OKX Launches 50x Leverage on QNT Amid Crypto Market Volatility
OKX has launched USDT-margined Quant perpetual futures with up to 50x leverage. This follows QNT's sharp rally, which saw it gain over 178% in just seven days.
The token surged from below $100 on September 25 to above $300 by the end of the month, before pulling back to its current price near $249. Despite this drop, QNT remains up roughly 178% over seven days, compared with a gain of less than 1% for the overall crypto market during the same period.
The listing on OKX comes as Quant continues to build momentum with its U.S. banking deal, which saw The Clearing House select the company to provide technology for its On-Chain Money Initiative. This project aims to connect banks and blockchains, enabling tokenized deposits and traditional payment rails.