OKX launches 50x QNT perpetual futures after 178% weekly rally
OKX opened QUANT/USDT perpetual futures with up to 50x leverage on Oct. 1, days after QNT rose 177.8% in a week to above $300.
Why it matters
OKX is adding 50x leverage on a token that gained 177.8% in seven days and then dropped 16.1% in a day, which widens the scope for sharp price moves in either direction on that venue. The Quant selection and the seven UK banks' tokenized sterling transactions are separate, unreported-by-others claims, so their wider effect on adoption cannot be judged from this evidence.
Key facts
OKX opened QUANT/USDT perpetual futures at 08:00 UTC on Oct. 1 across its web, app and API interfaces, subject to regional availability.
Reported by Crypto.News
The OKX QNT perpetual contract offers leverage from 0.01x to 50x, uses the QUANT/USDT index as its underlying price reference and has a face value of 0.01 QNT.
0.01 QNTReported by Crypto.News
QNT rose from below $100 on Sept. 25 to above $300 by the end of September.
Reported by Crypto.News
CoinGecko placed QNT near $248.86, down 16.1% over 24 hours but up 177.8% for the week.
248.86 USDReported by Crypto.News
The Clearing House selected Quant to power its tokenized deposit settlement network infrastructure.
Reported by Crypto.News
The Clearing House expects participating institutions to access the tokenized deposit settlement network during the first half of 2027.
Reported by Crypto.News
What happened
OKX opened a USDT-margined QNT perpetual futures contract at 08:00 UTC on Oct. 1, available on its web, app and API interfaces subject to regional availability, according to Crypto.News. The contract uses the QUANT/USDT index as its underlying price reference, carries a face value of 0.01 QNT, allows leverage from 0.01x to 50x and settles funding fees every four hours. Crypto.News reported that QNT moved from below $100 on Sept. 25 to above $300 by the end of September, then fell 16.1% over 24 hours to a CoinGecko price near $248.86 while remaining up 177.8% for the week. The same outlet said Quant was picked by The Clearing House to power its tokenized deposit settlement network, with institutions expected to gain access in the first half of 2027, and that seven UK banks completed tokenized sterling deposit transactions on Quant-built infrastructure in September. No other outlet in this evidence set covered the listing or the Quant selection, so both rest on Crypto.News alone.
How the story developed
- Update
QNT begins its September surge
QNT traded below $100 on Sept. 25.
- Update
QNT passes $300 before the futures listing
The token closed the month of September above $300 after starting below $100 on Sept. 25.
- Official statement
OKX lists QUANT/USDT perpetual futures
Trading opened at 08:00 UTC with leverage up to 50x and four-hour funding settlements.
- First report
First report by Crypto.News
QNT gets 50x OKX futures after 178% weekly rally
- Official statement
Seven UK banks complete tokenized sterling deposit transactions
Transactions ran on infrastructure built by Quant in September.
- Update
QNT falls 16% a day after the listing
CoinGecko showed the token near $248.86, down 16.1% over 24 hours.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto.News Crypto media | QNT gets 50x OKX futures after 178% weekly rally | Original |
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