- OKX launches USELESSUSDT and NEWTUSDT futures contracts.
- New perpetual contracts enhance trading opportunities.
- Increased market volatility expected in response.
OKX, a leading global cryptocurrency exchange, launched perpetual futures contracts for USELESSUSDT and NEWTUSDT on July 25, 2025, at 6:00 PM and 6:15 PM (UTC+8) respectively.
The launch expands OKX’s derivative offerings, potentially increasing trading volume by introducing new speculative opportunities specifically targeting retail and institutional investors in the volatile cryptocurrency market.
Introduction to New Perpetual Contracts
On July 25, 2025, OKX officially launched perpetual futures contracts for USELESSUSDT and NEWTUSDT. This initiative was introduced at notable intervals of 6:00 PM and 6:15 PM (UTC+8), respectively. For more details, refer to OKX to list perpetual futures for Useless Newt crypto.
OKX, a leading cryptocurrency exchange, deployed these contracts with no public statements from its key executives. The absence of comments from the core teams of USELESS and NEWT also highlights the unusual discretion. Here’s what we know:
There were no notable quotes found from Hong Fang, CEO of OKX, CTO or other C-suite executives of OKX, project founders or core developers of USELESS or NEWT, nor major crypto figures regarding this launch.
Expansion of Derivatives Market
OKX’s move expands its derivatives markets, providing speculative options for traders. These listings introduce new volatile trading opportunities owing to the leverage facilitated by perpetual contracts.
The addition of these contracts is significant for retail and institutional investors. However, no direct effect is observed on major assets like ETH and BTC, maintaining market stability for larger cryptocurrencies.
No Release of Funding Details
No funding or investment details were shared in connection with this launch. OKX has emphasized caution around high volatility linked to meme coins such as USELESS and DeFi projects like NEWT.
This launch aligns with OKX’s pattern of listing speculative tokens, often leading to spikes in trading volume. Historical trends suggest potential volume increases but likely without longer-term impacts on dominant cryptocurrencies.
