Dear OKX Users,
To enhance market liquidity and optimize your trading experience, OKX will adjust the minimum price precision and trading quantity precision for selected spot/margin and perpetual contract trading pairs on August 24, 2023 (2:00 PM - 4:00 PM UTC+8).
Key Adjustments Overview
1. Trading Quantity Precision Updates
Pause Notice: Pairs with reduced precision will halt trading for 2 minutes during adjustment.
| Trading Pair | Previous Precision | New Precision | Adjustment Window |
|---|---|---|---|
| EM/USDT | 0.000001 | 0.00001 | 2:01 PM - 2:03 PM |
| DOME/USDT | 0.000001 | 0.00001 | 2:04 PM - 2:06 PM |
| DEP/USDT | 0.000001 | 0.00001 | 2:07 PM - 2:09 PM |
| SPELL/USDT | 0.000001 | 0.00001 | 2:10 PM - 2:12 PM |
👉 Check real-time updates on precision changes
2. Minimum Price Precision Updates
No trading pauses for price precision adjustments.
| Product | Trading Pair | Previous Precision | New Precision |
|---|---|---|---|
| Perpetual | AIDOGE/USDT | 0.000000000001 | 0.0000000000001 |
| Perpetual | TON/USDT | 0.001 | 0.0001 |
| Spot | ALGO/USDT | 0.0001 | 0.00001 |
| Spot | ZBC/USDT | 0.00001 | 0.000001 |
(Full list available in original announcement.)
Risk Management During Adjustments
- Trading Halts: Pairs with reduced quantity precision pause for 2 minutes; orders cannot be placed/modified.
- Unaffected Pairs: Adjustments increasing precision proceed without interruptions.
Order & Position Handling Rules
Trading Quantity Precision Adjustments
For Open Orders:
- Reduced Precision: Orders exceeding new precision will be canceled (e.g., 8.0001 → canceled if new precision is 0.01).
- Grid/Martingale Strategies: Terminated if orders are canceled.
- Other Strategies: Resume trading post-adjustment with updated precision.
API Users:
- System auto-truncates orders to new precision; manual updates recommended.
Minimum Price Precision Adjustments
For Open Orders:
- Reduced Precision: Orders with finer precision than new standard are canceled (e.g., 130.2442 → canceled if new precision is 0.01).
- Display Rules: Web/mobile interfaces show historical orders at new precision; API retains original values.
👉 Learn how to adapt your trading strategy
FAQs
Q1: Will my existing positions be affected?
A: No. Only open orders violating new precision rules may be canceled.
Q2: How long will trading be paused?
A: Exactly 2 minutes per affected pair during quantity precision reduction.
Q3: Can I place orders during the adjustment window?
A: Only for pairs not undergoing quantity precision reductions.
Q4: How does this impact API trading?
A: API orders auto-adjust but may require strategy updates for optimal execution.
OKX remains committed to delivering superior trading tools and seamless experiences. We appreciate your understanding and encourage reviewing your strategies ahead of these changes.
OKX Team
August 17, 2023