Tier Adjustment on BCH Contract
Dear valued customers,
To avoid liquidation and clawback caused by the BCH fork, OKX has decided to adjust the position tiers of BCH futures and perpetual contract at 09:00-09:30 on November 5, 2020(UTC).
Adjustments:
(1) Adjusted tiers of BCHUSDT perpetual contract:
|
Tier |
Min. amount (Cont) |
Max. amount (Cont) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
1 |
0 |
400 |
3.00% |
4.00% |
25.00 |
|
2 |
401 |
4,000 |
3.50% |
4.50% |
22.22 |
|
3 |
4,001 |
12,000 |
4.00% |
5.00% |
20.00 |
|
4 |
12,001 |
20,000 |
4.50% |
5.50% |
18.18 |
|
5 |
20,001 |
28,000 |
5.00% |
6.00% |
16.67 |
|
6 |
Increase by 8,000 conts from the previous tier |
Increase by 8,000 conts from the previous tier |
Increase by 0.5 % from the previous tier |
Increase by 0.5 % from the previous tier |
Max. leverage of the tier |
(2) Adjusted tiers of BCHUSD perpetual contract:
|
Tier |
Min. amount (Cont) |
Max. amount (Cont) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
1 |
0 |
1,000 |
3.00% |
4.00% |
25.00 |
|
2 |
1,001 |
10,000 |
3.50% |
4.50% |
22.22 |
|
3 |
10,001 |
30,000 |
4.00% |
5.00% |
20.00 |
|
4 |
30,001 |
50,000 |
4.50% |
5.50% |
18.18 |
|
5 |
50,001 |
70,000 |
5.00% |
6.00% |
16.67 |
|
6 |
Increase by 20,000 conts from the previous tier |
Increase by 20,000 conts from the previous tier |
Increase by 0.5 % from the previous tier |
Increase by 0.5 % from the previous tier |
Max. leverage of the tier |
(3) Adjusted tiers of BCHUSDT futures contract:
|
Tier |
Min. amount (Cont) |
Max. amount (Cont) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
1 |
0 |
200 |
3.00% |
4.00% |
25.00 |
|
2 |
201 |
1,000 |
3.50% |
4.50% |
22.22 |
|
3 |
1,001 |
11,000 |
4.00% |
5.00% |
20.00 |
|
4 |
11,001 |
21,000 |
4.50% |
5.50% |
18.18 |
|
5 |
21,001 |
31,000 |
5.00% |
6.00% |
16.67 |
|
6 |
Increase by 10,000 conts from the previous tier |
Increase by 10,000 conts from the previous tier |
Increase by 0.5 % from the previous tier |
Increase by 0.5 % from the previous tier |
Max. leverage of the tier |
(4) Adjusted tiers of BCHUSD futures contract:
|
Tier |
Min. amount (Cont) |
Max. amount (Cont) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
1 |
0 |
1,000 |
3.00% |
4.00% |
25.00 |
|
2 |
1,001 |
10,000 |
3.50% |
4.50% |
22.22 |
|
3 |
10,001 |
30,000 |
4.00% |
5.00% |
20.00 |
|
4 |
30,001 |
50,000 |
4.50% |
5.50% |
18.18 |
|
5 |
50,001 |
70,000 |
5.00% |
6.00% |
16.67 |
|
6 |
Increase by 20,000 conts from the previous tier |
Increase by 20,000 conts from the previous tier |
Increase by 0.5 % from the previous tier |
Increase by 0.5 % from the previous tier |
Max. leverage of the tier |
Risk Disclaimer
Users' maintenance margin ratio may increase because of the recent market volatility and the tier adjustment. To prevent forced liquidation caused by the adjustment of the position tiers, please decrease the actual leverages by operations such as closing out and increasing margins.
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
November 3, 2020(UTC)
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