OKX Enables Margin Trading, Savings, and USDT-Margined Perpetual Swaps for LDO, MAGIC, GMX

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Starting at 7:00 AM UTC on February 2, 2025, OKX will officially enable margin trading and savings services for LDO/USDT, MAGIC/USDT, and GMX/USDT spot pairs. Simultaneously, the platform will launch USDT-margined perpetual swap contracts for these three digital assets — LDO, MAGIC, and GMX — across all access points including the web interface, mobile app, and API support.

This strategic expansion enhances trading flexibility and capital efficiency for users seeking leveraged exposure or yield-generating opportunities with these high-potential cryptocurrencies. Whether you're an active trader or a long-term investor, these new offerings provide advanced tools to optimize your crypto portfolio.

Enhanced Margin Trading & Savings Options

With the activation of spot margin trading, users can now leverage their positions in LDO, MAGIC, and GMX against USDT collateral. This allows traders to amplify potential returns (and manage risks accordingly) by borrowing funds to increase trade size.

Supported Margin Pairs:

In parallel, savings services are now available for these assets, enabling holders to earn passive income by depositing their idle LDO, MAGIC, or GMX into flexible savings accounts. These features cater to both aggressive traders and conservative investors, offering a balanced ecosystem within a single platform.

👉 Discover how margin and savings tools can boost your crypto strategy today.

New USDT-Margined Perpetual Swaps: Key Details

Perpetual swaps have become essential instruments in modern crypto trading due to their flexibility, high leverage options, and absence of expiry dates. OKX’s introduction of USDT-settled contracts for LDO, MAGIC, and GMX ensures stable pricing and seamless integration with existing trading strategies.

Below is a detailed breakdown of each contract:

LDOUSDT Perpetual Swap

MAGICUSDT Perpetual Swap

GMXUSDT Perpetual Swap

All contracts follow standardized price limit rules consistent with other USDT-margined perpetuals on OKX. Traders are encouraged to review the official perpetual swap trading guide for risk management best practices.

Special Funding Rate Adjustment During Launch Phase

To ensure market stability during the initial phase of trading, OKX has implemented a temporary cap on the predicted funding rate:

🔔 Important Note: Until 4:00 PM UTC on February 2, 2025, the upper limit for the predicted funding rate will be capped at 0.03%. After this time, it will revert to the standard maximum of 1.50%.

The first funding fee settlement will occur at 8:00 AM UTC on February 3, 2025. This precautionary measure helps prevent abnormal funding charges caused by initial price volatility and ensures a smoother onboarding experience for traders entering positions early.

Why These Additions Matter: Market Context & Use Cases

The inclusion of LDO (Lido DAO), MAGIC (MAGIC Protocol), and GMX (GMX Token) reflects growing demand for decentralized finance (DeFi) assets with strong fundamentals and active ecosystems.

LDO – Leading Liquid Staking Solution

Lido’s liquid staking protocol dominates Ethereum staking with over $20 billion in total value locked (TVL). By enabling LDO margin and derivatives trading, OKX supports users who want exposure to staking rewards without locking up capital.

MAGIC – Web3 Gaming & Digital Ownership Enabler

MAGIC powers a blockchain-based gaming economy focused on true digital asset ownership. As play-to-earn and NFT gaming gain traction, MAGIC becomes increasingly relevant for speculative and utility-driven traders.

GMX – Decentralized Perpetual Trading Powerhouse

GMX is the native token of a leading decentralized perpetual exchange (on Arbitrum and Avalanche), making it highly correlated with DeFi trading volume. Its addition aligns perfectly with OKX’s focus on advanced trading infrastructure.

These listings empower traders to hedge positions, speculate on price movements, or earn yields — all within a regulated, secure environment.

👉 Start leveraging DeFi tokens with powerful trading tools designed for real-world results.

Frequently Asked Questions (FAQ)

Q: What time do the new services go live?

A: Margin trading, savings, and perpetual swaps for LDO, MAGIC, and GMX go live at 7:00 AM UTC on February 2, 2025.

Q: Are there different leverage limits across the three perpetual swaps?

A: Yes. The LDOUSDT contract offers up to 50x leverage, while both MAGICUSDT and GMXUSDT are capped at 20x leverage to reflect volatility profiles and market conditions.

Q: How is the funding rate calculated?

A: The funding rate uses a moving average model that considers the difference between the mid-price of the order book and the spot index price. It is clamped between -0.75% and +0.75% under normal operation.

Q: Can I use these tokens as collateral in my margin account?

A: Yes, once enabled, LDO, MAGIC, and GMX can be used as collateral for borrowing USDT or other supported assets in spot margin trading.

Q: Is there any difference between the face value and quotation value?

A: Yes. For example, the GMXUSDT contract has a face value of 0.1 GMX, meaning each contract represents one-tenth of a GMX token. However, pricing is quoted per 1 GMX for consistency.

Q: Where can I find more educational resources about perpetual swaps?

A: OKX provides comprehensive guides on leverage management, liquidation risks, and funding mechanisms — all accessible through the help center and learning portal.

Final Thoughts

OKX continues to strengthen its position as a premier digital asset platform by integrating high-demand tokens like LDO, MAGIC, and GMX into its advanced trading suite. With the simultaneous rollout of margin trading, savings options, and perpetual contracts, users gain unprecedented flexibility in managing their crypto investments.

Whether you're hedging DeFi exposure, pursuing leveraged gains, or generating yield from idle holdings, these new features deliver practical value backed by robust infrastructure.

👉 Unlock your full trading potential with next-generation financial tools — start now.

All information is subject to change based on market conditions. Always conduct your own research and manage risk appropriately when using leveraged products.