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OKX launches open-ended USELESSUSDT and NEWTUSDT contracts
- Key talking points: OKX introduces USELESSUSDT and NEWTUSDT contracts, affecting trading volumes.
Trading opened on July 25, 2025 at 18:00 and 18:15 (UTC 8).
The market is reacting to the growing activity in #meme and #DeFi tokens.
#OKX launched perpetual trading for USELESSUSDT and NEWTUSDT on July 25, 2025 via the website, app and API at 18:00 and 18:15 (UTC 8).
The launch highlights the growing interest in meme coins and DeFi in major cryptocurrency markets, demonstrating the attractiveness of new financial instruments despite the lack of immediate response from institutions or regulators.
These contracts form a new trading dynamic as meme and DeFi tokens become more liquid and accessible. The introduction of these contracts reflects the exchange's strategy of focusing on meme and DeFi trends. Initially, the launch may increase trading volumes, but sustained growth will likely depend on long-term trading interest and asset fundamentals.
Community and industry reaction is mixed, with enthusiasts noting the potential benefits of increased market engagement. Leading representatives of the crypto industry have not made official statements, exercising caution amid regulatory and financial uncertainties. Investors are moderately optimistic.
Interesting to know? Such open-ended contracts often cause short-term spikes in trading, but strong project fundamentals are needed for stable growth. Previous #token launch strategies tend to influence these results.
CoinMarketCap data shows that the current price of Useless Coin (USELESS) is $ 0.36 and its market capitalization is $ 358.97 million. The trading volume has dropped by 38.81% to $ 30.85 million over the last 60 days.
