The cryptocurrency landscape continues to evolve, offering traders and investors more tools to diversify their strategies. In a significant move to enhance its product suite, OKX has officially launched leveraged trading, savings services, and perpetual contracts for BNT (Bancor) and EGLD (MultiversX). These new offerings are now available across the OKX web platform, mobile app, and API, empowering users with greater flexibility in managing their digital asset portfolios.
This expansion reflects OKX’s ongoing commitment to delivering innovative financial instruments that meet growing market demand. Whether you're an experienced trader or just beginning to explore advanced crypto trading options, this update opens up new opportunities for yield generation, risk hedging, and speculative positioning.
Leveraged Trading and Savings for BNT and EGLD
Starting from December 22, 2020, at 15:00 HKT, OKX introduced margin trading for both BNT and EGLD against two major base pairs: USDT and BTC. This allows traders to amplify their exposure using borrowed funds, enabling them to take larger positions than their current balance would permit.
👉 Discover how leveraged trading can enhance your market strategy today.
Key Features of Margin Trading:
- Dual trading pairs: BNT/USDT, BNT/BTC, EGLD/USDT, and EGLD/BTC are all supported.
- Flexible leverage tiers: Users can access varying levels of borrowing power based on account equity and risk profile. Detailed margin tier information is available directly on the platform under the margin position guidelines.
- Risk management: The system enforces dynamic maintenance margins and liquidation mechanisms to help protect users during volatile market conditions.
In addition to leveraged trading, OKX also rolled out Savings services for BNT and EGLD. Through the Earn (formerly "Residual Coin Treasure") program, users can deposit idle holdings of these tokens and earn competitive interest rates over time.
This passive income option is ideal for long-term holders who want to maximize returns without actively trading. Interest accrual begins the day after deposit, with flexible redemption terms depending on the asset and plan type. Available savings quotas may vary by token and are subject to real-time availability on the platform.
BNTUSDT and EGLDUSDT Perpetual Contracts
OKX has also launched USDT-margined perpetual swap contracts for BNT and EGLD, providing traders with a powerful tool for directional bets and hedging strategies without expiration dates.
BNTUSDT Perpetual Contract Overview:
- Underlying Index: BNT/USDT
- Settlement Currency: USDT
- Contract Size: 10 BNT per contract
- Price Quotation: Based on the USDT price of 1 BNT
- Tick Size: 0.0001 USDT
- Leverage Range: 0.01x to 75x
- Funding Rate Mechanism:
Clamp(MA(((Bid + Ask)/2 - Spot Index Price)/Spot Index Price - Interest), -0.75%, 0.75%), where Interest = 0 - Trading Hours: 24/7
- Settlement Time: Daily at 16:00 HKT
EGLDUSDT Perpetual Contract Overview:
- Underlying Index: EGLD/USDT
- Settlement Currency: USDT
- Contract Size: 0.1 EGLD per contract
- Price Quotation: Based on the USDT price of 1 EGLD
- Tick Size: 0.01 USDT
- Leverage Range: 0.01x to 75x
- Funding Rate Mechanism: Same as above
- Trading Hours: 24/7
- Settlement Time: Daily at 16:00 HKT
Note: To prevent unfair funding charges during initial volatility, the funding rate cap was temporarily set at 0.03% until December 22, 2020, 24:00 HKT. After that time, it reverted to the standard ±0.75% range.
These contracts follow the same limit order rules and risk parameters as other USDT-margined perpetuals on OKX, ensuring consistency across products. For full details, users can refer to the official OKX Perpetual Swap Trading User Agreement.
Zero-Fee Promotion for Perpetual Contracts
To encourage adoption and lower entry barriers, OKX implemented a one-month zero-fee trading promotion for both BNTUSDT and EGLDUSDT perpetual contracts. During this period:
- Maker and Taker fees are set to 0.00% for all user levels.
- Trades executed in the zero-fee zone do not count toward tiered volume-based fee discounts.
This limited-time offer gives traders the chance to test new markets with reduced cost exposure, ideal for refining strategies or experimenting with high-frequency setups.
👉 Take advantage of zero-fee trading and start building your next strategy now.
Core Keywords Integration
Throughout this update, several key themes emerge that align with current search intent in the crypto community:
- BNT trading
- EGLD leverage
- Perpetual contracts
- Crypto savings
- Margin trading
- USDT-margined swaps
- OKX derivatives
- Passive income crypto
These keywords have been naturally integrated into headings, explanations, and feature descriptions to improve SEO visibility while maintaining readability and relevance.
Frequently Asked Questions (FAQ)
Q: When did BNT and EGLD become available for margin trading on OKX?
A: BNT and EGLD were added to the margin trading lineup on December 22, 2020, at 15:00 HKT.
Q: Can I use BTC as collateral for EGLD margin trades?
A: Yes, OKX supports both USDT and BTC as quote currencies for leveraged positions in BNT and EGLD.
Q: Are there any restrictions on withdrawing BNT or EGLD from savings?
A: Withdrawals are generally allowed after the initial interest accrual period, but specific lock-up durations may apply depending on the savings plan selected.
Q: How is the funding rate calculated for these perpetual contracts?
A: It’s based on the difference between the mid-price of the contract and the spot index price, smoothed via moving average, with a clamp between -0.75% and +0.75%.
Q: Does zero-fee trading affect my VIP level progress?
A: No. Trading volume generated during the zero-fee promotion does not contribute to your qualifying volume for VIP tier upgrades.
Q: Where can I find real-time data on available margin tiers?
A: Visit the margin section on OKX’s platform under "Position" > "Margin" for up-to-date borrowing limits and tier requirements.
Final Thoughts
The introduction of BNT and EGLD into OKX’s ecosystem of leveraged products, savings plans, and perpetual contracts marks a strategic step toward broader market inclusivity. By supporting emerging protocols like Bancor and MultiversX, OKX reinforces its position as a leading platform for next-generation digital assets.
Whether you're looking to earn yield on idle tokens or deploy sophisticated trading strategies with high leverage, these tools provide actionable pathways to achieve your financial goals.
👉 Begin exploring BNT and EGLD trading features on a trusted global platform.