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Scroll Pre-Market Futures On OKX - Image source: GATE.IO
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OKX Launches Pre-Market Futures For Scroll (SCR)

Utsav Kumar
Utsav Kumar
Utsav Kumar
Author:
Utsav Kumar
Editor
With a background in crypto-focused data analytics, Utsav excels in live market reporting, offering insights into the risks and opportunities that help our readers make informed decisions.
October 10th, 2024
Editor:
Utsav Kumar
Utsav Kumar
Editor:
Utsav Kumar
Editor
With a background in crypto-focused data analytics, Utsav excels in live market reporting, offering insights into the risks and opportunities that help our readers make informed decisions.

Global cryptocurrency exchange OKX has confirmed the launch of a USDT-Margined Pre-Market Futures for SCR (Scroll). The Pre-Market Futures for SCR on OKX will allow eligible customers to access the futures contracts of the token before it goes live. 

Considering the hype around the token, it could draw significant interest from crypto enthusiasts who tend not to miss an opportunity with new listings. The much awaited SCR token will be listed on Binance tomorrow. 

Along with the Pre-Market Futures trading for SCR, OKX has also launched ‘Borrow in Spot’ feature to help eligible traders to “borrow and trade margin within Spot mode.”

Scroll Airdrop Is Scheduled For October 22

Scroll is a Layer-2 scaling solution which claims to “open up new possibilities for developers, allowing them to build and deploy Ethereum applications and tools with greater efficiency and at a lower cost.”

After it secured a listing with Binance, SCR Airdrop gained much traction. While the first listing on Binance is scheduled for Friday, October 11 (15:30 UTC), according to CoinMarketCap listing details, the first SCR airdrop will take place on October 22nd. 

During the first token unlock event, a total of 190m SCR tokens will be unlocked of which 70m will go towards the Airdrop and 55m is allocated for Binance Launchpool. While a total of 15% of the tokens are allocated for the airdrop, in the first phase 7.5% of the tokens will be made available.

Several promising airdrops are scheduled for October. With the hype around “uptober,” after a dull September, many crypto projects had strategically planned their launch in the supposedly “bullish” month for crypto.

However, since the beginning of October, the broader crypto market has been consistently under pressure with most notable coins shedding value. At press time, Bitcoin was down almost 2% in 24 hours, struggling to hold above the $60k levels. 

Contributors

Utsav Kumar
Editor
With a background in crypto-focused data analytics, Utsav excels in live market reporting, offering insights into the risks and opportunities that help our readers make informed decisions.