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We are pleased to announce that USDT-margined perpetual futures for ZERO will be enabled at 8:30 am UTC on May 6, 2024. ZERO margin trading and Simple Earn will be enabled at 4:00 am UTC on May 7, 2024. The updates will cover both the web and app interfaces as well as the API. The details are as follows: I. Margin trading and Simple Earn Spot margin trading will be activated for the following pair: ZERO/USDT. For the details of the tiered margin level, please refer to Margin Borrowing Position Tiers after the official listing. For the limits of Simple Earn, please refer to the Introduction to OKX Simple Earn and Its Rules after the official listing. II. Perpetual futures trading ZEROUSDT perpetual futures: Features Details Underlying ZERO/USDT index Settlement crypto USDT Face value 1000 Price quotation 1 ZERO value calculated in USDT equivalent Tick size 0.0000001 Leverage 0.01-50x Funding fee Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0 Note: Funding fees are received and deducted based on the current period. Trading hours 24/7 Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on May 6, 2024 is 0.03%. After 4:00 pm UTC on May 6, 2024, the upper limit of the predicted funding fee will be adjusted back to normal 1.50%. (The funding fee for this period will be charged at 12:00 am UTC on May 7, 2024.) The price limit rules of ZERO USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details. USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement OKX team May 6, 2024
To improve market liquidity and index stability, OKX will adjust the components for several indexes at 10:00 am - 12:00 am UTC on May 9, 2024. The adjusted index prices will be calculated by weighting the prices of the new components according to their updated weights. Component adjustment details are as follows: Index Before After Exchange Pair Weight Exchange Pair Weight Kraken BTC/USD 23.07% Kraken BTC/USD 27.27% Bitstamp BTC/USD 15.37% Bitstamp BTC/USD 18.18% BTC/USD Bitfinex BTC/USD 15.37% Crypto BTC/USD 27.27% Crypto BTC/USD 23.07% Coinbase BTC/USD 27.27% Coinbase BTC/USD 23.07% Index Price Computation The index price is calculated by weighting the prices of components based on their respective weights. For more details, please refer to Spot index prices. Component adjustments can cause an index’s mark price to fluctuate, affecting the corresponding instrument’s margin and contract trading markets. Users are advised to take necessary measures before an adjustment, such as reducing positions, adding margin, lowering leverage or even closing positions to avoid potential risks introduced by market volatility. Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty nor any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to Terms of Service and Risk & Compliance Disclosure for more information. OKX team May 6, 2024
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