Auto-renewal is now available for Dual Investment!
Published on 27 Sept 20232 min read
Start compounding your returns with the new Dual Investment auto-renewal feature. Launching on Sep 27, 4:00 UTC, it'll be available for existing and new orders on both the OKX app and web.
How to enable auto-renewal?
- Step 1: Subscribe to any Dual Investment product.
- Step 2: Enable auto-renewal with the toggle on the Dual Investment subscription page or order details page. Note that you can only cancel auto-renewal on the order details page.
How does auto-renewal work?
Depending on the outcome of your current term, there are two possible scenarios:
- If you successfully buy low or sell high, we'll automatically cancel your auto-renewal and return both principal and interest to your Funding account.
- If you fail to buy low or sell high, we'll automatically subscribe your principal and interest to a product at the same target price.
Example
Let's assume you subscribed to a Buy BTC low product with the target price at $26,000. On the expiration date:
- If the BTC price is less than or equal to $26,000, you'll successfully buy BTC at $26,000 and earn BTC interest. In this scenario, we'll automatically cancel your auto-renewal.
- If the BTC price is more than $26,000, you'll earn USDT interest. In this scenario, we'll automatically subscribe your principal and interest to a product with the target price at $26,000.
We look forward to providing you with more features in the future!
OKX team
September 27, 2023