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Circle, OKX Expand USDC Trading Reach Across Markets

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Circle and OKX have expanded their partnership to increase the trading reach of USDC across various markets on the crypto exchange.

The stablecoin's liquidity and utility will now be available in spot, margin, and futures markets, giving eligible users more ways to trade with USDC-denominated pairs.

As part of this expansion, OKX has launched a USDC Margin Growth Program, offering qualifying users a monthly reward of 100 USDC funded by Circle. The program requires users to hold at least 20,000 USDC in their trading account for 17 consecutive days and record over 1,000 USDC in single-side trading volume.

Circle has been pushing USDC deeper into trading platforms, with similar arrangements in place with Hyperliquid and Coinbase. The stablecoin's circulation stood at $73.3 billion at the end of the second quarter, up 19% from a year earlier, with Circle reporting $701 million in quarterly revenue and reserve income.

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