Margin Trading and Savings for COMP And COMPUSDT Perpetual Swap Now Available
Dear valued customers,
We are pleased to announce that Margin Trading and Savings for COMP is officially live on the OKX website and API from 07:00 Jun 30, 2020 (UTC). COMPUSDT Perpetual Swap trading is officially live on the OKX website and API from 07:00 Jul 01, 2020 (UTC). Details as follows:
I. Margin Trading and Savings for COMP
1. Trading pairs of COMP against USDT and BTC will be available for spot margin trading;
2. For the tiered margin ratio system for spot margin trading, please refer to the Margin Borrowing Position Tiers after the launch.
3. For the rules for limits about Savings, please refer to the Business Rules for Savings after the launch.
II. COMPUSDT Perpetual Swap trading
From 07:00 to 07:10 on Jul 01, 2020 (UTC), features of market quote, order placement, order cancellations, order amendments, margin addition and transfer could be suspended for all Perpetual Trading (except for BTC and ETC Perpetual) due to the listing of COMPUSDT Perpetual. It will impact users of website, APP, the desktop client and API access.
Please take necessary measures before the downtime, such as adding margin, lowering the leverage, or even closing the positions to avoid potential risks like forced-liquidations caused by market volatility.
Your account balances will not be impacted and your assets security will not be compromised with the system maintenance.
Please feel free to ask for the latest update on new perpetual listing through Telegram Group (https://t.me/OKXOfficial_English) or contact us via Customer Support.
1. COMPUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
COMP/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.1 COMP |
|
Price Quotation |
1 COMP value calculated in USDT equivalent |
|
Tick Size |
0.01 |
|
Leverage |
0.01-20x |
|
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) |
The price limit rules for COMPUSDT Perpetual Swap trading are the same as perpetual swap trading of other cryptocurrencies. 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:
In order to offer a better trading experience and enhance the liquidity in the perpetual swap market, we will offer higher maker rebates for all cryptocurrencies other than 9 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX) by lowering the maker fee rates of all tiers by 0.020% based on the current fee schedules. We will also increase the taker fee rates of all tiers by 0.030% based on the current fee schedules.
Details as follows (30-day trading volume = total trading volume of all cryptocurrencies):
|
Normal User |
||||
|
Tier |
Total OKB Holding |
30-day Trading Volume (BTC) |
Maker Fee |
Taker Fee |
|
Lv1 |
< 500 |
< 5,000 |
0.000% |
0.080% |
|
Lv2 |
≥ 500 |
< 5,000 |
-0.002% |
0.075% |
|
Lv3 |
≥ 1,000 |
< 5,000 |
-0.003% |
0.070% |
|
Lv4 |
≥ 1,500 |
< 5,000 |
-0.004% |
0.065% |
|
Lv5 |
≥ 2,000 |
< 5,000 |
-0.005% |
0.060% |
|
VIP User |
|||
|
Tier |
30-day Trading Volume (BTC) |
Maker Fee |
Taker Fee |
|
VIP1 |
≥ 5,000 |
-0.010% |
0.060% |
|
VIP2 |
≥ 10,000 |
-0.015% |
0.060% |
|
VIP3 |
≥ 20,000 |
-0.020% |
0.060% |
|
VIP4 |
≥ 60,000 |
-0.025% |
0.060% |
|
VIP5 |
≥ 100,000 |
-0.028% |
0.060% |
|
VIP6 |
≥ 150,000 |
-0.030% |
0.060% |
|
VIP7 |
≥ 200,000 |
-0.035% |
0.060% |
(Note: The maker and taker fee rates for 9 major assets remain unchanged.)
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Jun 29, 2020 (UTC)
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