OKX to Enable Margin Trading & Savings and List Perpetual for RSR/WNXM/BAL/STORJ/BTM/LRC/ZIL/BTT
Dear valued customers,
We are pleased to announce that RSR, WNXM, BAL, STORJ and LRC margin trading and savings feature will be enabled at 10:00 on September 9, 2020 (UTC). USDT-margined Perpetual Swap for RSR, WNXM, BAL, STORJ, BTM, LRC, ZIL and BTT will be listed at the same time.
The updates will cover the Web, APP and API. Details are as follows:
I. Margin Trading and Savings
1. Spot margin trading will be activated for following pairs: RSR/USDT, WNXM/USDT, BAL/USDT, STORJ/USDT, LRC/USDT, RSR/BTC, BAL/BTC, LRC/BTC.
2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.
II. Perpetual Swap Trading
1. Perpetual Swap Introduction
RSRUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
RSR/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
100 RSR |
|
Price Quotation |
1 RSR value calculated in USDT equivalent |
|
Tick Size |
0.00001 |
|
Leverage |
0.01-75 x |
|
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) |
WNXMUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
WNXM/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.1 WNXM |
|
Price Quotation |
1 WNXM value calculated in USDT equivalent |
|
Tick Size |
0.01 |
|
Leverage |
0.01-75 x |
|
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) |
BALUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
BAL/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.1 BAL |
|
Price Quotation |
1 BAL value calculated in USDT equivalent |
|
Tick Size |
0.01 |
|
Leverage |
0.01-75 x |
|
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) |
STORJUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
STORJ/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
10 STORJ |
|
Price Quotation |
1 STORJ value calculated in USDT equivalent |
|
Tick Size |
0.0001 |
|
Leverage |
0.01-75 x |
|
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) |
BTMUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
BTM/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
100 BTM |
|
Price Quotation |
1 BTM value calculated in USDT equivalent |
|
Tick Size |
0.00001 |
|
Leverage |
0.01-75 x |
|
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) |
LRCUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
LRC/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
10 LRC |
|
Price Quotation |
1 LRC value calculated in USDT equivalent |
|
Tick Size |
0.0001 |
|
Leverage |
0.01-75 x |
|
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) |
ZILUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
ZIL/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
100 ZIL |
|
Price Quotation |
1 ZIL value calculated in USDT equivalent |
|
Tick Size |
0.00001 |
|
Leverage |
0.01-75 x |
|
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) |
BTTUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
BTT/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
10,000 BTT |
|
Price Quotation |
1 BTT value calculated in USDT equivalent |
|
Tick Size |
0.0000001 |
|
Leverage |
0.01-75 x |
|
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 of RSR/WNXM/BAL/STORJ/BTM/LRC/ZIL/BTT USDT-margined Perpetual Swap trading are the same as that of other currencies. 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 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 9, 2020 (UTC)
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