PANews reported on January 13th that OKX announced the launch of FOGO (Fogo) in January 2026, simultaneously converting the FOGO/USDT pre-market contract to a standard perpetual contract: Deposits will open at 14:30 (UTC+8) on January 13th; a call auction will be held from 21:00 to 22:00 on January 15th; FOGO/USDT spot trading will officially open at 22:00; the conversion from pre-market contracts to standard perpetual contracts will be completed within 3 hours of market opening; withdrawals will open at 00:00 on January 16th. Fogo is a Layer 1 blockchain based on SVM, emphasizing an ultra-low latency on-chain trading experience. It was developed by former core trading members from institutions such as Citadel and Jump, and is positioned for high-frequency and tokenized asset trading scenarios.