Postponement of face value adjustment
Due to increased market volatility, the face value adjustment for USDT-margined perpetual swap and futures trading originally scheduled for 9:00 am UTC on May 25 has been postponed. The new adjustment time will be announced soon.
OKX
May 25, 2021 (UTC)
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OKX to adjust the Face Value for USDT-margined Perpetual Swap and Futures Trading
To enhance the liquidity of our USDT-margined perpetual swaps and futures markets, we will adjust the face values of USDT-margined contracts, as detailed below. The face values of the following USDT-margined contracts will be adjusted at 9:00 am May. 25 (UTC).
The face value adjustments will be estimated to last for 30 minutes, during which we will suspend the corresponding trading services for Classic account mode and will suspend all trading services for Unified account mode. Users will not be allowed to place or cancel orders, add margins and transfer fund. In order to ensure trading safety and control risk, please take necessary measures in advance, such as canceling orders, reducing positions, or adding margin to avoid potential risks.
1. Contracts to be adjusted
I. USDT-margined perpetual swaps
|
Contract |
Current Face Value |
Adjusted Face Value |
Adjustment Multiplier |
|
BTCUSDT |
0.01 |
0.001 |
1/10 |
|
ETHUSDT |
0.1 |
0.001 |
1/100 |
|
ADAUSDT |
100 |
1 |
1/100 |
|
ATOMUSDT |
1 |
0.1 |
1/10 |
|
BCHUSDT |
0.1 |
0.01 |
1/10 |
|
BNTUSDT |
10 |
1 |
1/10 |
|
BSVUSDT |
1 |
0.01 |
1/100 |
|
BTTUSDT |
10000 |
1000 |
1/10 |
|
COMPUSDT |
0.1 |
0.01 |
1/10 |
|
CVCUSDT |
100 |
10 |
1/10 |
|
DASHUSDT |
0.1 |
0.01 |
1/10 |
|
DOGEUSDT |
1000 |
10 |
1/100 |
|
DOTUSDT |
1 |
0.1 |
1/10 |
|
EOSUSDT |
10 |
1 |
1/10 |
|
ETCUSDT |
10 |
0.1 |
1/100 |
|
IOSTUSDT |
1000 |
100 |
1/10 |
|
LINKUSDT |
1 |
0.1 |
1/10 |
|
LTCUSDT |
1 |
0.01 |
1/100 |
|
MKRUSDT |
0.01 |
0.001 |
1/10 |
|
NEARUSDT |
10 |
1 |
1/10 |
|
NEOUSDT |
1 |
0.1 |
1/10 |
|
THETAUSDT |
10 |
1 |
1/10 |
|
TRXUSDT |
1000 |
10 |
1/100 |
|
XLMUSDT |
100 |
10 |
1/10 |
|
XMRUSDT |
0.1 |
0.01 |
1/10 |
|
XRPUSDT |
100 |
1 |
1/100 |
|
ZECUSDT |
0.1 |
0.01 |
1/10 |
|
ZENUSDT |
1 |
0.1 |
1/10 |
II. USDT-margined futures
|
Contract |
Current Face Value |
Adjusted Face Value |
Adjustment Multiplier |
|
BTCUSDT |
0.01 |
0.001 |
1/10 |
|
ETHUSDT |
0.1 |
0.001 |
1/100 |
|
ADAUSDT |
100 |
1 |
1/100 |
|
BCHUSDT |
0.1 |
0.01 |
1/10 |
|
BSVUSDT |
1 |
0.01 |
1/100 |
|
DOTUSDT |
1 |
0.1 |
1/10 |
|
EOSUSDT |
10 |
1 |
1/10 |
|
ETCUSDT |
10 |
0.1 |
1/100 |
|
LINKUSDT |
1 |
0.1 |
1/10 |
|
LTCUSDT |
1 |
0.01 |
1/100 |
|
TRXUSDT |
1000 |
10 |
1/100 |
|
XRPUSDT |
100 |
1 |
1/100 |
2. Changes on holdings and pending orders
During the adjustment, users’ positions and number of pending orders relating to the above contracts will also be adjusted, those of other contracts will remain unchanged. Details as follows:
Ⅰ. Holdings:
The number of contracts held will be increased by 1/X times after the adjustment, where X is the adjustment multiplier. If the unit is cryptocurrency, the number of tokens held will remain unchanged.
Example: Before the adjustment, the user holds 1 BTCUSDT perpetual swap contract with total value of 0.01 BTC; after the adjustment, the number contracts will be increased into 10 and the value will remain unchanged.
Ⅱ. Pending orders:
After the adjustment, the number of all pending orders will be increased by 1/X times, where X is the adjustment multiplier. If the unit is cryptocurrency, the number will remain the unchanged.
Example: Before the adjustment, the user places a limit order for 1 BTCUSDT perpetual swap contracts with total value 0.01 BTC; after the adjustment, the number of contracts for the order will be increased into 10 with the same total value.
Ⅲ. Position tiers:
After the adjustment, the position tiers will be increased by 1/X times, where X is the adjustment multiplier.
Example: Before the adjustment, the max amount of position tier 1 for BTC perpetual swap is 500, with total value 0.05 BTC. After the adjustment, the max amount of position tier 1 for BTC perpetual swap will be increased into 5,000 with the same total value.
Thank you for your continued support and we assure you of our best services at all times.
Regards,
OKX
May. 8, 2021 (UTC)
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