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: https://theuselesscoin.com/
Twitter: https://x.com/theuselesscoin
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 product documentation  | 
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: https://newt.foundation/
Twitter: https://x.com/newtfoundation
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 product documentation  | 
Funding fee settlement interval  | 4 hours  | 
Trading hours  | 24/7  | 
OKX team
July 25, 2025