OKX to Enable Margin Trading & Savings and List Perpetual Swap for CRV/UMA
Dear valued customers,
We are pleased to announce that CRV and UMA margin trading and savings feature will be enabled at 07:00 September 4, 2020 (UTC). Coin-margined and USDT-margined Perpetual Swap for CRV and UMA will be listed at the same time. The updates will cover the Web, APP and API. Details as follows:
I. Margin Trading and Savings
1. Spot margin trading will be activated for following pairs: CRV/USDT, UMA/USDT;
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 Savingsafter the launch.
II. Perpetual Swap trading
1. CRVUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
CRV/USD Index |
|
Settlement Coin |
CRV |
|
Face Value |
USD10 |
|
Price Quotation |
1 CRV value calculated in USD equivalent |
|
Tick Size |
0.001 |
|
Leverage |
0.01-75x |
|
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) |
2. CRVUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
CRV/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
1 CRV |
|
Price Quotation |
1 CRV value calculated in USDT equivalent |
|
Tick Size |
0.001 |
|
Leverage |
0.01-75x |
|
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) |
3. UMAUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
UMA/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.1 UMA |
|
Price Quotation |
1 UMA value calculated in USDT equivalent |
|
Tick Size |
0.01 |
|
Leverage |
0.01-75x |
|
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 CRV/UMA 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
Coin-margined perpetual swap trading: OKX-Coin-Margined-Perpetual-Swap-Trading-User-Agreement-Guide
4. 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 10 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX, LINK) 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 10 major assets remain unchanged.)
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Sep 4, 2020 (UTC)
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