OKX to List Perpetual Futures for WAL, NIL, PLUME Crypto

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Starting on May 8, 2025, OKX will officially launch USDT-margined perpetual futures contracts for three promising digital assets: WAL (Walrus), NIL (Nillion), and PLUME (Plume). These additions expand OKX’s growing suite of crypto derivatives, offering traders enhanced opportunities to engage with innovative blockchain projects shaping decentralized storage, AI integration, and real-world asset tokenization.

The new perpetual futures will be available across all platforms—web, mobile app, and API—ensuring seamless access for both retail and institutional traders. Below is a detailed breakdown of the listing schedule, contract specifications, and key features.

🔜 Listing Schedule

Trading for each perpetual futures contract will go live in staggered intervals to ensure smooth market onboarding:

All times are based on Coordinated Universal Time (UTC). Traders are encouraged to prepare their strategies ahead of these openings to capitalize on early market movements.

📊 Perpetual Futures Overview

Perpetual futures are among the most popular instruments in crypto trading due to their flexibility, leverage options, and absence of expiry dates. The newly listed WAL, NIL, and PLUME contracts follow standard USDT-margined structures, enabling precise risk management and hedging capabilities.

Let’s explore each asset and its corresponding futures contract in detail.

WAL/USDT – Walrus Network

Walrus is a decentralized data storage network designed to handle large-scale content such as videos, audio files, images, and extensive text documents. By leveraging a distributed architecture, Walrus aims to provide censorship-resistant, scalable, and cost-effective storage solutions for Web3 applications.

👉 Discover how decentralized storage fuels the next generation of digital innovation.

Contract Specifications:

NIL/USDT – Nillion Network

Nillion is a permissionless decentralized network focused on secure data storage and private computation. It enables AI models and blockchain protocols to process sensitive data without exposing raw information—making it ideal for privacy-centric use cases in finance, healthcare, and machine learning.

With support for up to 50x leverage, NIL/USDT offers one of the highest leverage options among the new listings, appealing to experienced traders seeking amplified exposure.

Contract Specifications:

PLUME/USDT – Plume Blockchain

Plume is an EVM-compatible public blockchain built to accelerate the tokenization and integration of real-world assets (RWAs), including real estate, invoices, bonds, and intellectual property. By simplifying compliance and user onboarding, Plume lowers barriers for traditional finance participants entering the Web3 space.

Its infrastructure supports fast finality and low transaction costs—key advantages for high-frequency trading and asset management.

Contract Specifications:

⚠️ Special Funding Fee Rules at Launch

To protect traders from excessive volatility during initial price discovery, OKX has implemented temporary funding fee caps for all three contracts:

The maximum predicted funding fee will be capped at 0.5% until 4:00 PM UTC on May 8, 2025. After this time, the cap reverts to the standard limit of 1.5%.

The first funding fee will be settled at 8:00 PM UTC on May 8, 2025. Please note that if significant deviations occur between spot and futures prices, OKX may adjust the funding cap dynamically based on market conditions.

This safeguard helps maintain fair pricing and minimizes the risk of abnormal liquidations during early trading sessions.

🔍 Why Trade WAL, NIL, and PLUME?

These three assets represent emerging frontiers in blockchain innovation:

👉 See why real-world asset tokenization is reshaping global finance.

As institutional interest in RWAs and AI-driven blockchains grows, early participation through leveraged derivatives can offer strategic advantages.

Additionally, all contracts use USDT as collateral, reducing currency risk and improving liquidity alignment with major trading pairs.

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❓ Frequently Asked Questions (FAQ)

Q: When do WAL, NIL, and PLUME perpetual futures go live?

A: WAL/USDT opens at 7:00 AM UTC, NIL/USDT at 7:15 AM UTC, and PLUME/USDT at 7:30 AM UTC on May 8, 2025.

Q: What is the maximum leverage available?

A: NIL offers up to 50x leverage; WAL and PLUME offer up to 20x.

Q: Are there any special rules during the launch phase?

A: Yes—the funding fee is capped at 0.5% until 4:00 PM UTC on May 8, then returns to the standard cap of 1.5%.

Q: How often are funding fees charged?

A: Every 4 hours, with the first settlement at 8:00 PM UTC on May 8.

Q: Can I trade these contracts via API?

A: Yes—full API support is available at launch across all platforms.

Q: Is there a price limit mechanism?

A: Yes—standard price band rules apply, consistent with other USDT-margined perpetuals on OKX.

👉 Start trading tomorrow’s leading crypto innovations today—access advanced derivatives tools now.

By listing WAL, NIL, and PLUME perpetual futures, OKX continues to empower traders with early access to transformative blockchain ecosystems. Whether you're hedging positions or speculating on adoption trends, these instruments provide versatile exposure to cutting-edge sectors within the decentralized economy.