In order to improve market liquidity and mitigate risks, OKX will adjust the position tiers of ETHWUSDT perpetual swaps and ETHW/USDT margin trading at 6:00-7:00 am UTC on Sep. 21.
Specific adjustment details are as follows:
ETHWUSDT perpetual swaps:
|
Contract |
Tier |
Min. amount (Cont) (Before) |
Max. amount (Cont) (After) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
ETHWUSDT Perpetual |
1 |
1,200 |
4,800 |
1.00% |
1.30% |
75 |
|
2 |
3,000 |
12,000 |
1.50% |
2.00% |
50 |
|
|
3 |
12,000 |
48,000 |
2.00% |
5.00% |
20 |
|
|
4 |
24,000 |
96,000 |
2.50% |
5.50% |
18.18 |
|
|
5 |
Increase by 12,000 conts from the previous tier |
Increase by 48,000 conts from the previous tier |
Increase by 0.5% from the previous tier |
Increase by 0.5% from the previous tier |
Max. leverage of the tier |
ETHW/USDT margin trading:
|
Trading Pairs |
Tier |
Max. borrow amount (Base currency) (Before) |
Max. borrow amount (Base currency) (After) |
Max. borrow amount (USDT / BTC) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
ETHW/USDT |
1 |
100 |
200 |
1,500 |
8.00% |
20.00% |
5 |
|
2 |
200 |
400 |
3,000 |
10.00% |
33.00% |
3 |
|
|
3 |
300 |
600 |
4,500 |
15.00% |
50.00% |
2 |
|
|
4 |
400 |
800 |
6,000 |
16.00% |
51.00% |
1.96 |
|
|
5 |
Increase by 100 from the previous tier |
Increase by 200 from the previous tier |
Increase by 1,500 from the previous tier |
Increase by 1.00% from the previous tier |
Increase by 1.00% from the previous tier |
Max. leverage of the tier |
Learn more: https://www.okx.com/trade-market/position/swap
Risk disclaimer
Users' maintenance margin ratio may increase because of tier adjustments and market volatility. To prevent forced liquidations caused by these adjustments, users are encouraged to decrease leverage by either increasing margins or closing positions.
For any inquiries regarding this adjustment, please feel free to contact us in the OKX Telegram group or via the Support Center.
OKX
Sep. 20, 2022 (UTC)
A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.
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