OKX to Enable Margin Trading & Savings and List USDT-margined Perpetual Swap for FLM
Dear users,
We are pleased to announce that FLM margin trading and savings feature will be enabled at 06:00 September 29, 2020 (UTC) . USDT-margined Perpetual Swap for FLM will be listed at the same time.
The updates will cover the Web, APP and API. Details are as follows:
I. Margin Trading and Savings
1. Spot margin trading will be activated for following pairs: FLM /USDT
2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.
II. Perpetual Swap Trading
1. Perpetual Swap Introduction
FLMUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
FLM/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
10 FLM |
|
Price Quotation |
1 FLM value calculated in USDT equivalent |
|
Tick Size |
0.001 |
|
Leverage |
0.01-75 x |
|
Funding Rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.3%, 0.3%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
08:00 every day (UTC) |
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 (UTC) on September 29 is 0.03%. After 16:00, 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(UTC) on September 30)
The price limit rules of FLMUSDT-margined Perpetual Swap trading are the same as that 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
2. Fee tier requirements:
OKX will offer a ZERO transaction fee in the FLMUSDT perpetual trading in one month, for both Taker and Maker. The trading volume generated from zero-fee pairs will not be counted for the calculation of users' trading volume level.
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Sep 29, 2020 (UTC)
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