Tony Kim
Dec 02, 2025 15:23
OKX announces the launch of USDT-margined perpetual futures for PIPPIN and RLS, enhancing trading options for these digital assets starting December 2, 2025.
OKX, a prominent cryptocurrency exchange, has unveiled plans to introduce USDT-margined perpetual futures for the digital assets PIPPIN and RLS. This latest development, set to go live on December 2, 2025, aims to expand the trading possibilities for these cryptocurrencies, according to OKX.
Launch Schedule
The trading for these futures will commence at different times on the launch day. The PIPPIN/USDT perpetual futures will be available from 15:00 UTC, while RLS/USDT perpetual futures will start trading at 15:15 UTC. This staggered introduction allows traders to adjust to the new offerings without congestion.
Understanding PIPPIN and RLS Perpetual Futures
PIPPIN, an AI-powered memecoin hosted on the Solana blockchain, will be one of the new perpetual futures available on OKX. These futures will be settled in USDT, with a leverage range from 0.01x to 50x. The funding rate for PIPPIN will be dynamically adjusted based on market conditions, with a settlement interval of four hours, potentially reducing to hourly if certain conditions are met.
RLS, on the other hand, represents an EVM-compatible blockchain ecosystem offering features like enterprise-grade privacy and scalability. The RLS perpetual futures will also use USDT for settlement and offer leverage between 0.01x and 20x. Similar to PIPPIN, the funding rate for RLS futures will be clamped within a predefined range, with the same funding fee settlement conditions.
Broader Implications
Perpetual futures are a popular trading instrument in the cryptocurrency market, allowing traders to speculate on the future price of an asset without holding the underlying asset. By adding PIPPIN and RLS to its suite of futures products, OKX is not only broadening its market offerings but also providing additional tools for traders looking to hedge or leverage their positions in these specific digital assets.
These new listings reflect OKX’s ongoing commitment to diversifying its product range and enhancing its platform’s appeal to a wider audience. This move could potentially increase liquidity and trading volume for PIPPIN and RLS, thereby impacting their market dynamics significantly.
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Source: https://blockchain.news/news/okx-launch-perpetual-futures-pippin-rls
