Dear OKX Users,
Due to recent significant market volatility, we have decided to postpone the scheduled USDT perpetual and USDT delivery contract face value adjustment originally planned for May 25, 2021, at 17:00 (HKT). This delay aims to protect platform users' interests and ensure uninterrupted trading experiences. The rescheduled adjustment time will be announced separately.
We sincerely apologize for any inconvenience caused and appreciate your continued support!
The OKX Team
May 25, 2021 (HKT)
OKX USDT Perpetual and Delivery Contract Face Value Adjustment Details
To enhance USDT contract market liquidity and improve user trading experiences, OKX will adjust face values for USDT perpetual and delivery contracts. Key details:
1. Affected Contracts
USDT Perpetual Contracts
| Contract | Current Face Value | Adjusted Face Value | Adjustment Ratio |
|---|---|---|---|
| BTCUSDT | 0.01 | 0.001 | 1/10 |
| ETHUSDT | 0.1 | 0.001 | 1/100 |
| ... (full list in original) |
USDT Delivery Contracts
| Contract | Current Face Value | Adjusted Face Value | Adjustment Ratio |
|---|---|---|---|
| BTCUSDT | 0.01 | 0.001 | 1/10 |
| ETHUSDT | 0.1 | 0.001 | 1/100 |
| ... (full list in original) |
2. Position and Order Changes
- Positions: Quantity in contracts will change proportionally (e.g., 1 BTCUSDT contract becomes 10 after adjustment), while BTC-denominated value remains unchanged.
- Orders: Pending orders will be recalculated similarly.
- Leverage Tiers: Maximum open contracts per tier will adjust proportionally (e.g., 500 contracts become 5,000).
👉 Explore OKX's advanced trading tools for seamless adjustments.
FAQ
Q: Why was the adjustment postponed?
A: To mitigate risks during high market volatility and protect user assets.
Q: How does the face value adjustment affect my existing positions?
A: Contract quantities adjust proportionally, but asset values remain identical.
Q: When will the new adjustment date be announced?
A: Follow OKX official channels for updates.
The OKX Team remains committed to delivering superior products and services.
👉 Stay updated with OKX announcements.
Last Updated: May 8, 2021 (HKT)