Major exchange OKX has launched a pre-market futures product, featuring the highly anticipated HMSTR token from the viral game Hamster Kombat. This initiative allows traders to speculate on cryptocurrencies before their official spot market listings, fostering early price discovery.
Key Features of OKX’s Pre-Market Futures
- Early Access: Trade expiring futures on upcoming tokens.
- USDT-Margined: Settled in Tether for liquidity.
- Price Discovery: Helps establish initial market values for new tokens.
Lennix Lai, OKX’s Global Chief Commercial Officer, emphasized:
"Our robust risk engine supports price discovery for early-stage tokens, making crypto trading more accessible and efficient."
Why Hamster Kombat?
Hamster Kombat, a Telegram-based "tap-to-earn" game, has garnered 142 million users in 77 days, setting records in crypto gaming. However, its rapid growth has attracted regulatory scrutiny:
- Russia: Suspected of being a "pyramid scheme."
- Iran: Labeled a "soft war" tool by authorities.
Note: OKX clarifies that pre-market listing doesn’t guarantee future spot trading availability.
Market Context
- Bybit listed HMSTR pre-market weeks earlier, signaling growing demand for early token exposure.
- P2E Boom: Games like Hamster Kombat are driving Web3 adoption in regions like Nigeria.
How Delivery Prices Are Calculated
For tokens listed on OKX’s spot market:
- Actual Price: Average index price over the last hour before delivery (updated every 200ms).
- Estimated Price: Rolling average provided for trader reference.
Caution: Pre-market prices reflect trader sentiment, not guaranteed listing values.
FAQ
Q1: What are pre-market futures?
A1: Contracts allowing trading of tokens before official spot listings, expiring pre-launch.
Q2: Is HMSTR guaranteed to list on OKX’s spot market?
A2: No. Pre-market trading doesn’t imply future spot listing.
Q3: Why is Hamster Kombat controversial?
A3: Rapid user growth and regulatory concerns (e.g., pyramid scheme allegations in Russia).
Q4: How do OKX’s pre-market futures compare to Bybit’s?
A4: Both offer early access, but OKX emphasizes USDT margining and proprietary price calculation.
👉 Explore crypto innovations on OKX
Disclaimer: Trading pre-market futures involves high risk due to regulatory and market uncertainties.
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