OKX to Enable Margin Trading & Savings and List Perpetual for YFV/BAND
Dear valued customers,
We are pleased to announce that YFV and BAND margin trading and savings feature will be enabled at 07:00 on September 7, 2020 (UTC). USDT-margined Perpetual Swap for YFV and BAND 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: YFV/USDT, BAND/USDT, BAND/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
YFVUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
YFV/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.1 YFV |
|
Price Quotation |
1 YFV 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) |
BANDUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
BAND/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
1 BAND |
|
Price Quotation |
1 BAND 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) |
The price limit rules of YFV/BAND 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 7, 2020 (UTC)
Click Here to Download OKX App >>>