Cryptocurrency exchange OKX has announced the introduction of USDT-margined perpetual futures for the MMT cryptocurrency, with trading set to commence at 12:30 pm UTC on November 4, 2025. This new financial product will be accessible across both web and app platforms, as well as through API interfaces, according to OKX.
The MMT/USDT perpetual futures contract will utilize the MMT/USDT index as its underlying asset. The settlement will occur in USDT, with each contract having a face value of 10. Pricing will be quoted in terms of the USDT equivalent value of one MMT token, with a tick size of 0.0001.
Traders will have the option to leverage their positions, with leverage ratios ranging from 0.01x to 20x. The funding rate, a critical component of perpetual futures, will be calculated using a formula that incorporates the average premium index and the interest rate, capped between 1.50% and -1.50%. Funding fees will be settled every 4 hours. However, if the funding rate reaches the cap or floor, the settlement period will adjust to hourly intervals.
The trading hours for the MMT/USDT perpetual futures will be continuous, operating 24/7, aligning with the standard for cryptocurrency markets. OKX has indicated that the price limit rules for MMT futures will mirror those applied to other currency futures available on their platform.
For detailed rules and guidelines, OKX has provided resources through their official documentation. This move to introduce MMT perpetual futures is part of OKX’s ongoing efforts to expand its derivatives offerings and cater to a broader range of trading strategies within the cryptocurrency market.
