Dear OKX Users,
To enhance market liquidity and mitigate trading risks, OKX will implement adjustments to the tiered margin rules for selected contracts on March 29, 2024, between 4:00 PM and 6:00 PM (UTC+8). Below are the detailed changes:
Key Adjustments Overview
The updated tiered margin rules modify contract specifications across multiple cryptocurrencies, including BTC, ETH, EOS, ETC, LTC, and XRP. Changes affect:
- Maximum Position Limits per Tier
- Maintenance Margin Rates
- Minimum Initial Margin Rates
- Maximum Leverage Multipliers
👉 Explore OKX's advanced trading features to optimize your strategy post-update.
Detailed Rule Adjustments by Contract
BTC Contracts
| Tier | BTCUSD (Before → After) | BTCUSDT (Before → After) |
|------|--------------------------|--------------------------|
| 1 | 1,000 → 12,000 | 1,000 → 4,000 |
| 2 | 3,000 → 15,000 | 2,000 → 6,000 |
| 3 | 12,000 → 24,000 | 4,000 → 8,000 |
| 4 | Incremental +12,000 | Incremental +4,000 |
Leverage Impact:
- BTCUSD max leverage drops from 100x to 50x in Tier 1.
- BTCUSDT Tier 3 now caps at 20x (previously 50x).
ETH Contracts
| Tier | ETHUSD (Before → After) | ETHUSDT (Before → After) |
|------|--------------------------|--------------------------|
| 1 | 5,000 → 50,000 | 800 → 3,000 |
| 2 | 25,000 → 60,000 | 1,500 → 4,000 |
| 3 | 50,000 → 100,000 | 3,000 → 6,000 |
Margin Rate Changes:
- ETHUSD Tier 3 maintenance margin rises to 1.50% (from 0.75%).
Altcoin Contracts (EOS, ETC, LTC, XRP)
- EOSUSD: Tier 1 position limit reduced to 150 (from 800).
- LTCUSDT: Tier 1 now allows only 20 contracts (previously 100).
- XRPUSDT: Tier 3 leverage slashed to 20x (from 50x).
👉 Maximize your trading efficiency with OKX's tools.
Risk Management Advisory
Critical Notice:
Due to heightened market volatility, adjusted rules may increase your position’s maintenance margin requirements. To avoid forced liquidation:
- Reduce leverage by closing or hedging positions.
- Add collateral to meet higher margin demands.
- Monitor positions closely post-update.
FAQs
Q1: When do the new margin rules take effect?
A1: March 29, 2024, 4:00–6:00 PM UTC+8.
Q2: How does this impact my open positions?
A2: Existing positions will be re-evaluated under the new tiers. Check your maintenance margin via the OKX platform.
Q3: Can I still use 100x leverage on BTC contracts?
A3: No. The maximum leverage for BTCUSD Tier 1 is now 50x.
Q4: Will ETHUSDT margin requirements change?
A4: Yes. Tier 1 initial margin rises to 2.00% (from 1.00%).
Q5: Are these changes permanent?
A5: Adjustments are subject to future reviews based on market conditions.
OKX remains committed to delivering robust trading solutions. For real-time updates, visit our official channels.
OKX Team
March 20, 2024
### Keywords Identified:
1. Tiered margin rules
2. Contract adjustments
3. Leverage reduction
4. Maintenance margin
5. BTCUSD updates
6. ETHUSDT changes
7. Risk management