The cryptocurrency ecosystem continues to expand, with innovative digital assets gaining momentum across global trading platforms. One such asset, The Open Network (TON), has recently taken a significant step forward with its integration into advanced trading products on one of the world’s leading crypto exchanges — OKX. Starting December 28, 2022, at 15:00 HKT, OKX officially launched TON/USDT leveraged trading, TON savings via Earn (formerly known as “Yu Bibao”), and the TONUSDT perpetual contract across its web, mobile app, and API platforms.
This move underscores OKX's commitment to expanding access to high-potential blockchain projects while offering users more sophisticated tools for exposure, risk management, and yield generation around emerging digital currencies.
Enhanced Access to TON Through Leveraged Trading
Leveraged trading allows investors to amplify their market exposure by borrowing funds, enabling greater profit potential — though it also increases risk. With the introduction of TON/USDT leveraged pairs, traders can now go long or short on TON using USDT as collateral, opening up new strategic possibilities in both bullish and bearish markets.
Key features include:
- Support for USDT-margined leveraged trading
- Multi-tiered borrowing tiers based on account equity and risk level
- Dynamic loan limits and margin requirements adjustable according to market volatility
Users are encouraged to review the updated margin borrowing tier guidelines upon launch to understand position size limitations and associated risks. Proper risk management is essential when utilizing leverage, especially during periods of high volatility.
👉 Discover how leveraged trading can enhance your crypto strategy
Grow Your Holdings with TON Savings (Earn)
For users seeking passive income opportunities, OKX has introduced TON savings products under its Earn platform. This enables holders to deposit their TON tokens and earn competitive yields over time — turning idle assets into income-generating resources.
While specific interest rates may vary based on supply and demand dynamics within the platform, users benefit from:
- Flexible deposit terms with instant withdrawal options
- Daily interest distribution
- Secure custody backed by institutional-grade security protocols
This addition strengthens OKX Earn’s growing portfolio of staking and savings options, making it easier than ever to maximize returns across diverse crypto assets.
Deep Dive: TONUSDT Perpetual Contract
Perpetual contracts have become a cornerstone of modern crypto derivatives trading due to their flexibility and continuous settlement mechanism. The newly launched TONUSDT perpetual contract brings institutional-grade trading capabilities to retail and professional traders alike.
Contract Specifications
- Underlying Index: TON/USDT
- Settlement Currency: USDT
- Contract Value: 1 TON per contract
- Price Quotation: Based on the USD value of 1 TON
- Minimum Price Movement (Tick Size): 0.001 USDT
- Leverage Range: Adjustable from 0.01x to 20x
- Trading Hours: 24/7, including weekends and holidays
Funding Rate Mechanism
To ensure price alignment between the perpetual contract and the underlying spot market, OKX employs a funding rate mechanism defined as:
Clamp(MA(((Bid + Ask)/2 - Index Price)/Index Price - Interest), -0.75%, 0.75%)
Where the interest rate is set to zero. This formula helps prevent excessive divergence while capping extreme funding payments.
Note: To stabilize pricing during initial market conditions, the funding rate cap was temporarily limited to 0.03% until 24:00 HKT on December 28, 2022. After this period, the predicted funding rate cap reverted to the standard maximum of 1.50%, with the first actual collection occurring at 16:00 HKT on December 29, 2022.
All other trading rules — including order types, liquidation mechanisms, insurance funds, and mark price calculations — align with existing USDT-margined perpetual contracts on OKX. Traders familiar with these systems will find a seamless experience when entering TON positions.
Why This Matters for Crypto Investors
The inclusion of TON across multiple financial instruments signals growing confidence in its long-term viability and adoption potential. Originally developed as a blockchain initiative by Telegram, TON has evolved into a decentralized community-driven network focused on scalability, speed, and user accessibility.
By offering leveraged trading, savings, and derivatives products, OKX provides comprehensive infrastructure for:
- Short-term traders looking to capitalize on price movements
- Long-term holders aiming to earn yield without selling their assets
- Hedgers managing portfolio risk through futures positions
This multi-product support enhances liquidity, improves price discovery, and fosters broader market participation.
👉 Start exploring advanced trading tools for high-potential cryptos like TON
Frequently Asked Questions (FAQ)
What is TON?
TON (The Open Network) is a scalable, high-performance blockchain originally conceptualized by Telegram. It aims to provide fast transactions, low fees, and seamless integration with messaging platforms and decentralized applications (dApps).
Can I trade TON with leverage on OKX?
Yes. OKX supports TON/USDT leveraged trading with up to 20x leverage. Users can borrow USDT or TON to increase their position size, subject to margin requirements and risk-based tiering.
How do I earn yield on my TON holdings?
You can deposit your TON into the OKX Earn platform, where it will be allocated to savings products offering competitive interest rates. Interest is typically distributed daily in kind.
Is the TONUSDT perpetual contract coin-margined or USDT-margined?
The TONUSDT perpetual contract is USDT-margined, meaning your profits, losses, margin, and liquidation levels are all calculated in USDT — simplifying exposure tracking for traders.
When did TON derivatives go live on OKX?
The TONUSDT perpetual contract and related services went live on December 28, 2022, at 15:00 HKT across all OKX platforms — web, mobile app, and API.
Are there special rules during the initial launch phase?
Yes. To prevent abnormal funding rates during early trading hours, the funding rate cap was temporarily set at 0.03% until 24:00 HKT on December 28, 2022. Since then, normal parameters have been restored.
Final Thoughts
OKX’s rollout of leveraged trading, savings options, and perpetual contracts for TON marks a pivotal moment in the token’s journey toward mainstream recognition. By integrating TON into its full suite of financial products, OKX empowers users with versatile tools to engage with this dynamic asset in ways that match their individual strategies — whether that’s aggressive speculation, conservative yield farming, or risk hedging.
As blockchain ecosystems continue to evolve, platforms that offer deep liquidity, robust security, and diversified product offerings will remain at the forefront of innovation.
👉 Access next-generation crypto products and start trading TON today
With comprehensive support now in place, there's never been a better time to explore what TON and advanced trading on OKX can offer.