OKX Announces Listing of Momentum (MMT) for Spot Trading
OKX has revealed its plans to list Momentum (MMT) for spot trading, marking a significant development in its digital asset offerings. The exchange has set a detailed timeline for the listing, beginning with the opening of MMT deposits at 6:00 am UTC on November 4, 2025.
This will be followed by a call auction from 11:00 am to 12:00 pm UTC, with MMT/USDT spot trading commencing at 12:00 pm UTC. Withdrawals will be available starting at 3:00 pm UTC the same day, according to OKX.
### Initial Trading Conditions
To mitigate market volatility during the initial phase of trading, OKX will implement specific control measures. For the first five minutes of trading, market orders will be prohibited, and the maximum limit per order and net position will be capped at $10,000.
These restrictions are designed to ensure a stable trading environment and will be lifted after five minutes. Additionally, price limits will be enforced based on closing prices until a stable index price is available. In the absence of an index price, closing price-based limits will be used, with specific rules applied to the maximum bid and minimum ask prices.
### Call Auction Details
The call auction mechanism, which will last for one hour, allows users to submit buy and sell orders before official trading begins. This process aims to calculate an indicative opening price based on the submitted orders.
During the auction, users can place buy orders up to a total value of $50,000, with restrictions in place during the final five minutes to prevent order cancellations or modifications.
### Momentum Project Overview
Momentum is designed as an operating system for global finance on the SUI blockchain, facilitating seamless trading of both crypto and real-world assets. The asset, identified by the ticker MMT, operates on the SUI Chain with the contract address:
`0x35169bc93e1fddfcf3a82a9eae726d349689ed59e4b065369af8789fe59f8608::mmt::MMT`
OKX’s introduction of MMT aligns with its broader strategy to diversify its asset offerings and provide users with access to emerging digital assets. As the crypto market continues to evolve, such listings are pivotal for both the platform and its users, offering new opportunities for investment and trading.
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https://Blockchain.News/news/okx-announces-mmt-momentum-spot-trading-launch
