OKX launches 10 new USDC spot‑margin pairs for European traders

OKX announced the addition of ten USDC‑denominated spot‑margin pairs for customers in the European Union and European Economic Area. The new markets allow eligible traders to open leveraged long or short positions with up to 10× exposure, while interest on borrowed funds accrues hourly.

New margin pairs

The exchange now supports the following USDC‑based spot‑margin pairs:

• HYPE/USDC
• ZEC/USDC
• LINK/USDC
• ONDO/USDC
• ENA/USDC
• AAVE/USDC
• NEAR/USDC
• TRUMP/USDC
• OKB/USDC
• BNB/USDC

Leverage and fees

Selected pairs can be traded with up to 10× leverage, though the exact limit may vary by token and user tier. Borrowing charges are calculated on an hourly basis and apply only to the amount borrowed; there is no separate opening fee or rollover charge. Standard trading and liquidation fees still apply. For Bitcoin, OKX cites a starting annual borrowing rate of 0.5 %, with rates for the new tokens dependent on market conditions.

Performance of highlighted tokens

At the time of the announcement, two of the newly listed assets posted the strongest 24‑hour gains:

• NEAR rose 7.2 % to $2.01, with roughly $300 million in daily volume.
• ENA increased 5.6 % to $0.1610, trading about $629 million in the same period.

Other tokens showed modest moves: AAVE +2.7 %, ZEC +1.6 %, HYPE +1.5 % and LINK +0.5 %. BNB, OKB and TRUMP slipped slightly, while ONDO was essentially flat.

USDC as the settlement asset

All ten pairs are quoted against USDC, a dollar‑backed stablecoin whose reserves consist of cash and short‑dated U.S. Treasury securities held in the Circle Reserve Fund, a BlackRock‑managed money‑market vehicle. European users can deposit USDT and convert it to USDC on the platform, complying with the EU’s MiCA regulatory framework.

Risk considerations

Leverage amplifies both potential profits and losses, and interest continues to accrue until the borrowed amount is fully repaid. OKX employs cross‑margin and isolated‑margin modes to manage risk, with liquidation possible if account equity falls below maintenance‑margin requirements.