On September 5, 2024, at 13:00 WIB, OKX will officially introduce pre-market futures trading for CATI, the native token of the innovative Telegram-based game Catizen. This new offering allows traders to gain early exposure to upcoming cryptocurrencies before their official spot listing, using USDT as collateral. The feature will be available across the OKX web platform, mobile app, and API, providing seamless access for all users.
This update marks another step forward in OKX’s mission to deliver cutting-edge financial instruments that empower traders with advanced market participation tools—especially during the critical early stages of a new crypto asset’s lifecycle.
👉 Discover how pre-market futures can boost your trading strategy before official listings go live.
What Are Pre-Market Futures?
Pre-market futures on OKX enable users to trade expiry futures contracts for cryptocurrencies that have not yet been listed on the spot market. These contracts are settled in USDT, making them accessible and stable for traders seeking early-mover advantage.
Typically, pre-market futures are settled approximately three hours after the underlying asset is officially listed on the spot market. This mechanism gives traders a head start in price discovery while maintaining alignment with real-world market dynamics once trading goes live.
By offering this feature, OKX provides a secure and reliable environment for users to engage with emerging digital assets—helping them participate in early price formation without waiting for traditional listing timelines.
CATI Pre-Market Futures Contract Specifications
Below is a detailed breakdown of the CATI/USDT pre-market futures contract:
- Underlying Asset: CATI/USDT Index (based on the latest contract price)
- Settlement Currency: USDT
- Contract Size: 10 CATI per contract
- Price Quotation: Price quoted in USDT per 1 CATI
- Price Tick Size: 0.0001 USDT
- Leverage Range: 0.01x to 2x
- Trading Hours: 24/7
- Contract Type: Expiry futures
- Settlement Time: To be announced; typically occurs shortly after CATI is listed on the spot market
These specifications are designed to balance accessibility with risk management, ensuring both novice and experienced traders can participate responsibly.
How Pre-Market Futures Differ from Standard Futures
OKX’s pre-market futures operate under unique product mechanics compared to standard expiry futures. Two key differentiators are:
- Tiered Position Limits
- User-Specific Position Caps
These controls help maintain market stability during the volatile pre-listing phase by limiting excessive concentration of positions.
Tiered Position Limits
As a trader’s open position increases, they move through tiers that adjust maintenance margin requirements (MMR), initial margin requirements (IMR), and maximum allowable leverage.
| Tier | Max Open Positions (Contracts) | MMR | IMR | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 15% | 50% | 2x |
| 2 | 2,000 | 18% | 50% | 2x |
| 3 | 3,000 | 19% | 100% | 1x |
| 4 | 4,000 | 20% | 100% | 1x |
| 5 | 6,000 | 21% | 100% | 1x |
| 6 | 8,000 | 22% | 100% | 1x |
| 7 | 10,000 | 23% | 100% | 1x |
| 8 | 12,000 | 24% | 100% | 1x |
| 9 | 14,000 | 25% | 100% | 1x |
| 10 | 16,000 | 26% | 100% | 1x |
| 11 | 18,000 | 27% | 100% | 1x |
| 12 | 20,000 | 28% | 100% | 1x |
As positions grow, leverage drops to 1x from Tier 3 onward, and margin requirements rise progressively—encouraging disciplined risk-taking.
User-Specific Position Limits
Certain user categories have distinct caps:
- Futures DMM Users (USDT-margined): Up to 20,000 contracts
- Non-DMM Futures Users: Limited to 2,000 contracts
This distinction rewards active market makers while protecting general users from overexposure during uncertain pre-list phases.
About Catizen (CATI)
Catizen is a revolutionary Telegram-integrated gaming bot that bridges the gap between Telegram’s massive user base and the TON (The Open Network) blockchain. By combining social messaging with Web3 functionality, Catizen aims to onboard hundreds of millions of users into the decentralized ecosystem through seamless mobile payments and gamified experiences.
The platform functions as a mini-app hub, integrating features like:
- Launchpool mechanics for token rewards
- Short-form video content
- E-commerce capabilities
- Play-to-Airdrop campaigns
These elements work together to drive user engagement through gamification, creating a powerful flywheel for traffic and retention within the Web3 space.
Asset Name: Catizen
Ticker: CATI
Risk Disclosures You Should Know
While pre-market futures offer exciting opportunities, they come with inherent risks. Traders should carefully consider the following:
🔹 No Guaranteed Listing
Pre-market trading does not guarantee that CATI will be listed on OKX’s spot market. While settlement typically follows listing, OKX reserves the right to suspend or cancel trading at any time based on internal policy or market conditions.
🔹 Uncertain Token Supply
The project team has not confirmed final token issuance plans. Changes in total supply could significantly impact price volatility. Always stay informed about project developments.
🔹 Market-Driven Pricing
Prices in pre-market futures are determined solely by trader behavior and may diverge from actual listing prices. This speculative nature requires careful risk assessment.
OKX may pause trading at its discretion during pre-market sessions. Users are advised to monitor official announcements closely.
Frequently Asked Questions (FAQ)
Q: What happens if CATI is not listed on the spot market?
A: If CATI isn’t listed, OKX may cancel or adjust the settlement process. Always refer to official OKX announcements for updates.
Q: When will the settlement occur?
A: Settlement usually takes place around 3 hours after the spot listing, but the exact time will be announced separately by OKX.
Q: Can I use leverage in pre-market futures?
A: Yes, up to 2x leverage is allowed initially. However, leverage decreases to 1x beyond Tier 2 to manage risk as positions grow.
Q: How is the settlement price determined?
A: The settlement price is typically derived from the spot market price after listing, ensuring alignment with real-world value.
Q: Who can trade large volumes?
A: Only verified Futures DMM users with USDT margin accounts can hold up to 20,000 contracts. Others are capped at 2,000.
Q: Is there a fee difference for pre-market trading?
A: Standard futures trading fees apply. Check the OKX fee schedule for maker/taker rates.
Why This Matters for Traders
The launch of CATI pre-market futures exemplifies how modern crypto exchanges are evolving beyond simple spot trading. By offering early access instruments, platforms like OKX empower traders to:
- Engage in price discovery ahead of public listings
- Test market sentiment in real-time
- Strategically position themselves before wider adoption
For innovators building at the intersection of gaming, social platforms, and blockchain—like Catizen—these tools provide crucial visibility and liquidity momentum.