The cryptocurrency landscape continues to evolve, offering traders and investors more sophisticated tools to optimize their strategies. OKX, a leading digital asset exchange, has expanded its financial product suite with the introduction of COMP leverage trading, COMP savings options, and the COMPUSDT perpetual contract. These new offerings empower users with greater flexibility in exposure to Compound (COMP), one of the foundational assets in the decentralized finance (DeFi) ecosystem.
This update marks a significant step forward in OKX’s mission to deliver comprehensive, user-centric trading solutions across spot, margin, derivatives, and yield-generating services—all designed to meet the growing demand for DeFi-related financial instruments.
Enhanced Access to COMP Through Leverage Trading and Savings
Starting June 30, 2020, OKX officially launched COMP leveraged trading pairs against both USDT and BTC on its web, mobile app, and API platforms. This enables traders to gain amplified exposure to COMP price movements using borrowed funds, increasing potential returns—while also requiring careful risk management.
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Key Features of COMP Leverage Trading
- Dual trading pairs: COMP/USDT and COMP/BTC margin markets are now available.
- Flexible borrowing tiers: Users can access varying loan amounts based on account tier and collateral levels. For full details on margin borrowing limits and position tiers, refer to the platform’s margin guidelines post-launch.
- Risk-aware design: The system supports dynamic adjustments to borrowing capacity and liquidation thresholds depending on market volatility and user equity.
In parallel, OKX introduced COMP savings through its "Savings" program (formerly known as "余币宝"). This feature allows holders to earn interest on idle COMP balances by lending them into the platform’s margin funding pool. Interest rates are variable and determined by real-time supply and demand dynamics within the lending market.
This dual approach—offering both trading leverage and passive income opportunities—caters to diverse investor profiles: active traders seeking short-term gains and long-term holders looking to maximize asset utility.
Introduction of the COMPUSDT Perpetual Contract
On July 1, 2020, OKX rolled out the COMPUSDT perpetual futures contract, providing a powerful tool for hedging, speculation, and portfolio diversification. Unlike traditional futures, perpetual contracts have no expiry date, allowing positions to be held indefinitely as long as margin requirements are met.
Why Perpetual Contracts Matter
Perpetual swaps have become the go-to instrument for advanced crypto traders due to their flexibility, high liquidity, and funding rate mechanisms that keep prices aligned with the underlying index.
Contract Specifications
- Underlying Index: COMP/USDT
- Settlement Currency: USDT (stablecoin-denominated)
- Contract Size: 0.1 COMP per contract
- Price Quotation: Based on the USD value of 1 COMP
- Minimum Price Increment (Tick Size): $0.01
- Leverage Range: 1x to 20x (adjustable based on position size and risk settings)
- Trading Hours: 24/7, including weekends and holidays
- Settlement Time: Daily at 16:00 HKT (Hong Kong Time)
- Funding Rate Mechanism:
Calculated using the formula:Clamp(MA(((Bid + Ask)/2 - Index Price)/Index Price - Interest), -0.3%, 0.3%)
Where Interest = 0%. This ensures fair alignment between spot and contract prices without excessive drift.
All standard perpetual contract rules—such as limit order execution, stop-loss/take-profit triggers, and liquidation procedures—apply consistently with other USDT-margined products on OKX.
⚠️ System Maintenance Notice: During the initial rollout of the COMPUSDT contract, all USDT-margined and coin-margined perpetual contracts (excluding BTC and ETC) were temporarily paused from 15:00 to 15:10 HKT on July 1, 2020. This brief downtime affected trading functions including order placement, closing positions, margin top-ups, and fund transfers across all platforms (web, app, desktop, API). Read-only functions remained accessible.
Users were advised to manage open positions proactively during this window by adjusting leverage or securing additional margin to avoid forced liquidations due to potential volatility.
Competitive Fee Structure to Boost Market Liquidity
To encourage deeper market participation and incentivize liquidity provision, OKX implemented a revised fee model for non-core perpetual contracts—including the new COMPUSDT pair.
Maker-Taker Fee Incentives
For perpetual contracts outside the nine major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX), OKX enhanced rebates for makers while slightly increasing taker fees:
| User Tier | Maker Fee | Taker Fee |
|---|---|---|
| Standard (Lv1–Lv5) | Up to -0.005% | From 0.060% |
| VIP1–VIP7 | Up to -0.035% | Fixed at 0.060% |
🔍 Note: Maker fees are negative ("rebates") when users provide liquidity by placing limit orders that don’t immediately fill.
This structure rewards active market makers who help tighten spreads and improve trade execution quality. Higher-tier users—including VIPs with substantial 30-day trading volume—receive increasingly favorable rates, promoting sustained engagement.
The nine flagship perpetual contracts maintain their original fee schedules unchanged.
Frequently Asked Questions (FAQ)
Q: What is COMP leverage trading?
A: COMP leverage trading allows users to borrow funds (in USDT or BTC) to open larger positions than their current balance would permit. It amplifies both potential profits and losses, so risk management is essential.
Q: Can I earn interest on my idle COMP holdings?
A: Yes. By depositing COMP into the OKX Savings program, you can earn variable interest generated from lending your assets to margin traders.
Q: When did the COMPUSDT perpetual contract go live?
A: The contract officially launched on July 1, 2020, at 15:00 HKT on all OKX platforms.
Q: Why was there a temporary trading halt during the launch?
A: A brief 10-minute pause was necessary to ensure smooth integration of the new contract into the trading engine and prevent technical disruptions.
Q: How is the funding rate calculated for COMPUSDT?
A: It’s based on the difference between the mid-price of the contract and the spot index price, capped between -0.3% and +0.3%, ensuring price convergence without extreme swings.
Q: Are there different fees for COMPUSDT compared to major coins like BTC?
A: Yes. To boost liquidity, COMPUSDT offers improved maker rebates (-0.020%) but slightly higher taker fees (+0.030%) compared to core assets.
Maximize Your DeFi Exposure With Advanced Tools
With the addition of COMP-related products across multiple financial verticals—margin trading, yield generation, and perpetual derivatives—OKX reinforces its position as a full-service digital asset platform tailored for both novice and professional users navigating the DeFi space.
Whether you're looking to speculate on COMP’s price movement with leverage or earn passive returns through savings, OKX provides a secure, regulated environment backed by robust infrastructure.
👉 Start exploring advanced crypto trading tools today
The integration of these services reflects broader industry trends toward interconnected financial ecosystems where capital efficiency, cross-product synergy, and user empowerment converge.
As DeFi continues to mature, platforms like OKX play a crucial role in bridging traditional trading frameworks with next-generation blockchain innovations—delivering accessible pathways to participate in tomorrow’s financial systems.
Final Notes
All features discussed—including COMP leveraged pairs, savings options, and the COMPUSDT perpetual swap—are now fully operational. Users are encouraged to review risk parameters, funding schedules, and fee tiers directly within their OKX accounts for real-time data.
OKX remains committed to expanding its product suite with user needs in mind—offering innovative solutions that combine performance, security, and ease of use in one unified platform.