OKX announces planned adjustments for XRP indexes and derivatives products
Dear valued customers,
In order to improve the index stability and prevent market risks, OKX will adjust the components of XRP/USDT, XRP/USD and XRP/BTC index at 10:00 on January 6,2021(UTC), tiered maintenance margin ratio of XRP/USDT pair, XRP/BTC pair, XRPUSDT Futures, XRPUSD Futures, XRPUSDT Perpetual Swap, XRPUSD Perpetual Swap at 10:00 on December 31,2020(UTC).
Adjustments:
1. Index Adjustment
Before adjustment:
|
Index |
Exchange |
Pair |
Weight |
|
XRP/USDT |
OKX |
XRP/USDT |
20% |
|
Binance |
XRP/USDT |
20% |
|
|
Huobi |
XRP/USDT |
20% |
|
|
BitFinex |
XRP/BTC |
20% |
|
|
Bittrex |
XRP/BTC |
20% |
|
Index |
Exchange |
Pair |
Weight |
|
XRP/USD |
OKX |
XRP/BTC |
25% |
|
Bitstamp |
XRP/USD |
25% |
|
|
Bittrex |
XRP/BTC |
25% |
|
|
Poloniex |
XRP/BTC |
25% |
|
Index |
Exchange |
Pair |
Weight |
|
XRP/BTC |
OKX |
XRP/BTC |
10% |
|
Binance |
XRP/ BTC |
10% |
|
|
Huobi |
XRP/BTC |
10% |
|
|
CoinBase |
XRP/BTC |
10% |
|
|
Poloniex |
XRP/BTC |
10% |
|
|
OKX_INDEX |
XRP/USDT |
50% |
After adjustment:
|
Index |
Exchange |
Pair |
Weight |
|
XRP/USDT |
OKX |
XRP/USDT |
25% |
|
Binance |
XRP/USDT |
25% |
|
|
Huobi |
XRP/USDT |
25% |
|
|
Gate |
XRP/USDT |
25% |
|
Index |
Exchange |
Pair |
Weight |
|
XRP/USD |
OKX |
XRP/USDT |
25% |
|
Binance |
XRP/USDT |
25% |
|
|
Huobi |
XRP/USDT |
25% |
|
|
Gate |
XRP/USDT |
25% |
|
Index |
Exchange |
Pair |
Weight |
|
XRP/BTC
|
OKX |
XRP/BTC |
20% |
|
Binance |
XRP/BTC |
20% |
|
|
Huobi |
XRP/BTC |
20% |
|
|
Gate |
XRP/BTC |
20% |
|
|
OKX_INDEX |
XRP/USDT |
20% |
2. Adjustment of maintenance margin ratio tiers
(1) Adjusted tiers of XRP/USDT pair and XRP/BTC pair:
XRP/USDT：
|
Tier |
XRP max borrow amount |
USDT max borrow amount |
Maintenance margin ratio |
Min initial margin ratio |
Max leverage |
|
1 |
120,000 |
30,000 |
8.00% |
11.00% |
10 |
|
2 |
600,000 |
150,000 |
11.00% |
25.00% |
5 |
|
3 |
800,000 |
200,000 |
12.00% |
26.00% |
4.85 |
|
4 |
Increase by 100,000 conts from the previous tier |
Increase by 50,000 conts from the previous tier |
Increase by 1 % from the previous tier |
Increase by 1 % from the previous tier |
Max. leverage of the tier |
XRP/BTC：
|
Tier |
XRP max borrow amount |
BTC max borrow amount |
Maintenance margin ratio |
Min initial margin ratio |
Max leverage |
|
1 |
20,000 |
0.6 |
8.00% |
11.00% |
10 |
|
2 |
100,000 |
3 |
11.00% |
25.00% |
5 |
|
3 |
200,000 |
6 |
12.00% |
26.00% |
4.85 |
|
4 |
Increase by 100,000 conts from the previous tier |
Increase by 3 conts from the previous tier |
Increase by 1 % from the previous tier |
Increase by 1 % from the previous tier |
Max. leverage of the tier |
(2) Adjusted tiers of XRPUSD future contract:
|
Tier |
Min. amount (Cont) |
Max. amount (Cont) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
1 |
0 |
10,000 |
1.50% |
3.00% |
33.33 |
|
2 |
10,001 |
20,000 |
2.00% |
3.50% |
28.57 |
|
3 |
20,001 |
30,000 |
2.50% |
4.00% |
25.00 |
|
4 |
Increase by 10,000 conts from the previous tier |
Increase by 10,000 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 |
(3) Adjusted tiers of XRPUSDT future contract:
|
Tier |
Min. amount (Cont) |
Max. amount (Cont) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
1 |
0 |
500 |
1.50% |
3.00% |
33.33 |
|
2 |
501 |
1,000 |
2.00% |
3.50% |
28.57 |
|
3 |
1,001 |
1,500 |
2.50% |
4.00% |
25.00 |
|
6 |
Increase by 500 conts from the previous tier |
Increase by 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 |
(4) Adjusted tiers of XRPUSD perpetual contract:
|
Tier |
Min. amount (Cont) |
Max. amount (Cont) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
1 |
0 |
5,000 |
1.50% |
3.00% |
33.33 |
|
2 |
5,001 |
10,000 |
2.00% |
3.50% |
28.57 |
|
3 |
10,001 |
15,000 |
2.50% |
4.00% |
25.00 |
|
6 |
Increase by 5,000 conts from the previous tier |
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 |
(5) Adjusted tiers of XRPUSDT perpetual contract:
|
Tier |
Min. amount (Cont) |
Max. amount (Cont) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
1 |
0 |
2,500 |
1.50% |
3.00% |
33.33 |
|
2 |
2,501 |
5,000 |
2.00% |
3.50% |
28.57 |
|
3 |
5,001 |
7,500 |
2.50% |
4.00% |
25.00 |
|
4 |
Increase by 2,500 conts from the previous 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 |
Risk Disclaimer
When the index component is adjusted, it may cause the mark price fluctuation of the index and the corresponding margin and contract trading. Users' maintenance margin ratio may increase because of the recent market volatility and the tier adjustment.
To prevent forced liquidation caused by the adjustment, please decrease the actual leverages by operations such as closing out and increasing margins.
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
December 30, 2020(UTC)
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