OKX to list BABY (Babylon) for spot trading and deliver pre-market futures for BABY crypto
OKX is pleased to announce the listing of BABY (Babylon) on our spot trading markets. Please take note of the following details:
Listing Timeline
BABY deposits will open at 12:00 pm UTC on Apr 9, 2025.
BABY call auction will take place from 9:15 am to 10:15 am UTC on Apr 10, 2025.
BABY/USDT spot trading will open at 10:15 am UTC on Apr 10, 2025.
BABY withdrawals will open at 10:00 am UTC on Apr 11, 2025.
Join our Babylon Trade and Earn Campaign now to Earn a share of 700,000 $BABY Prize Pool:
Spot market opening risk control rules
Order limits:
To protect investors from market volatility during new coin listings, OKX will apply the following restrictions during the first 5 minutes after spot trading begins:
Market orders are not allowed.
The maximum amount per limit order is $10,000.
The maximum net position per user is $10,000.
These restrictions will be lifted 5 minutes after trading starts.
Price limit rules:
When a newly listed crypto lacks a stable index price, the platform will adopt closing price-based limit rules. Once a stable index price becomes available, index-based limit rules will be applied.
Closing price-based limit calculation rules:
Phase | Maximum bid price | Minimum ask price |
Within the first 1 minute of listing | Call auction’s execution price × (1 + H) | No limit |
From the 1st - Nth minutes (until index is available) | Previous minute’s closing price × (1 + H) | No limit |
After the Nth minute (until index is available) | No limit | No limit |
Index-based limit calculation rules:
Phase | Maximum bid price | Minimum ask price |
Within the 10 minutes of listing | Index × (1 + X) | Index × (1 – X) |
After the first 10 minutes of listing | Min[Max(Index, Index (1 + Y) + Avg premium in the last 2 mins), Index × (1 + Z)] | Max[Min(Index, Index × (1 – Y) + Avg premium in the last 2 mins), Index × (1 – Z)] |
OKX may adjust the parameters N, H, X, Y, Z or switch limit price calculation methods based on market conditions without prior notice.
For real-time rules, please visit /trade-market/info/spot.
About Call Auctions
Call auction mechanism will be used for spot listing of BABY/USDT. The call auction period will last for 1 hour.
OKX operates a call auction mechanism that allows you to submit buy and sell orders at your desired prices according to certain trading parameters before a new trading pair officially begins trading. The trading system processes all submissions according to call auction rules and calculates an indicative opening price based on these submissions.
In order to maintain an orderly market for all users and to limit disruptive trading experiences, we have (1) applied a limit on the total size of orders of 50,000 USDT to applicable users during the call auction and (2) in the final five minutes of the call auction, applied a period where orders cannot be canceled or modified. Please visit OKX Call Auction Mechanism to learn more about rules.
In order to provide more trading information, following the end of the call auction, OKX will display the project team's opening price at the commencement of continuous trading as the initial price of the trading chart. The project team's opening price is provided by the token project team usually based on the valuation of the project. This project team's opening price is displayed for information purpose only, and is not determined by the call auction mechanism, and will not impact the prices where you will execute the orders.
Project Introduction
The Babylon Bitcoin staking protocol connects Bitcoin Secured Networks with bitcoin holders, giving you direct access to the largest and strongest community in crypto.
Asset name: Babylon
Ticker: BABY
Check Babylon Price: https://www.okx.com/price/babylon-baby
Delivery of pre-market futures for BABY crypto
1. Delivery time
Pre-market contracts will be delivered about 3 hours after the crypto is listed on the spot market, and the delivery price will be calculated 2 - 3 hours after the listing. If the listing time changes, then the contract delivery time changes accordingly. Stay informed of any changes via our announcements.
2. Delivery price
Index price: OKX will include prices from more than 3 mainstream exchanges as part of the index components.
Delivery price: OKX will deliver futures contract positions at the arithmetic average price of the corresponding OKX index price timed at 1 hour prior to the delivery. If the traded price displays abnormalities in the hour preceding the delivery, OKX may adjust the final delivery price to a reasonable level for delivery.
Within the first 30 minutes after the delivery, if you hold positions greater than 10,000 USD in value in BABYUSDT futures contracts at the time of delivery, you will be restricted from transferring assets out of your trading account.
Asset transfers will return to normal after 30 minutes. Order history and billing records will still be available after the delivery. If you need to backup your data, you may download it via Order center on OKX web.
Considering that the market may fluctuate sharply before delivery, please manage your risk level by reducing the actual leverage or closing positions in advance. In case of an overloss upon delivery, your losses will be reimbursed with the insurance fund. If the insurance fund is not enough, the system will automatically reduce positions of users with high profit rates.
3. Settlement fees
The settlement fee is 1%, subject to adjustment as announced.
4. Price limits
After pre-market contract generation:
Highest price of buy order = Average mid price of the past hour × (1 + 15%)
Lowest price of sell order = Average mid price of the past hour × (1 – 15%)
Within 60 minutes before delivery:
Highest price of buy order = Index Price × (1 + 5%)
Lowest price of sell order = Index Price × (1 – 5%)
Mid price = (Best bid price + Best ask price) / 2. Price limits are calculated every minute.
Deposit USDT
Top up your USDT balance to get ready for BABY/USDT spot trading:
Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty or any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to OKX Terms of Service and Risk & Compliance Disclosure for more information.
For any inquiries, please feel free to contact us via OKX Support Center or connect with us on any platform of your choice.
OKX Team
Apr 9, 2025