OKX Announces Position Tier Adjustments for BTCUSDT and BTCUSD Expiry Futures
Peter Zhang Jul 03, 2024 15:13
OKX will adjust position tiers for BTCUSDT and BTCUSD expiry futures to improve market liquidity and mitigate risks, effective July 8, 2024.
Cryptocurrency exchange OKX has announced upcoming adjustments to the position tiers for BTCUSDT and BTCUSD expiry futures. These changes are slated to take effect from 8:00 am to 10:00 am UTC on July 8, 2024, according to a statement from OKX.
Adjustment Details
The primary goal of these adjustments is to enhance market liquidity and mitigate potential risks. OKX has provided a detailed breakdown of the specific adjustments, which can be viewed on their official announcement page. The exchange has also issued a risk disclaimer, advising users to be aware of the potential impacts on their maintenance margin ratio due to the tier adjustments and market volatility.
Impact on Users
OKX has cautioned users that the adjustments could lead to an increase in the maintenance margin ratio. To avoid forced liquidations, users are encouraged to either increase their margins or close positions to decrease leverage. The exchange emphasizes the importance of understanding these changes and managing risk accordingly.
Risk Warning
OKX has reiterated that the information provided is for educational purposes only and does not constitute financial, investment, or other forms of advice. They stress the speculative nature of digital assets and the high volatility associated with them. Investors are urged to conduct their own research and assess their risk tolerance before engaging in trading activities.
For more detailed information, users can refer to the official announcement from OKX.
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