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ZEC $1,370 OKX lists QNT perpetual futures after 178% weekly rally
The new USDT-margined contract launched October 1, as QNT posted a 178% seven-day gain following a banking infrastructure partnership announcement.
Key takeaways
- Weekly QNT rally 178%. QNT has gained roughly 178% over seven days ending October 2, 2026, per CoinGecko data.
- Market cap $3.62B. QNT's market capitalization is approximately $3.62 billion, ranking it 34th among tracked cryptocurrencies.
What happened
QNT gained roughly 178% over seven days ending October 2, 2026, per CoinGecko data. The token started the week near $90 on September 24, rose to above $150, $230 and $300, and hit an intraday high of $357 on September 30. On October 1 at 08:00 UTC, OKX launched USDT-margined QNT perpetual futures contracts across its web, app and API interfaces, subject to regional availability. The contract settles in USDT and trades around the clock.
At the time of the futures launch, QNT traded near $249, down 16% in the prior 24 hours, with a 24-hour price range between $242 and $305. Daily trading volume was around $451 million, down 41% from the previous day but still well above pre-rally levels. QNT's market capitalization was approximately $3.62 billion, ranking it 34th among tracked cryptocurrencies, with roughly 15 million tokens in circulation.
Why it matters
The QNT rally accelerated after The Clearing House announced on September 24 that Quant would power its On-Chain Money Initiative, a network for clearing and settling tokenized commercial bank deposits. The system will connect to existing payment rails including RTP and CHIPS, which together clear more than $2 trillion daily. Participating institutions are expected to access the network in the first half of 2027.
Quant already has existing banking infrastructure use cases in the UK. In September, seven UK banks including Barclays, HSBC UK, Lloyds, Monzo, Nationwide, NatWest and Santander completed live tokenized sterling deposit transactions using Quant-built infrastructure, per UK Finance. OKX stated it did not link the futures listing to QNT's recent price performance and did not provide a price forecast for the token.
Background
- Quant founder and CEO Gilbert Verdian transferred 25,776 QNT, worth roughly $6.97 million, from a wallet inactive for seven years to a newly created wallet in early October 2026. The original wallet still holds approximately 600,000 QNT, worth roughly $160.39 million.
What is still unclear
- It is unconfirmed whether QNT's recent price rally influenced OKX's decision to list the perpetual futures, as the exchange did not tie the listing to the token's performance.
- No specific participating institutions have been named for The Clearing House's tokenized deposit network, which is scheduled to launch in the first half of 2027.
Questions readers ask
Why did QNT's price rise in late September 2026?
The rally accelerated after The Clearing House announced on September 24 that Quant would power its On-Chain Money Initiative for tokenized bank deposits. QNT climbed from around $90 on that date to an intraday high of $357 on September 30.
What are the specs of OKX's QNT perpetual futures?
The USDT-margined contract launched on October 1, 2026, settles in USDT, trades 24/7, and uses the QUANT/USDT index as its price reference. Funding fees normally settle every four hours, with the interval shortening to one hour during extreme conditions.
What are the risks of trading QNT futures with high leverage?
Perpetual futures allow leveraged long or short positions without a fixed expiry date. Higher leverage magnifies both profits and losses, and liquidation risk rises when price moves quickly against a position, per OKX's contract notes.
