OKX to List MOVE (Movement) on Spot Trading Platform

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The OKX exchange has announced the upcoming listing of the MOVE token, the native cryptocurrency of the Movement Network, on its spot trading platform. This marks a significant milestone for the Movement ecosystem, which aims to bridge the gap between Move-based and EVM-compatible blockchain environments. Traders and investors can now prepare for early access to MOVE/USDT trading with a structured rollout plan, including a call auction mechanism designed to ensure fair price discovery.

Listing Timeline and Trading Schedule

OKX has outlined a clear timeline for the MOVE token launch to ensure transparency and orderly market entry:

This phased approach allows users to deposit funds ahead of time, participate in price formation during the call auction, and begin trading with minimal slippage and volatility at launch.

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Spot Trading Launch Rules for Market Stability

To protect traders from extreme price volatility during the initial moments of trading, OKX has implemented temporary restrictions for the first five minutes after the official launch:

These safeguards help maintain market integrity and allow organic price discovery through limit orders. After the initial five-minute window, all standard trading functionalities will be restored, enabling full market participation.

Understanding the Call Auction Mechanism

OKX employs a call auction model for new listings—a proven method to establish a fair opening price based on aggregated supply and demand.

During the one-hour call auction window:

After the auction concludes, OKX will also display the project team’s opening price, which is provided independently by the Movement Network team. While this value is shown for informational purposes, it does not influence the actual auction-determined price or trade execution. It simply reflects the project’s internal valuation assessment.

This dual-price transparency helps users distinguish between market-driven pricing and project-provided estimates, supporting informed decision-making.

About Movement Network and the MOVE Token

Movement Network is a next-generation modular blockchain platform built on the Move programming language. It enables developers to build secure, high-performance decentralized applications (dApps) that are fully interoperable across both Move-based ecosystems and EVM (Ethereum Virtual Machine) chains.

By combining the safety features of Move—originally developed by Meta for the Diem blockchain—with EVM compatibility, Movement Network lowers development barriers and expands cross-chain functionality. This hybrid approach supports faster transaction finality, enhanced security against common smart contract vulnerabilities, and seamless asset bridging.

Key Token Details

The MOVE token serves as the utility and governance asset within the Movement ecosystem. It is used for network fees, staking, protocol governance, and incentivizing developers and node operators.

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Deposit USDT in Preparation for Trading

To participate in the initial trading session of MOVE/USDT, users are encouraged to deposit USDT in advance. Having funds ready ensures immediate execution of trades once the market opens, especially important during high-demand launches.

OKX supports multiple deposit methods and networks for USDT (such as ERC-20, TRC-20), allowing flexibility in transaction speed and cost. Ensure your deposits are completed before December 9 to avoid delays during the call auction phase.

Frequently Asked Questions (FAQ)

Q: What is the purpose of the call auction?
A: The call auction allows all users to place orders before trading begins, helping determine a fair opening price based on real market demand. It reduces volatility and prevents sudden price spikes or drops at launch.

Q: Can I place market orders when trading starts?
A: No—market orders are disabled for the first five minutes of trading. Only limit orders up to $10,000 in value are allowed during this period to ensure stability.

Q: When can I withdraw MOVE tokens after listing?
A: Withdrawals will be enabled on December 10, 2024, at 10:00 UTC. Deposits were available starting December 4.

Q: Is the project team’s opening price the same as the auction price?
A: No. The project team’s opening price is informational only and does not affect trading. The actual opening price is determined entirely by the call auction mechanism.

Q: Why is Movement Network important in the blockchain space?
A: Movement Network bridges Move-based security with EVM compatibility, allowing developers to build safer, faster dApps while maintaining access to Ethereum’s vast ecosystem—a key innovation in modular blockchain design.

Q: Are there risks involved in trading newly listed tokens like MOVE?
A: Yes. New listings often experience high volatility and liquidity fluctuations. Digital assets are speculative in nature, and investors should conduct thorough research and assess their risk tolerance before trading.

Final Notes and Risk Disclaimer

The information provided here is for informational purposes only and does not constitute financial, investment, or legal advice. OKX does not guarantee the accuracy or completeness of any details related to Movement Network or the MOVE token. Listings may be subject to change based on market conditions or regulatory requirements.

Digital assets are highly speculative and may experience extreme price swings or become illiquid with little warning. Users should perform independent research and only invest what they can afford to lose. OKX is not liable for any losses incurred through digital asset trading.

For support or further inquiries, visit the official OKX Help Center or contact customer service through supported channels.

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