Dear OKX Users,
To enhance market liquidity and optimize your trading experience, OKX will adjust the contract multipliers for option contracts on May 26, 2022, from 16:00 to 17:00 (HKT). Below are the detailed changes:
| Asset | Previous Multiplier | Adjusted Multiplier |
|---|---|---|
| BTCUSD | 0.1 | 0.01 |
| ETHUSD | 1 | 0.1 |
Key Implications of the Adjustment:
- Open Orders, Historical Orders, and Positions will be recalculated based on the new multipliers.
The monetary value of trades remains unchanged. For example:
- A position worth 1 BTC (10 contracts × 0.1 multiplier) will now be 100 contracts × 0.01 multiplier (still 1 BTC value).
Examples:
- A 30-contract BTCUSD-0627-30000C position will become 300 contracts post-adjustment.
- A 10-contract ETHUSD-0627-3000C pending order will adjust to 100 contracts.
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Action Required:
- Review and adapt your trading strategies accordingly.
- We apologize for any inconvenience and appreciate your understanding.
OKX remains committed to delivering superior products and services.
FAQ Section
Q1: Will the adjustment affect my existing option positions?
A: Yes, contract quantities will be recalculated, but the monetary value remains unchanged.
Q2: Do I need to manually update my orders?
A: No, OKX will automatically adjust all open orders and positions.
Q3: Why is OKX making this change?
A: To improve market liquidity and trading efficiency for users.
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Note: This announcement replaces all prior communications regarding the multiplier adjustment.
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