We are excited to announce the launch of the 0x (ZRX-USD) Perpetual Contract market. Eligible traders outside the United States can now trade ZRX with up to 10x leverage, cross margin support, and zero gas fees.
This listing marks the 28th market added to our growing Layer 2 product lineup. Our team remains committed to expanding our offerings and providing more opportunities for the global trading community.
Contract Specifications for ZRX-USD
Key Market Parameters
- Underlying Asset: ZRX
- Margin and Settlement Currency: USDC
- Tick Size: $0.001 USD
- Minimum Order Size: 10 ZRX
- Quantity Increment Step: 1.00 ZRX
Leverage and Margin
- Maximum Leverage: 10x
- Initial Margin Requirement: 10.00%
- Maintenance Margin Requirement: 5.00%
Trading Mechanics
- Expiry Type: Perpetual (no expiration)
- Trading Hours: 24/7, 365 days a year
- Mark Price Source: Index price provided by Chainlink’s Layer 2 ZRX-USD price feed
- Funding Interval: Payments are processed hourly and reflected in realized PnL
- Funding Rate Calculation: Based on an 8-hour realization period
Risk Management
- Liquidation Mechanism: Uses a verifiable insurance fund as the first backstop, followed by deleveraging
- Fee Structure: No gas fees; refer to the official fee schedule for perpetual trading costs
Why Trade ZRX Perpetual Contracts?
Perpetual contracts allow traders to speculate on the future price of ZRX without an expiration date. The use of cross-margin enables more efficient capital utilization, while Layer 2 technology ensures fast and cheap transactions.
The inclusion of ZRX reflects its growing importance in the decentralized finance (DeFi) ecosystem. As a protocol token, ZRX facilitates decentralized exchange operations and governance participation.
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Frequently Asked Questions
What is ZRX?
ZRX is the native token of the 0x protocol, a decentralized exchange infrastructure that enables peer-to-peer asset trading. It is used for governance, staking, and paying transaction fees within the ecosystem.
Who can trade ZRX perpetual contracts?
This market is available to non-U.S. traders who meet the platform’s eligibility criteria. Users must complete identity verification and comply with local regulations.
How does funding work in perpetual contracts?
Funding payments are exchanged hourly between long and short traders based on the difference between the contract price and the spot index. This mechanism helps maintain alignment with the underlying asset price.
What are the risks of trading with leverage?
Leverage magnifies both gains and losses. Traders should be aware of liquidation risks and use risk management tools such as stop-loss orders. Always trade with funds you can afford to lose.
Is decentralized exchange trading safe?
While decentralized platforms reduce counterparty risk, users must still practice good security hygiene. This includes using hardware wallets, avoiding phishing links, and verifying contract addresses.
How can I stay updated on new listings?
Follow official communication channels for announcements regarding new markets, product features, and community events. 👉 Get real-time market tools
Final Thoughts
The addition of ZRX perpetual contracts offers traders more flexibility and opportunity in the DeFi sector. With no expiry, zero gas fees, and up to 10x leverage, this market is designed for both active and strategic traders.
We continue to focus on creating secure, transparent, and efficient financial products that serve a global audience. As always, we encourage users to educate themselves and trade responsibly.