OKX to Enable Margin Trading & Savings and List Perpetual for FITFI

We are pleased to announce that FITFImargin trading and savings will be enabled at 7:00 am UTC on May. 11. USDT-margined perpetual swaps for FITFI will be listed at the same time.

The updates will cover both the web and app interfaces as well as API. The details are as follows:

Margin Trading and Savings

Spot margin trading will be activated for the following pairs: FITFI/USDT
For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiersafter the official listing.
For the limits of Savings, please refer to the Business Rules for Savingsafter the official listing.

Perpetual Swap Trading

FITFIUSDT Perpetual Swap:

Feature	Details
Underlying	FITFI/USDT Index
Settlement asset	USDT
Face value	10FITFI
Price quotation	1 FITFI value calculated in USDT equivalent
Tick size	0.0001
Leverage	0.01-75 x
Funding rate	Clamp(MA(((best bid best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0
Trading hours	24/7

Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 16:00 pm UTC on May. 11is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on May. 12).

The price limit rules of FITFIUSDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.

USDT-margined perpetual swap trading: OKX USDT Margined Perpetual Swap Trading User Agreement & Guide

OKX
May. 11, 2022 (UTC)

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