures will be in place during the first five minutes.
Withdrawals Enabled
- ME withdrawals available: 3:00 AM UTC, December 11, 2024
Users can begin withdrawing ME tokens approximately 12.5 hours after spot trading commences.
Risk Control Measures During Initial Trading
To protect traders from extreme volatility at launch, OKX will enforce temporary restrictions during the first five minutes of ME/USDT spot trading:
- Market orders are disabled — Only limit orders will be accepted.
- Maximum order value: Each limit order must not exceed $10,000 USD equivalent.
These safeguards aim to prevent flash crashes or artificial price spikes caused by large market orders. After five minutes, all standard trading functionalities will resume normally.
About Magic Eden (ME) Token
The $ME token powers Magic Eden’s vision of becoming a cross-chain ecosystem super dApp. Its primary objectives include:
- Expanding user acquisition across multiple blockchain networks
- Enabling seamless, one-stop trading of multi-chain digital assets
- Supporting decentralized infrastructure development
Key Token Metrics
- Asset Name: Magic Eden
- Ticker Symbol: ME
- Total Supply: 1,000,000,000 ME
By focusing on interoperability and user experience, Magic Eden aims to bridge fragmented NFT and DeFi markets across chains like Solana, Ethereum, and Bitcoin.
Pre-Market Futures Delivery for ME
Traders who participated in pre-market futures contracts should be aware of the delivery mechanics tied to the spot listing.
Delivery Timing
- Pre-market futures will settle 2.5 hours after ME spot trading goes live
- Delivery price calculation begins 2–3 hours post-listing
- Any changes to the listing time will automatically adjust the delivery schedule
Stay updated through official OKX announcements to avoid unexpected position changes.
How the Delivery Price Is Calculated
OKX uses a robust and transparent pricing mechanism:
- Index Price: Aggregated from over three major exchanges to reflect true market value
- Final Delivery Price: Arithmetic average of the OKX index price recorded hourly before delivery
In cases of abnormal price movements during the final hour, OKX reserves the right to adjust the delivery price to a fair and reasonable level.
Post-Delivery Transfer Restrictions
For risk management purposes:
- Users holding MEUSDT futures positions valued above $10,000 at delivery time
- Will face a 30-minute transfer freeze on assets in their trading account
This restriction helps prevent immediate fund movement that could impact market equilibrium. All order history and billing records remain accessible via the OKX web platform’s Order Center.
👉 Learn how futures delivery works and how to prepare for settlement periods.
Settlement Fees and Price Limits
Settlement Fee
A 1% settlement fee applies to pre-market futures upon delivery. This rate is subject to change based on future platform announcements.
Dynamic Price Limits
To maintain orderly trading in pre-market contracts:
After Contract Generation:
- Maximum buy price = Average mid-price (last hour) × (1 + 15%)
- Minimum sell price = Average mid-price (last hour) × (1 – 15%)
Within 60 Minutes Before Delivery:
- Buy cap = Index Price × (1 + 5%)
- Sell floor = Index Price × (1 – 5%)
The mid-price is calculated every minute using:
(Best Bid + Best Ask) / 2
These limits are recalculated in real-time to adapt to market conditions and prevent manipulation.
Prepare for ME/USDT Spot Trading
Ensure your account is ready when trading begins:
- Top up your USDT balance in advance
- Set clear entry and exit strategies
- Monitor your leverage and exposure levels
High volatility is expected during the initial trading phase. Use limit orders strategically and consider partial entries to manage risk effectively.
Core Keywords for SEO Integration
This article naturally incorporates the following high-intent keywords relevant to search queries:
- ME token listing
- Magic Eden ME trading
- OKX ME futures delivery
- ME/USDT spot trading
- pre-market futures settlement
- call auction mechanism
- crypto listing delay
- Magic Eden cross-chain strategy
These terms support discoverability while maintaining readability and informational depth.
Frequently Asked Questions (FAQ)
Q: Why did OKX delay the ME listing?
A: While no official reason was given, delays are often implemented to ensure technical readiness, market fairness, or compliance verification—especially for high-profile listings.
Q: Can I still trade ME during the call auction?
A: Yes, you can submit limit orders during the call auction phase, but actual trades execute only after it concludes at 2:30 PM UTC.
Q: What happens if my futures position exceeds $10K at delivery?
A: You’ll be unable to transfer assets out of your trading account for 30 minutes post-delivery. This prevents abrupt capital movement during a sensitive period.
Q: Is there a chance of negative balance after delivery?
A: No. If losses exceed your margin, they are covered by the insurance fund. If insufficient, the system auto-deleverages high-profit positions fairly.
Q: How is abnormal price behavior handled?
A: OKX monitors for anomalies and may adjust the final delivery price to a reasonable level if irregularities occur in the final hour.
Q: Where can I download my futures trade history?
A: Visit the Order Center on OKX Web to export your order history and billing records at any time.
Final Reminders
Before participating in ME trading or holding related futures:
- Conduct independent research on Magic Eden’s ecosystem and roadmap
- Understand that digital assets are speculative and prices can drop rapidly
- Never invest more than you can afford to lose
OKX provides tools and transparency, but ultimate responsibility lies with the trader.
👉 Get started with secure and efficient trading on one of the world’s leading crypto platforms.