OKX to adjust discount rates for several assets
OKX will adjust the discount rates for OKB assets in the multi-currency margin mode and portfolio margin mode. The adjustment will take place at 6:00 am – 8:00 am (UTC) on January 25, 2024.
Specific adjustments are as follows:
| Assets | Before | After | ||
|---|---|---|---|---|
| Tiers (USD) | Discount rates | Tiers (USD) | Discount rates | |
| OKB | 0~2,000,000 | 0.95 | 0~1,000,000 | 0.9 |
| 2,000,000~4,000,000 | 0.85 | 1,000,000~2,000,000 | 0.8 | |
| 4,000,000~8,000,000 | 0.5 | 2,000,000~4,000,000 | 0.5 | |
| >8,000,000 | 0 | >4,000,000 | 0 | |
Introduction to discount rates
In multi-currency cross margin mode and portfolio margin mode, different currencies in cross margin accounts can be converted into their USD value and used as margin. Due to significant differences in market liquidity of each currency, the platform calculates their actual USD value based on a certain discount rate in order to balance market risks.
Learn more: Discount rate
Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty nor any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become iliquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to Terms of Service and Risk & Compliance Disclosure for more information.
For any inquiries regarding this adjustment, please feel free to contact us via the OKX Telegram group or the Support Center.
OKX team
January 24, 2024