OKX to Enable Margin Trading & Savings and List USDT-margined Perpetual for OMG/LEND/WAVES/BAT

Published on Aug 27, 2020Updated on Jun 4, 20244 min read

Dear valued customers,

We are pleased to announce that LEND, WAVES and BAT margin trading and savings feature will be enabled at 07:00 August 28 (UTC). USDT-margined Perpetual Swap for OMG, LEND, WAVES and BAT will list at the same time. The updates will cover the Web, APP and API. Details are as follows:

I. Margin Trading and Savings

1. Spot margin trading will be activated for following pairs: LEND/USDT, WAVES/USDT, BAT/USDT, LEND/BTC, WAVES/BTC and BAT/BTC.
2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.

II. USDT-margined Perpetual Swap Trading

1. Perpetual Swap Introduction

OMGUSDT Perpetual Swap:

Feature

Details

Underlying

OMG/USDT Index

Settlement Coin

USDT

Face Value

1 OMG

Price Quotation

1 OMG value calculated in USDT equivalent

Tick Size

0.001

Leverage

0.01-20x

Funding Rate

Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.3%, 0.3%), interest = 0

Trading Hours

7*24

Settlement Time

08:00 every day (UTC)

LENDUSDT Perpetual Swap:

Feature

Details

Underlying

LEND/USDT Index

Settlement Coin

USDT

Face Value

10 LEND

Price Quotation

1 LEND value calculated in USDT equivalent

Tick Size

0.0001

Leverage

0.01-20

Funding Rate

Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.3%, 0.3%), interest = 0

Trading Hours

7*24

Settlement Time

08:00 every day (UTC)

WAVESUSDT Perpetual Swap:

Feature

Details

Underlying

WAVES/USDT Index

Settlement Coin

USDT

Face Value

1 WAVES

Price Quotation

1 WAVES value calculated in USDT equivalent

Tick Size

0.001

Leverage

0.01-20x

Funding Rate

Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.3%, 0.3%), interest = 0

Trading Hours

7*24

Settlement Time

08:00 every day (UTC)

BATUSDT Perpetual Swap:

Feature

Details

Underlying

BAT/USDT Index

Settlement Coin

USDT

Face Value

10 BAT

Price Quotation

1 BAT value calculated in USDT equivalent

Tick Size

0.0001

Leverage

0.01-20x

Funding Rate

Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.3%, 0.3%), interest = 0

Trading Hours

7*24

Settlement Time

08:00 every day (UTC)

The price limit rules of OMG/LEND/WAVES/BAT USDT-margined Perpetual Swap trading are the same as that 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. Fee tier requirements:

In order to offer a better trading experience and enhance the liquidity in the perpetual swap market, we will offer higher maker rebates for all cryptocurrencies other than 10 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX, LINK) by lowering the maker fee rates of all tiers by 0.020% based on the current fee schedules. We will also increase the taker fee rates of all tiers by 0.030% based on the current fee schedules.

Details as follows (30-day trading volume = total trading volume of all cryptocurrencies):

Normal User

Tier

Total OKB Holding

30-day Trading Volume (BTC)

Maker Fee

Taker Fee

Lv1

< 500

< 5,000

0.000%

0.080%

Lv2

≥ 500

< 5,000

-0.002%

0.075%

Lv3

≥ 1,000

< 5,000

-0.003%

0.070%

Lv4

≥ 1,500

< 5,000

-0.004%

0.065%

Lv5

≥ 2,000

< 5,000

-0.005%

0.060%

VIP User

Tier

30-day Trading Volume (BTC)

Maker Fee

Taker Fee

VIP1

≥ 5,000

-0.010%

0.060%

VIP2

≥ 10,000

-0.015%

0.060%

VIP3

≥ 20,000

-0.020%

0.060%

VIP4

≥ 60,000

-0.025%

0.060%

VIP5

≥ 100,000

-0.028%

0.060%

VIP6

≥ 150,000

-0.030%

0.060%

VIP7

≥ 200,000

-0.035%

0.060%

(Note: The maker and taker fee rates for 10 major assets remain unchanged.)

Thank you for your continued support and we assure you our best services at all times.

Regards,
OKX
Aug 27, 2020 (UTC)

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