NASSAU, the Bahamas, July 18, 2024 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for July 18, 2024.
OKX Adjusts Discount Rates for BETH
OKX has made adjustments to the discount rates for BETH in the multi-currency margin mode and portfolio margin mode. The adjustments took place on July 18, 2024, between 6:00 am and 8:00 am (UTC).
Following the adjustment, the discount rate for BETH will be higher. Importantly, this change does not affect the risk level of current positions held by users.
Specific Adjustments:
| Asset | Before | After | ||
| Tier (USD) | Discount rate | Tier (USD) | Discount rate | |
| BETH | 0 ~ 1,000,000 | 0.8 | 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 the multi-currency cross margin mode and portfolio margin mode, various 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 specific discount rates to balance market risks.
To learn more, visit OKX's Support Center.
For further information, please contact:
Media@okx.com
About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.
