Dear OKX users,
To improve market liquidity and reduce trading risks, OKX will implement adjustments to the tiered margin rules for delivery contracts. Below are the detailed schedule and updated rules:
Adjustment Schedule
| Time (HKT) | Cryptocurrencies |
|---|---|
| October 22, 15:00–16:30 | BSV, TRX, ETC |
| October 23, 15:00–16:30 | BCH, XRP, LTC |
| October 24, 15:00–16:30 | BTC, EOS, ETH |
Note: Trading remains operational during the transition. Should significant market volatility occur, updates will be announced.
Updated Tiered Margin Rules
Key Changes:
- Position Limits: Adjusted maximum contracts per tier.
- Margin Rates: Revised maintenance and initial margin requirements.
- Leverage: Recalculated maximum leverage per tier.
Parameters by Cryptocurrency
| Currency | Tier 1 Limit (Contracts) | Incremental Limit per Tier | Base Maintenance Margin | Base Initial Margin |
|---|---|---|---|---|
| BTC | 2,000 | 20,000 | 0.50% | 1.00% |
| ETH | 10,000 | 50,000 | 1.00% | 2.00% |
| EOS | 10,000 | 50,000 | 1.00% | 2.00% |
| LTC | 10,000 | 20,000 | 1.00% | 2.00% |
| BCH | 10,000 | 20,000 | 1.00% | 2.00% |
| ETC | 20,000 | 20,000 | 1.50% | 3.00% |
| XRP | 20,000 | 20,000 | 1.50% | 3.00% |
| TRX | 10,000 | 10,000 | 2.00% | 5.00% |
| BSV | 10,000 | 10,000 | 2.00% | 5.00% |
Tier Calculation Formulas
| Parameter | Formula | Example (BTC, Tier 3) |
|---|---|---|
| Contracts per Tier | Tier 1 Limit + (Tier Number – 1) × Incremental Limit | 2,000 + 2×20,000 = 42,000 |
| Maintenance Margin Rate | Base Maintenance Margin + (Tier Number – 1) × 0.5% | 0.5% + 2×0.5% = 1.5% |
| Initial Margin Rate | Base Initial Margin + (Tier Number – 1) × 0.5% | 1.0% + 2×0.5% = 2.0% |
| Maximum Leverage | 1 ÷ Initial Margin Rate | 1 ÷ 2.0% = 50× |
Caps:
– Maintenance margin rate max: 50.0% for all currencies.
Risk Management Advisory
Recent market volatility necessitates careful review of your positions post-adjustment. Key actions:
– Monitor: Check updated margin rates for your holdings.
– Adjust: Reduce exposure or add funds to avoid liquidation.
👉 Learn how to optimize your trading strategy post-adjustment
FAQs
Q1: Will my open positions be affected during the transition?
A: No, existing positions remain active. Changes apply to new trades post-adjustment.
Q2: How do I check my position’s new margin requirements?
A: Use OKX’s built-in calculator or refer to the updated tier tables above.
Q3: What if I’m unable to meet the new margin requirements?
A: Consider partial closing, adding collateral, or using lower leverage.
Q4: Are these changes permanent?
A: Adjustments reflect current market conditions and may be revised in the future.
OKX is committed to delivering secure, innovative trading solutions. Stay updated via our official channels.