Futures Leverage Settings Update

Dear valued customers,

We will update the futures leverage settings in "fixed-margin mode" at 16:00, Mar 13, 2018 (Hong Kong Time, UTC+8).

The details are as follows:

1. Current settings: For the same contract, a user can hold 10x and 20x positions simultaneously, whether they are long or short. It means that a user can hold up to 4 positions in the same contract: long-10x, long-20x, short-10x, short-20x.

After adjustment: For the same contract, a user can only hold either 10x or 20x positions simultaneously for the same side. Therefore, if a 10x short position is opened, a user can still choose to open a 10x or 20x long position. It means that a user can only hold up to 2 positions in the same contract: long-(10x or 20x), short-(10x or 20x).

The new settings will only apply to new open orders initiation. If a user has an open position or order of "long-10x" for a contract, creating a "long-20x" for the same contract will not be possible. However, the settings do not affect creating close orders. Because some of the customers may still be holding positions of both leverages at that time. But you are still advised to keep positions of only one of the leverages before the new settings are deployed, otherwise it may prevent you from creating new open orders.

Please stay tuned for further announcement for detailed effective date and time.

Remarks: the adjustment will also apply to API, desktop client and mobile application.

2. Please also note the following changes, especially for API users:

Current settings: If the value of leverage is empty when submitting the order, our system will set it as 10x by default.

After adjustment: If the value of leverage is empty when submitting the order, our system will set it according to the user's settings (as shown below). T

hank you for your continued support and understanding.

Regards,

OKX

MAR 12, 2018