Dear OKX Users,
To enhance your trading experience, reduce transaction costs, and improve overall liquidity, OKX will adjust the discount rates for select cryptocurrencies in cross-currency margin and portfolio margin modes during the following periods:
- November 24, 2023 (14:00–16:00 UTC+8)
- November 28, 2023 (14:00–16:00 UTC+8)
Key Adjustments
November 24, 2023
Tiered Discount Rates for Major Cryptocurrencies
| Currency (Before) | Currency (After) | Tier (USD) | Discount Rate |
|---|---|---|---|
| BTC, ETH, USDT, USDC | BTC, ETH, USDT, USDC | 0–5M | 1.0 |
| 5M–10M | 0.975 | ||
| 10M–20M | 0.975 | ||
| 20M–40M | 0.95 | ||
| 40M–100M | 0.9 | ||
| >100M | 0 |
Mid-Cap and Altcoin Adjustments
- BETH, LTC, OKB: Rates reduced to 0.95–0 based on tiers.
- ADA, ATOM, AVAX, etc.: Adjusted to 0.9–0 with stricter tiers.
👉 Explore margin trading strategies
November 28, 2023
Simplified Discount Structure
| Currency | Previous Tier (USD) | New Tier (USD) | Rate Change |
|---|---|---|---|
| BAT, KSM | 0–250K (0.8) | 0–50K (0.5) | More conservative |
Understanding Discount Rates
Discount rates reflect market liquidity risks. Assets are converted to USD at a discounted value to mitigate volatility.
Example: A coin with a 0.8 rate means $1000 in assets counts as $800 for margin.
FAQ
1. Why adjust discount rates?
To align with market liquidity and risk profiles, ensuring platform stability.
2. How do tiers work?
Higher tiers apply progressively lower discounts. E.g., >$100M positions get 0% value.
3. Where can I check current rates?
Visit OKX’s Discount Rate Page.
👉 Maximize your trading efficiency
Risk Reminder: Cryptocurrencies are volatile. Assess risks independently before investing.
OKX is committed to delivering superior products and services.
Last Updated: November 17, 2023
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