OKX adjusts position tiers of WEMIXUSDT perpetual swaps

OKX's logo OKX
In order to improve market liquidity and mitigate risks, OKX will adjust the position tiers of WEMIXUSDT perpetual swaps at 11:30 am UTC on Nov. 24.
Specific adjustment details are as follows:

Contract

Tier

Min. amount (Cont) (Before)

Max. amount (Cont) (After)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

WEMIXUSDT Perpetual

1

 1,200

 1

1.0%

1.3%

75

2

3,000

 3

1.5%

2.0%

50

3

 12,000

 6,000

2.0%

5.0%

20

4

 24,000

 12,000

2.5%

5.5%

18.18

5

Increase by 12,000 conts from the previous tier

Increase by 6,000 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 tier adjustments and market volatility. To prevent forced liquidations caused by these adjustments, users are encouraged to decrease leverage by either increasing margins or closing positions.

For any inquiries regarding this adjustment, please feel free to contact us in the OKX Telegram group or via the Support Center.

 

OKX

Nov. 24, 2022 (UTC)

Download OKX App for iOS, Android, macOS, and Windows >>>

Click here for Twitter >>>

Click here for Telegram >>>

Click here for Discord >>>

Click here for Youtube >>>

More >>>

Read the original article at okex

Trending Coins and Tokens

script.tv's Logo
Bybit Starter Rewards
Up to 30,000 USDT Rewards
Sign up Now Sponsored
Flare Network's Logo
$0.0468
19.62%
Fusionist's Logo
ACE
$11.28
13.02%
Coin98's Logo
C98
$0.4033
14.09%
Pixels's Logo
PIXEL
$0.5808
9.90%
ApeCoin's Logo
APE
$1.96
9.80%