Margin Trading and Savings for DOGE And DOGEUSDT Perpetual Swap Now Available
Dear valued customers,
We are pleased to announce that DOGE Margin Trading, Savings and USDT-margined perpetual swap is officially live on the OKX website and API from 03:00 July 10, 2020 (UTC).
I. Margin Trading and Savings for DOGE
1. Trading pairs of DOGE against USDT 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. DOGEUSDT Perpetual Swap trading
From 03:00 to 03:30 on July 10, 2020 (UTC), features of market quote, order placement, order cancellations, order amendments, margin addition and transfer could be suspended for all Swap Trading due to the listing of DOGEUSDT swap. 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 swap listing through Telegram Group (https://t.me/OKXOfficial_English) or contact us via Customer Support.
1. DOGEUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
DOGE/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
1,000 DOGE |
|
Price Quotation |
1 DOGE value calculated in USDT equivalent |
|
Tick Size |
0.000001 |
|
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 DOGEUSDT Perpetual Swap trading are the same as perpetual swap trading of other cryptocurrencies. Please refer to our perpetual swap trading guides for further details.
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
July 9, 2020 (UTC)
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