We are pleased to announce that FITFI margin 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 Savings after the official listing.
Perpetual Swap Trading
FITFIUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
FITFI/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
10 FITFI |
|
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. 11 is 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 FITFI USDT-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)
Click Here to Download OKX App >>>
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.
Sign up and log in with the App to claim your Mystery Box worth up to $10,000