OKX to Enable Margin Trading & Savings and List Perpetual for MIR/TORN
Dear users,
We are pleased to announce that MIR and TORN margin trading and savings will be enabled at 9:00 am UTC on Feb. 24. USDT-margined perpetual swaps for MIR and TORN will be listed at the same time.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
I. Margin Trading and Savings
1. Spot margin trading will be activated for following pairs: MIR/USDT, TORN/USDT
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
MIRUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
MIR/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1 MIR |
|
Price quotation |
1MIR value calculated in USDT equivalent |
|
Tick size |
0.001 |
|
Leverage |
0.01-75 x |
|
Funding rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 |
|
Trading hours |
24/7 |
TORNUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
TORN/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
0.01 TORN |
|
Price quotation |
1 TORN value calculated in USDT equivalent |
|
Tick size |
0.1 |
|
Leverage |
0.01-75 x |
|
Funding rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 |
|
Trading hours |
24/7 |
Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 4:00 pm UTC on Feb. 24 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on Feb. 25).
The price limit rules of MIR and TORN USDT-margined perpetual swap trading are the same as those 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:
OKX will offer zero maker and taker transaction fees for MIR and TORN USDT-margined perpetual swap trading from 9:00 am UTC on Feb. 24 to 9:00 am UTC on Mar. 25. The trading volume generated from the zero-fee pairs will not be included in the calculation of users' trading volume level.
3. Activities:
As a way to celebrate USDT-margined perpetual swaps for MIR and TORN listing, OKX will offer 50,000 USDT to incentive OKX users during 9:00 am UTC on Feb. 24 to 9:00 am UTC on Mar. 2.
Detail: https://www.OKX.com/promotion/XUDI/ACE503684
Regards,
OKX
Feb. 24, 2021 (UTC)
Click Here to Download OKX App >>>