OKX to Adjust Position Tiers of Several Futures
OKX to Adjust Position Tiers of Several Futures
According to a recent announcement by OKX, the cryptocurrency exchange will adjust the position tiers of TURBOUSDT perpetual futures to improve market liquidity and mitigate risks. The changes will take effect between 8:00 am and 10:00 am UTC on June 3, 2024.
Details of the Adjustment
The adjustment will involve changes in the maximum amount, maintenance margin ratio, minimum initial margin ratio, and maximum leverage for various tiers of the TURBOUSDT perpetual futures contract. The table below outlines the specific changes:
| Contract | Tier | Before | After | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Max. amount (Cont) | Maintenance margin ratio | Min. initial margin ratio | Max. leverage | Max. amount (Cont) | Maintenance margin ratio | Min. initial margin ratio | Max. leverage | ||
| TURBOUSDT Perpetual | 1 | 5,000 | 2.00% | 5.00% | 20 | 2,500 | 2.00% | 5.00% | 20 |
| 2 | 10,000 | 3.00% | 6.66% | 15 | 5,000 | 3.00% | 6.66% | 15 | |
| 3 | 15,000 | 5.00% | 10.00% | 10 | 7,500 | 5.00% | 10.00% | 10 | |
| 4 | Increase by 5,000 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 | Increase by 2,500 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 | |
For more details, you can refer to the official announcement.
Risk Disclaimer
OKX has issued a risk disclaimer regarding the position tier adjustments. Users' maintenance margin ratio may increase due to these changes and market volatility. To prevent forced liquidations, users are encouraged to decrease leverage by either increasing margins or closing positions.
It is important to note that the information provided by OKX is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and it should not be construed as financial, investment, or other forms of advice.
For more information, please refer to OKX's Terms of Service and Risk & Compliance Disclosure.
OKX team
May 30, 2024