KEY ($0.00) TAKEAWAYS
- OKX will list Berachain (BERA) on its spot trading markets starting February 6, 2025, with a structured timeline for deposits, trading, and withdrawals.
- Initial trading restrictions include a cap on market orders and a maximum net position size of 10,000 USD per user to manage price volatility.
- The call auction mechanism allows users to place buy and sell orders before trading begins, with specific rules to ensure market stability.
- Berachain is a high-performance Layer 1 blockchain utilizing Proof-of-Liquidity, built for EVM compatibility with a total supply of 500 million tokens.
OKX has announced the listing of Berachain (BERA) on its spot trading markets, with trading activities set to commence on February 6, 2025. The listing will follow a structured timeline to ensure a smooth introduction to the market.
Deposits for BERA will open at 3:30 am UTC, followed by a call auction from 12:00 pm to 1:00 pm UTC. Spot trading for the BERA/USDT ($1.00) pair will begin at 1:00 pm UTC, with withdrawals available from 1:00 pm UTC on February 7, 2025.
Trading Rules and Call Auction Details
To manage price volatility during the initial phase of trading, OKX will implement specific order restrictions. During the first five minutes of trading, market orders will not be allowed, and each limit order must not exceed a value of 10,000 USD. Additionally, the maximum net position size for each user is capped at 10,000 USD. These restrictions will be lifted after the first five minutes.
Price limits will also be in place if a spot index is available for the BERA/USDT trading pair. The specific parameters for these limits will be adjusted according to market conditions.
The call auction mechanism will be used for the spot listing of BERA/USDT. This process allows users to submit buy and sell orders at desired prices before the official start of trading. The call auction will last for one hour, with a maximum buy order value of 50,000 USD per user. In the final five minutes of the auction, users can place orders but cannot cancel or modify them.
About Berachain
Berachain is a high-performance Layer 1 blockchain that utilizes Proof-of-Liquidity (PoL) as a sybil resistance mechanism. It is built on the BeaconKit framework, which focuses on Ethereum Virtual Machine (EVM) compatibility. The total supply of BERA is 500,000,000 tokens.
For more information on the listing and trading rules, visit the official announcement here.
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