OKX to adjust position tiers of margins and discount rates

In order to improve market liquidity and mitigate risks, OKX will adjust the position tiers of margins and discount rates between 8:00 am and 10:00 am (UTC) on Oct 25, 2024 and between 8:00 am and 10:00 am (UTC) on Oct 31, 2024.

Adjustments include:

1. Increasing max leverage of trading pairs to 10x.

2. Increasing max borrow amount under the same leverage.

3. Adjusting discount rates according to position tiers.

Specific adjustment details are as follows:

Margin position tiers:

8:00 am – 10:00 am (UTC) on Oct 25, 2024

For more details on the new position tiers, refer to the following Excel file: Oct25 v1

8:00 am – 10:00 am (UTC) on Oct 31, 2024

For more details on the new position tiers, refer to the following Excel file: Oct 31 v1

The position tiers for isolated margin and cross margin in single-currency mode will be adjusted according to the table above. The position tiers for cross margin in both multi-currency mode and portfolio margin mode will be adjusted according to the rules for the base currency of USDT trading pairs in the table above.

Learn more: Position tiers

Discount rate tiers:

The discount rate tiers will be adjusted according to the base currency of USDT trading pairs in the table above.An example of discount rate adjustment:If the base currency's first tier max borrow amount for OKB/USDT is adjusted to 200 OKB, then the max collateral at the first tier of OKB's discount rate tiers is set to be 200 OKB. After the adjustment, the difference between the second tier's and the first tier's maintenance margin ratios is 2% (5% – 3%), and the difference between the first tier's and the second tier's discount rate will also be 2% (0.90 – 0.98). Other tiers calculated similarly.

Learn more: Discount rate tiers

Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty nor any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become iliquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to Terms of Service and Risk & Compliance Disclosure for more information.

For any inquiries regarding this adjustment, please feel free to contact us via the OKX Telegram group or the Support Center.

OKX team
Oct 21, 2024