OKX has announced the updated listing of ME (Magic Eden) for spot trading. Below is the detailed schedule and key trading rules to ensure a smooth experience.
Listing Timeline
- Call Auction for ME will occur from 1:30 pm to 2:00 pm UTC on Dec 10, 2024.
👉 Learn more about call auctions - ME/USDT Spot Trading begins at 2:00 pm UTC on Dec 10, 2024.
- ME Withdrawals open at 3:00 am UTC on Dec 11, 2024.
Spot Trading Opening Rules
To minimize price volatility risks during the initial trading phase, OKX implements the following safeguards for the first 5 minutes:
- Market orders are disabled.
- Limit orders capped at 10,000 USD per transaction.
Restrictions auto-lift after 5 minutes.
Risk Warning
Digital asset trading involves high volatility and speculative risks. Investors may experience total loss of capital. Conduct independent research and assess risk tolerance before trading.
👉 Explore OKX trading policies
FAQs
1. What is a call auction?
A call auction is a pre-trading phase where buy/sell orders are aggregated to determine an equilibrium opening price, reducing initial volatility.
2. Why are market orders restricted initially?
Market orders can exacerbate price swings; limiting them stabilizes early trading.
3. When can I withdraw ME tokens?
Withdrawals open at 3:00 am UTC on Dec 11, 2024.
4. Are there geographic restrictions for trading ME?
Yes, ensure your jurisdiction permits trading ME per local regulations.
For further assistance, contact OKX support via your preferred platform.
Last updated: Dec 10, 2024
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