OKX to list Pre-IPO OURAUSD X contracts
1 hours ago
OKX has officially launched its new Pre-IPO stock USD X contract (X-Perp). The update applies to web, mobile app interfaces, and APIs. The supported trading pair is OURAUSD UM (X Contract). This Pre-IPO X contract is a USD-settled delivery contract, with its underlying reference being a company that has not yet completed its IPO, enabling users to trade changes in the company’s valuation. Users do not hold any equity; they only trade the price fluctuations of this delivery contract. Its pricing formula is: share price × total shares ≈ market capitalization. Once the IPO is completed, the delivery contract will gradually convert into a standard stock delivery contract.
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