OKX to list perpetual futures for USELESS, NEWT crypto
We are pleased to announce that USDT-margined perpetual futures for USELESS, NEWT will be enabled at 10:00~10:15 am UTC on July 25, 2025. The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
USELESS/USDT perpetual futures trading will open at 10:00 am UTC on July 25, 2025.
NEWT/USDT perpetual futures trading will open at 10:15 am UTC on July 25, 2025.
II. Perpetual futures trading
USELESS perpetual futures:
USELESS is a Solana-based meme token designed to satirize conventional utility-focused cryptocurrencies.
Full English Name: Useless Coin
Abbreviation: USELESS
Official Website:
Twitter:
Features | Details |
Underlying | USELESS/USDT index |
Settlement crypto | USDT |
Face value | 10 |
Price quotation | 1 USELESS value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-20x |
Funding rate | clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our |
Funding fee settlement interval | 4 hours |
Trading hours | 24/7 |
NEWT perpetual futures:
Newton Protocol aims to establish a secure rollup for AI-driven strategies, automated trading, and a marketplace for AI developers.
Full English Name: Newton Protocol
Abbreviation: NEWT
Official Website:
Twitter:
Features | Details |
Underlying | NEWT/USDT index |
Settlement crypto | USDT |
Face value | 10 |
Price quotation | 1 NEWT value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-50x |
Funding rate | clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our |
Funding fee settlement interval | 4 hours |
Trading hours | 24/7 |
OKX team
July 25, 2025