Cryptocurrency exchange OKX has announced the introduction of USDT-margined perpetual futures for DASH and Zcash (ZEC), set to go live on November 6, 2025. This new offering will be accessible via the OKX web and app platforms, as well as through their API, providing users with more trading options, according to OKX.
The trading of DASH/USDT perpetual futures is scheduled to commence at 3:00 am UTC, followed by ZEC/USDT at 3:15 am UTC on the same day. These perpetual futures will allow traders to leverage their positions up to 50x, providing a wide range of trading strategies.
The perpetual futures for both DASH and ZEC will be settled in USDT, with a face value of 0.01. The price quotation will be calculated based on the USDT equivalent value of 1 DASH or 1 ZEC, with a tick size of 0.01. Trading will be available 24/7, offering flexibility for global traders.
The funding rate for these perpetual futures will be determined by a formula that includes the average premium index and interest rate, clamped between 1.50% and -1.50%. The funding fee will be settled every four hours; however, should the funding rate reach its cap or floor, the settlement period will automatically adjust to an hourly basis.
OKX has detailed the specifics of these trading features in their product documentation, which provides further insights into the calculation methods and trading mechanics.
This move by OKX to list perpetual futures for DASH and ZEC is part of a broader trend among cryptocurrency exchanges to offer more derivative products. Such offerings can potentially boost trading volume and liquidity for the underlying assets, providing traders with more tools to manage risk and speculate on price movements.
As the market continues to mature, exchanges like OKX are increasingly diversifying their product offerings to cater to the evolving needs of traders and investors. The introduction of perpetual futures for DASH and ZEC reflects this ongoing expansion, aiming to attract a broader user base interested in leveraging advanced trading instruments.
