Pre-market Futures

You can trade new crypto before their official launch. Get early access to top-tier crypto with 2x leverage.
Available crypto
Stay tuned for upcoming crypto
Check back soon for opportunities to participate in our new pre-market projects.
How it works
Trade early, settle easily, and reap the rewards of early access.
1. Pre-market period
1. Pre-market period
Pre-market futures are USDT-margined expiry futures that let you profit from price fluctuations by going long or short.
2. Futures delivery
2. Futures delivery
Pre-market futures will be delivered at a specified price on the delivery date, which will be announced by OKX once determined.
3. Spot listing
3. Spot listing
The pre-market futures don’t guarantee that the crypto will eventually be listed on the spot trading. Refer to OKX announcements for specific listing details.
FAQ
What is pre-market futures?
OKX Pre-market Futures allows you to trade expiry futures on crypto that have not yet been officially listed. These pre-market futures are USDT-margined and are usually delivered before the new crypto is listed on the spot market.
How is the delivery price determined?
1. If the new crypto is issued as planned and will be listed on the OKX spot market:
• Index price: OKX will include prices from more than 3 mainstream exchanges as part of the index components.
• Delivery price: OKX will deliver futures positions at the arithmetic average price of the corresponding OKX index price timed at 1 hour prior to the delivery. If the traded price displays abnormalities in the hour preceding the delivery, OKX may adjust the final delivery price to a reasonable level for delivery.

2. If the crypto project team cancels the crypto issuance or no issuance plan is announced within six months, or if OKX decides not to list the crypto on the spot market for other risk control reasons:
• Actual delivery price = Tick size.
• Estimated delivery price = Rolling average index price over the last hour before delivery, calculated every 200 milliseconds (Index price = Last price every 200 milliseconds).
• OKX reserves the right to include prices from other exchanges as part of the index components.
What is the delivery date for pre-market futures?
1. If the new crypto is issued as planned and will be listed on the OKX spot market, pre-market futures will settle 3 hours after the crypto is listed on the spot market. The specific delivery date will be announced separately.

2. If the crypto project team cancels the crypto issuance or OKX identifies other risk control issues with the project, the futures may be delisted early. The specific delivery date will be announced separately.

3. For API users: The expTime field in the instruments API will return the delivery date. The delivery date can be changed, so API users should monitor the expTime field through push or periodic query interfaces.
Will pre-market futures affect the subsequent listing price on OKX?
Prices in the pre-market futures are determined by market behavior and may not accurately reflect the actual listing price of the new crypto. While pre-market futures may reflect market expectations, the listing price may be influenced by other factors and does not have a direct correlation with pre-market futures prices.
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