The cryptocurrency landscape continues to evolve, with innovative assets like CELO and GALA gaining traction across decentralized finance (DeFi) and gaming ecosystems. In a significant move to expand trading and investment opportunities, OKX is set to enhance its platform offerings by enabling margin trading, savings products, and USDT-margined perpetual swaps for both CELO and GALA.
Starting at 10:00 AM UTC on September 24, users will gain access to a broader suite of financial tools for these two promising digital assets—available across the OKX web platform, mobile app, and API interface.
👉 Discover how margin and perpetual trading can amplify your crypto strategy today.
Expanded Trading Capabilities: Margin and Savings
With this update, OKX reinforces its commitment to providing advanced trading features that cater to both novice and experienced investors.
Spot Margin Trading Now Live
Spot margin trading will be activated for the following pairs:
- CELO/USDT
- GALA/USDT
This allows traders to borrow funds to increase their position size, potentially magnifying returns—though it's important to remain mindful of associated risks. The tiered margin system ensures flexible borrowing limits based on account equity and risk profile.
For detailed information about margin borrowing tiers—including maximum loan amounts and required collateral ratios—users are encouraged to review the official Margin Borrowing Position Tiers page after listing.
Flexible Savings Options
Holders of CELO and GALA can now grow their holdings through OKX’s Savings program, which offers competitive interest rates on crypto deposits. This feature enables passive income generation without the need for active trading.
While specific yield rates and deposit limits may vary over time, full details will be available in the Business Rules for Savings post-launch.
These enhancements empower users to not only trade but also earn yield on underutilized assets—turning idle tokens into productive capital.
Introducing USDT-Margined Perpetual Swaps
In addition to spot and margin capabilities, OKX is launching USDT-margined perpetual swap contracts for both CELO and GALA. These derivatives offer traders extended flexibility, especially in volatile markets.
CELOUSDT Perpetual Swap Overview
- Underlying Index: CELO/USDT
- Settlement Asset: USDT
- Face Value: 1 CELO
- Price Quotation: Value of 1 CELO in USDT
- Tick Size: 0.0001 USDT
- Leverage Range: 0.01x to 75x
- Funding Rate Mechanism:
Clamp(MA(((best bid + best offer) / 2 - spot index price) / spot index price - interest), -0.75%, 0.75%), where interest = 0 - Trading Hours: 24/7
GALAUSDT Perpetual Swap Overview
- Underlying Index: GALA/USDT
- Settlement Asset: USDT
- Face Value: 10 GALA
- Price Quotation: Value of 1 GALA in USDT
- Tick Size: 0.00001 USDT
- Leverage Range: 0.01x to 75x
Perpetual swaps allow traders to take long or short positions with high leverage, making them ideal for hedging or speculative strategies. Unlike traditional futures, they do not have an expiration date, enabling open-ended positions as long as margin requirements are met.
Special Funding Rate Adjustment During Launch
To ensure market stability during the initial phase, OKX has implemented a temporary adjustment to the funding rate cap:
- From launch until 4:00 PM UTC on September 24, the maximum predicted funding rate will be capped at 0.03%.
- After 4:00 PM UTC, the cap will revert to the standard ±0.75%.
- The first funding fee settlement will occur at 8:00 AM UTC on September 25.
This measure helps prevent excessive volatility and protects traders from unexpectedly high funding charges during the early stages of contract trading.
All standard price limit rules applicable to other USDT-margined perpetual swaps will also apply to CELO and GALA contracts. For comprehensive guidance, users can refer to the OKX USDT Margined Perpetual Swap Trading User Agreement & Guide.
👉 Learn how perpetual swaps can help you capitalize on market movements—up or down.
Frequently Asked Questions (FAQ)
Q: What time will the new features go live?
A: All updates—including margin trading, savings, and perpetual swaps—will go live at 10:00 AM UTC on September 24.
Q: Can I use leverage when trading CELO and GALA?
A: Yes. You can trade both assets with up to 75x leverage via the new USDT-margined perpetual swap contracts.
Q: Is there a difference between spot margin trading and perpetual swaps?
A: Yes. Spot margin allows you to borrow funds to buy more of an asset in the spot market. Perpetual swaps are derivative contracts that let you speculate on price movements using leverage, without owning the underlying asset.
Q: How are funding fees calculated for perpetual swaps?
A: Funding fees are exchanged between long and short positions every 8 hours to keep the contract price aligned with the spot index. The rate is determined by market conditions but is currently capped at ±0.75%.
Q: Can I earn interest on my CELO and GALA holdings?
A: Yes. Once the savings feature is active, you can deposit your CELO and GALA tokens into OKX Savings to earn regular interest payments.
Q: Are there any special risks I should know about?
A: Leverage amplifies both gains and losses. Margin and perpetual trading involve high risk and may result in liquidation if price moves against your position. Always assess your risk tolerance and consider using stop-loss orders.
Why This Matters for Traders and Investors
The integration of CELO and GALA into OKX’s advanced trading ecosystem reflects growing confidence in their long-term potential.
CELO, a blockchain focused on financial inclusion through mobile-first solutions, powers a range of DeFi applications aimed at unbanked populations worldwide. Meanwhile, GALA, the native token of Gala Games, plays a central role in a rapidly expanding play-to-earn gaming universe.
By offering margin trading, savings, and perpetual swaps, OKX provides users with multiple avenues to engage with these projects:
- Traders can leverage price swings.
- Investors can earn yield on holdings.
- Hedgers can protect portfolios against downside risk.
This multi-dimensional approach aligns with modern crypto platform expectations—delivering tools that support diverse strategies within a single interface.
👉 Start exploring new opportunities with CELO and GALA on a trusted global exchange.
Final Thoughts
OKX continues to lead in delivering comprehensive, user-centric financial services in the digital asset space. The addition of margin trading, savings options, and perpetual swaps for CELO and GALA underscores its dedication to innovation and accessibility.
Whether you're looking to amplify your trading strategy with leverage or grow your assets passively through savings, now is an excellent time to explore what’s possible.
Remember: while advanced tools offer greater opportunity, they also come with increased risk. Always conduct thorough research, manage your exposure wisely, and never invest more than you can afford to lose.
Stay informed, stay strategic, and make the most of the evolving crypto economy.