We are excited to announce the listing of BABY (Babylon) on OKX's spot trading market. Please note the following details:
Listing Schedule
- Initial Phase: BABY trading begins on April 9, 2025, at 19:00 WIB.
- Auction Period: Runs from April 10, 2025, 16:15 WIB to 17:15 WIB.
- Spot Trading Launch: BABY/USDT trading starts on April 10, 2025, at 17:15 WIB.
- Secondary Phase: Resumes on April 11, 2025, at 17:00 WIB.
👉 Join the Trading Campaign to earn a share of the $700,000 BABY Prize Pool.
Spot Market Risk Control Rules
Order Limits
To protect investors from market volatility during new coin listings, OKX implements the following restrictions for the first 5 minutes after spot trading begins:
- Market orders: Not allowed.
- Limit orders: Maximum $10,000 per order.
- Net position limit: $10,000 per user.
Restrictions lift 5 minutes post-launch.
Price Limit Rules
For newly listed cryptos without stable index pricing, OKX uses a closing-price-based limit rule. Once stable index pricing is available, index-based limits apply.
Closing-Price-Based Limit Calculation
| Phase | Maximum Bid Price | Minimum Ask Price |
|-------|--------------------|--------------------|
| First minute post-listing | Auction start price × (1 + H) | No limit |
| Minute 1 to N (until index available) | Previous minute’s closing price × (1 + H) | No limit |
| After minute N | No limit | No limit |
Index-Based Limit Calculation
| Phase | Maximum Bid Price | Minimum Ask Price |
|-------|--------------------|--------------------|
| First 10 minutes post-listing | Index × (1 + X) | Index × (1 – X) |
| After 10 minutes | Min[Max(Index, Index × (1 + Y) + 2-minute average premium), Index × (1 + Z)] | Max[Min(Index, Index × (1 – Y) + 2-minute average premium), Index × (1 – Z)] |
OKX may adjust parameters (N, H, X, Y, Z) or modify limit rules based on market conditions without prior notice.
Auction Start Mechanism
The BABY/USDT spot listing will use a 1-hour auction period. Key features:
- Submit buy/sell orders at desired prices before official trading begins.
- Order value cap: 50,000 USDT per user during the auction.
- Final 5 minutes: Orders cannot be canceled/modified.
Post-auction, OKX displays the project team’s suggested opening price for charting purposes (informational only; does not affect order execution).
Project Introduction: Babylon
Babylon is a Bitcoin staking protocol bridging Bitcoin’s security with crypto ecosystems.
- Asset Name: Babylon
- Ticker: BABY
👉 Track Babylon’s Price for real-time updates.
Pre-Market Futures Delivery
1. Delivery Timeline
Futures contracts deliver ~3 hours after spot listing. Delivery price calculates 2–3 hours post-listing.
2. Delivery Price
- Index Price: Aggregated from ≥3 major exchanges.
- Final Price: Arithmetic mean of OKX’s index price 1 hour pre-delivery. Abnormalities may trigger adjustments.
Restriction: Users with >$10,000 in BABYUSDT futures positions cannot transfer assets out for 30 minutes post-delivery.
3. Settlement Fee
1% (adjustable per announcements).
4. Price Limits
- Pre-delivery: Bid/ask ±15% of 1-hour average midpoint.
- 60 minutes pre-delivery: Bid/ask ±5% of index price.
Midpoint = (Highest Bid + Lowest Ask) / 2. Limits update每分钟.
Deposit USDT
Fund your account with USDT to prepare for BABY/USDT trading:
Risk Warning: This content includes third-party information for informational purposes only. OKX does not guarantee accuracy. Crypto trading is speculative and high-risk—investors may lose their entire investment. Conduct independent research and assess risk tolerance.
For questions, contact OKX Support via Help Center.
OKX Team
April 9, 2025
FAQs
Q1: When does BABY spot trading start?
A: April 10, 2025, at 17:15 WIB.
Q2: What are the order limits during listing?
A: $10,000 max per limit order and net position for the first 5 minutes.
Q3: How is the futures delivery price determined?
A: Based on the 1-hour pre-delivery index price average.
Q4: Can I cancel orders during the auction’s final 5 minutes?
A: No—orders become immutable.
Q5: What’s the settlement fee for futures?
A: 1% (subject to change).
Q6: Where can I track BABY’s price?
A: Use OKX’s market tracker.
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4. **Tables**: Formatted for readability (closing-price/index rules).