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OKX introduces gold-based Event Contracts on New Money App
OKX has introduced XAU (Gold) Event Contracts, allowing users to take directional positions on gold price movements with small minimum stakes via its New Money App, web platform, or API. The contracts settle daily based on the OKX XAU–USDT Index and incorporate specific rules for settlement timing, non-trading days, and market disruptions.
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OKX has launched XAU (Gold) Event Contracts, allowing users to take directional positions on the price movement of gold using the New Money App, web platform, or API. The product features two contract types—'Daily Up/Down' and 'Daily Price Above'—with settlement based on the OKX XAU–USDT Index at 5:00 PM U.S. Eastern Time, calculated as the average index price over the minute preceding settlement.
Contract stakes start at 0.01 USDT and are limited to full-margin risk, meaning the maximum possible loss is the amount paid to enter the contract. The platform has outlined rules around non-trading days, market disruptions, and dispute procedures, and does not list contracts expiring on official market holidays.
OKX is an international cryptocurrency exchange established in 2017, offering trading in over 100 cryptocurrencies, including BTC, ETH, and XRP. The platform provides options for earning passive income, several educational resources through its proprietary academy, and supports multiple languages with a mobile app available. For more information about OKX, visit the broker profile on Traders Union.
For more background, see our earlier news about OKX's recent MiCA authorization to operate as a regulated crypto-asset service provider in Europe, expanding its offerings under new EU regulations. Read more details in the previous OKX update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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