OKX to Enable Margin Trading and Savings and List Perpetual for XCH
Dear users,
We are pleased to announce that XCH margin trading and savings will be enabled at 9:00 am UTC on May. 8. USDT-margined perpetual swaps for XCH will be listed at the same time.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
I. Margin Trading and Savings
1. Spot margin trading will be activated for following pairs: XCH/USDT, XCH/BTC
2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiersafter the official listing.
3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.
II. Perpetual Swap Trading
1. Perpetual Swap Introduction
XCHUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
XCH/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
0.01 XCH |
|
Price quotation |
1XCH value calculated in USDT equivalent |
|
Tick size |
0.1 |
|
Leverage |
0.01-75 x |
|
Funding rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 |
|
Trading hours |
24/7 |
Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 4:00 pm UTC on May. 8 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on May. 9).
The price limit rules of XCH USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.
USDT-margined perpetual swap trading: OKX USDT Margined Perpetual Swap Trading User Agreement & Guide
2. Activities:
As a way to celebrate USDT-margined perpetual swaps for XCH listing, OKX will offer 50,000 USDT to incentive OKX users.
Detail: /promotion/3S6O/ACE503679
Regards,
OKX
May. 8, 2021 (UTC)
Click Here to Download OKX App >>>