The cryptocurrency derivatives market continues to expand, offering traders more opportunities to hedge, speculate, and diversify their portfolios. In line with this trend, OKX has announced the launch of two new USDT-margined delivery contracts: XRPUSDT and ETCUSDT. These additions enhance the platform’s growing suite of derivative products, providing users with increased flexibility and exposure to key digital assets.
Starting at 15:00 HKT on December 4, traders can access these new contracts with competitive leverage, round-the-clock trading, and transparent settlement mechanisms. This move strengthens OKX’s position as a leading crypto derivatives exchange by broadening its asset coverage and improving trading efficiency for both retail and institutional participants.
XRPUSDT Delivery Contract Overview
The XRPUSDT contract is designed to mirror the performance of the XRP/USDT index, enabling traders to gain direct exposure to Ripple’s native cryptocurrency against the widely adopted Tether (USDT) stablecoin.
Key Features
- Underlying Asset: XRP/USDT Index
- Settlement Currency: USDT
- Contract Size: 1 XRP per contract
- Leverage Range: 0.01x to 33.3x (enabling both conservative and high-leverage strategies)
- Price Quotation: Based on the USDT value of 1 XRP
- Tick Size: 0.0001 USDT (ensuring precise price movements and tight spreads)
- Trading Hours: 7 days a week, 24 hours a day
- Contract Types Available: Weekly, Bi-weekly (next week), and Quarterly
- Delivery Time: 16:00 HKT every Friday during the contract week
- Daily Settlement Time: 16:00 HKT
This structure allows for seamless integration into automated trading systems and supports scalping, swing trading, and hedging strategies across different timeframes.
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ETCUSDT Delivery Contract Specifications
The ETCUSDT delivery contract offers exposure to Ethereum Classic (ETC), a well-established blockchain in the decentralized ecosystem. With increasing interest in proof-of-work alternatives, this contract provides timely access to ETC’s price action with full transparency.
Core Parameters
- Underlying Asset: ETC/USDT Index
- Settlement Currency: USDT
- Contract Size: 0.1 ETC per contract (making it accessible even at higher ETC prices)
- Leverage Range: 0.01x to 33.3x
- Price Quotation: Based on the USDT value of 1 ETC
- Tick Size: 0.001 USDT (slightly larger than XRP due to volatility profile)
- Trading Hours: 24/7
- Contract Types: Weekly, Next Week, Quarterly
- Delivery Time: 16:00 HKT on the Friday of the expiry week
- Daily Settlement Time: 16:00 HKT
By offering fractional contract sizes and tight tick increments, OKX ensures that traders of all levels can participate efficiently in the ETC market without excessive capital requirements.
Why USDT-Margined Contracts Matter
Stablecoin-margined contracts have become the standard in modern crypto trading due to their stability, simplicity, and global accessibility. Unlike coin-margined contracts, which settle in the base cryptocurrency (e.g., receiving XRP after closing a long), USDT-margined contracts settle in a stable asset—reducing volatility risk upon exit.
Advantages Include:
- Predictable P&L: Profits and losses are calculated in USDT, making performance tracking easier.
- No Exposure to Base Coin Post-Trade: Traders avoid unwanted holdings in volatile assets after closing positions.
- Wider Accessibility: Especially beneficial for traders in regions where direct crypto withdrawals are restricted.
- Easier Hedging: Institutions can hedge spot positions without increasing exposure to additional crypto assets.
These benefits make USDT-margined delivery contracts ideal for both short-term speculators and long-term risk managers.
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Expanding Derivatives Ecosystem
OKX has already established strong offerings with delivery contracts for major assets like BTC, ETH, EOS, LTC, and BCH. The addition of XRP and ETC reflects growing demand for alternative cryptocurrencies in the derivatives space.
Upcoming plans include launching contracts for other prominent tokens such as TRX and BSV, further diversifying the platform’s portfolio. Additionally, mobile app support for these features is expected soon, allowing traders to manage positions on the go with full functionality.
This strategic expansion underscores OKX’s commitment to delivering comprehensive, user-centric financial products that meet evolving market needs.
Frequently Asked Questions (FAQ)
Q: What is a USDT-margined delivery contract?
A: It's a futures contract where margin and profits are denominated in USDT. The contract expires on a set date, and positions are settled in USDT based on the underlying index price.
Q: When does the XRPUSDT contract expire?
A: Depending on the type selected—weekly, bi-weekly, or quarterly—the contract expires every Friday at 16:00 HKT during its respective expiry week.
Q: Can I trade these contracts on mobile?
A: While currently optimized for desktop use, mobile trading support is scheduled for release in the near future.
Q: How is the settlement price determined?
A: The settlement price is based on the average index price over a predefined period before delivery time, ensuring fairness and resistance to manipulation.
Q: Is there a minimum trade size?
A: There is no fixed minimum beyond the contract size (1 XRP or 0.1 ETC), but users must maintain sufficient margin based on leverage used.
Q: Why choose delivery contracts over perpetual swaps?
A: Delivery contracts are ideal for traders with specific time horizons or hedging needs, as they avoid funding fees and have a clear expiration date.
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Final Thoughts
The introduction of XRPUSDT and ETCUSDT delivery contracts marks a significant step forward in democratizing access to alternative cryptocurrency derivatives. With flexible leverage, stablecoin settlement, and continuous trading windows, OKX empowers traders to navigate volatile markets with greater control and precision.
As the digital asset landscape evolves, platforms that offer depth, reliability, and innovation will lead the way. OKX continues to demonstrate leadership by expanding its product range while maintaining robust risk management standards.
Whether you're an experienced trader or exploring derivatives for the first time, these new contracts open fresh avenues for strategic positioning in the dynamic world of crypto finance.
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