OKX is about to launch FOGO (Fogo) spot and contracts

OKX announced that it will launch FOGO (Fogo) on January 2026, and will simultaneously convert the FOGO/USDT pre-contract into a standard perpetual contract: deposits will open on January 13 at 14:30 (UTC+8), a collective auction will take place from 21:00 to 22:00 on January 15, and the FOGO/USDT spot trading will officially open at 22:00. The conversion from the pre-contract to the standard perpetual contract will be completed within 3 hours after the market opens, and withdrawals will be available from 00:00 on January 16.

Fogo is a Layer 1 blockchain based on SVM, focusing on ultra-low latency on-chain trading experience, developed by former core trading members from institutions like Citadel and Jump, targeting high-frequency and tokenized asset trading scenarios.