The cryptocurrency landscape continues to evolve rapidly, with new digital assets and trading instruments emerging to meet growing investor demand. One of the latest developments is the introduction of MAJORUSDT trading pairs on OKX, a leading global digital asset exchange. Starting in late November 2024, OKX officially launched support for MAJOR across multiple financial products, including perpetual contracts, leverage trading, and simple earn services, marking a significant milestone for the MAJOR ecosystem.
This multi-product rollout enhances accessibility and utility for MAJOR holders and opens fresh opportunities for traders seeking exposure to this emerging asset. Whether you're an active trader or a passive investor, understanding how to leverage these new offerings can help optimize your strategy in today’s dynamic crypto market.
Expanded Trading Access for MAJOR
OKX has rolled out comprehensive trading support for MAJOR in two major phases:
- Perpetual Contract Launch
On November 28, 2024, at 9:00 PM (UTC+8), OKX introduced the MAJORUSDT perpetual contract across its web, mobile app, and API platforms. This allows traders to go long or short on MAJOR with flexible leverage options. - Leverage & Earn Services Activation
The following day, November 29, at 12:00 PM (UTC+8), OKX enabled leveraged spot trading and simple earn products for MAJOR, further expanding its financial use cases.
These additions reflect OKX’s ongoing commitment to delivering innovative trading tools while supporting promising blockchain projects.
👉 Discover how to start leveraged trading with MAJOR today.
Leveraged Spot Trading: Amplify Your Exposure
Leverage trading enables users to borrow funds to increase their market exposure beyond their initial capital. With MAJOR now supported in USDT-margined leveraged pairs, traders can:
- Borrow USDT or MAJOR to open larger positions
- Take advantage of price movements in both rising and falling markets
- Use tiered borrowing limits based on account level and risk profile
While specific borrowing tiers and margin requirements are subject to change post-launch, they align with OKX’s standardized risk management framework designed to protect users during volatile conditions.
This feature is ideal for experienced traders who understand margin mechanics and wish to enhance capital efficiency when trading MAJOR.
Simple Earn: Passive Income Made Easy
For investors preferring low-risk strategies, OKX’s Simple Earn program offers a seamless way to generate yield on idle MAJOR holdings. By subscribing to flexible or locked-term savings plans, users can earn regular returns without actively managing trades.
Key benefits include:
- High liquidity (for flexible products)
- Predictable APY rates
- Automatic interest accrual
- Minimal entry barriers
Exact allocation limits and interest rates are updated dynamically on the platform, ensuring transparency and competitive returns based on real-time market demand.
MAJORUSDT Perpetual Contract Specifications
The MAJORUSDT perpetual contract provides advanced traders with a powerful tool for speculation and hedging. Below are the core specifications:
- Underlying Index: MAJOR/USDT
- Settlement Currency: USDT
- Contract Value: 1 MAJOR per contract
- Price Quotation: Based on the USDT price of 1 MAJOR
- Minimum Price Increment (Tick Size): 0.0001 USDT
- Leverage Range: 0.01x to 50x
- Trading Hours: 24/7
A critical aspect of perpetual contracts is the funding rate mechanism, which ensures that futures prices stay aligned with the spot market.
Funding Rate Details
The funding fee formula used by OKX is:
Clamp(MA[(Bid + Ask)/2 – Index Price] / Index Price – Interest, -1.5%, 1.5%)
Where:
Interest= 0%- Fees are paid or received every 8 hours
- The clamp function limits fees between -1.5% and +1.5%
To prevent excessive charges during early volatility, OKX implemented a temporary cap:
- Before December 29, 2024, 00:00 UTC+8: Max funding rate capped at 0.03%
- After that time: Returns to standard cap of 1.5%
The first actual funding payment occurred at 08:00 UTC+8 on November 29, 2024.
All other trading rules—such as position limits, liquidation mechanisms, and order types—follow standard USDT-margined perpetual contract policies.
Why This Matters for Traders and Investors
The integration of MAJOR into OKX’s advanced trading suite signals growing confidence in the asset’s potential. By offering perpetual contracts and leverage trading, OKX enables deeper price discovery and increased market depth. Meanwhile, simple earn options cater to long-term believers looking to benefit from holding.
Such multi-layered support often correlates with improved liquidity, tighter spreads, and stronger community engagement—all positive indicators for any digital asset.
👉 Start exploring MAJOR trading opportunities with advanced tools now.
Frequently Asked Questions (FAQ)
Q1: What is a perpetual contract?
A perpetual contract is a type of futures derivative that has no expiration date, allowing traders to hold positions indefinitely. It uses a funding mechanism to keep its price closely tied to the underlying spot market.
Q2: Can I trade MAJOR with leverage on OKX?
Yes. OKX supports both spot margin trading and perpetual contracts with up to 50x leverage on MAJORUSDT pairs.
Q3: When did MAJOR become available on OKX?
The MAJORUSDT perpetual contract launched on November 28, 2024, while leveraged spot trading and simple earn features went live on November 29, 2024.
Q4: How are funding fees calculated?
Fees are derived from the difference between the perpetual contract mid-price and the spot index, adjusted by an interest rate (set to 0%), then clamped between -1.5% and +1.5%. Users either pay or receive fees every 8 hours.
Q5: Is there a risk cap for new contracts?
Yes. To stabilize early market behavior, OKX limited the funding rate to 0.03% until November 29, 2024, 00:00 UTC+8, after which it reverted to the normal cap.
Q6: Where can I find official documentation?
Detailed rules and technical specifications are available in the OKX Perpetual Contract User Guide and Leveraged Token Terms, accessible directly through the OKX platform.
Final Thoughts: A Step Forward for MAJOR
The listing of MAJOR across multiple product lines on OKX represents more than just expanded trading access—it reflects broader adoption and institutional-grade infrastructure support. With robust tools for active traders and passive investors alike, MAJOR now operates within a mature financial ecosystem.
As the crypto market matures, such integrations play a crucial role in determining which assets gain lasting relevance.
👉 Join one of the world’s most advanced crypto platforms to trade and earn with MAJOR.