To enhance market liquidity and index stability, OKX will adjust the components of the STX/USD and STX/USDT indexes between 2:00–4:00 PM (UTC+7) on March 22, 2023. The specific changes are outlined below:
Index Component Adjustments
| Index | Before Adjustment | After Adjustment |
|---|---|---|
| STX/USD | Binance: STX/USDT (20%) | Binance: STX/USDT (20%) |
| OKX: STX/USDT (20%) | OKX: STX/USDT (20%) | |
| Kucoin: STX/USDT (20%) | Kucoin: STX/USDT (20%) | |
| Gate: STX/USDT (20%) | Gate: STX/USDT (20%) | |
| Coinbase: STX/USD (20%) | Kraken: STX/USD (20%) | |
| STX/USDT | Binance: STX/USDT (20%) | Binance: STX/USDT (20%) |
| OKX: STX/USDT (20%) | OKX: STX/USDT (20%) | |
| Kucoin: STX/USDT (20%) | Kucoin: STX/USDT (20%) | |
| Gate: STX/USDT (20%) | Gate: STX/USDT (20%) | |
| Coinbase: STX/USD (20%) | Kraken: STX/USD (20%) |
Note: New index components will take effect within 60 minutes after the adjustment.
Key Details of the Index Calculation
- Real-Time Data: The latest price and volume for each index component are sourced from selected exchanges in real time.
- Invalid Data Handling:
- If an exchange undergoes maintenance or fails to update price/volume data, its component data is temporarily excluded.
- If a trading pair in the sample doesn’t match the index’s pair, conversions are made using benchmarks like BTC/USDT or USDT/USD.
- Final Calculation Rules:
- ≥3 Valid Exchanges: Weighted average price (outliers beyond ±3% of the mean are capped).
- 2 Valid Exchanges: Simple average price.
- 1 Valid Exchange: Its latest price becomes the index price.
Implications for Traders
The adjustment may cause reference price fluctuations, affecting:
– Futures and margin trading for STX.
– Liquidation risks due to volatility.
👉 Proactive Risk Management Tips
Recommended Actions:
– Reduce positions.
– Increase margin collateral.
– Lower leverage or close positions preemptively.
FAQs
Q: When will the adjusted indexes go live?
A: Within 60 minutes post-adjustment (by 5:00 PM UTC+7 on March 22, 2023).
Q: Why replace Coinbase with Kraken for STX/USD?
A: To improve liquidity and data accuracy.
Q: How are extreme price outliers handled?
A: Prices deviating >3% from the mean are adjusted to the ±3% boundary.
Q: Where can I get support?
A: Contact OKX via Support Center.
Disclaimer: Users are advised to monitor market conditions and adjust strategies accordingly.
OKX | March 22, 2023 (UTC+7)