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OKX to Enable Margin Trading and Savings for ANC/SC/CRO/LAMB and List Perpetual for ANC/SC/CRO/XEM

Published on Apr 8, 20213 min read

Dear users,

We are pleased to announce that ANC, SC, CRO and LAMB margin trading and savings will be enabled at 9:00 am UTC on Apr. 8. USDT-margined perpetual swaps for ANC, SC, CRO and XEM 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: ANC/USDT, SC/USDT, CRO/USDT, LAMB/USDT

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

ANCUSDT Perpetual Swap:

Feature

Details

Underlying

ANC/USDT Index

Settlement asset

USDT

Face value

1 ANC

Price quotation

1ANC value calculated in USDT equivalent

Tick size

0.001

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

SCUSDT Perpetual Swap:

Feature

Details

Underlying

SC/USDT Index

Settlement asset

USDT

Face value

100 SC

Price quotation

1SC value calculated in USDT equivalent

Tick size

0.00001

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

CROUSDT Perpetual Swap:

Feature

Details

Underlying

CRO/USDT Index

Settlement asset

USDT

Face value

10 CRO

Price quotation

1CRO value calculated in USDT equivalent

Tick size

0.0001

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

XEMUSDT Perpetual Swap:

Feature

Details

Underlying

XEM/USDT Index

Settlement asset

USDT

Face value

10 XEM

Price quotation

1XEM value calculated in USDT equivalent

Tick size

0.0001

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 Apr. 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 Apr. 9).

The price limit rules of ANC, SC, CRO and XEM 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

Regards,
OKX
Apr. 8, 2021 (UTC)

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