OKX has successfully implemented the Graded Margin System across all cryptocurrency futures contracts. Users with existing positions and no pending orders can now seamlessly switch from the legacy system to the new mode.
Key Changes to Legacy System Policies
To enhance market fairness and reduce user liquidation risks, we're implementing the following adjustments:
1. Revised Position Limits for Legacy System
Effective since June 6, 2019 (16:00 HKT):
Cross-Margin Positions:
10x Leverage:
- BTC Contracts: Maximum 100,000 contracts (including open orders) for accounts with 100%-200% margin ratio
- BTC Contracts: Maximum 1,000,000 contracts for accounts with 800%+ margin ratio
20x Leverage:
- Specific position limits apply based on margin ratios
Isolated-Margin Positions:
10x Leverage:
- BTC Quarterly Contracts: Maximum 100,000 contracts per position
20x Leverage:
- Specific position limits apply
2. Increased Fee Structure for Legacy System
Effective June 17, 2019 (12:00 HKT):
| Trading Mode | Fee Adjustment |
|---|---|
| Graded Margin | Maintains current fee rates |
| Legacy System | 20% fee increase |
👉 Learn more about our fee structures
Transition Timeline
- Weekly Adjustments: Beginning June 17, fees for legacy system trading will increase by 20% every Monday until reaching twice the new system's rate
- System Sunset: The legacy system will be gradually phased out through position reductions
Benefits of Graded Margin System
- Lower trading costs
- Higher position limits at same leverage levels
- More flexible leverage options
- Improved risk management
FAQ Section
Q: When should I switch to the new system?
A: We recommend transitioning as soon as possible to benefit from lower fees and improved features.
Q: Will my existing positions be affected?
A: No, your positions will remain intact during the transition. Only new trades will be subject to the adjusted fees.
Q: How do I switch to the new system?
A: Simply navigate to your account settings when you have no pending orders.
Q: Why is OKX making these changes?
A: These adjustments help maintain market stability and protect users from unnecessary liquidation risks.
👉 Start using Graded Margin today
OKX remains committed to providing superior trading products and services. For any questions, please contact our 24/7 customer support.
Last Updated: June 6, 2019 (HKT)