OKX to adjust discount rates for BETH
OKX will adjust the discount rates for BETH in the multi-currency margin mode and portfolio margin mode. The adjustment will take place at 8:00 am – 9:00 am (UTC) on July 7, 2023.
Specific adjustments are as follows:
| Asset | Before | After | ||
|---|---|---|---|---|
| Tier (USD) | Discount rate | Tier (USD) | Discount rate | |
| BETH | 0~1,000,000 | 0.85 | 0~2,000,000 | 0.95 |
| 1,000,000~2,000,000 | 0.75 | 2,000,000~4,000,000 | 0.85 | |
| 2,000,000~4,000,000 | 0.5 | 4,000,000~8,000,000 | 0.5 | |
| >4,000,000 | 0 | >8,000,000 | 0 | |
Introduction to discount rates
In multi-currency cross margin mode and portfolio margin mode, different currencies in cross margin accounts can be converted into their USD value and used as margin. Due to significant differences in market liquidity of each currency, the platform calculates their actual USD value based on a certain discount rate in order to balance market risks.
Learn more: Discount rate
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OKX
July 6, 2023