OKX Will Adjust the Contract Size for USDT-Margined Perpetual & Futures Contracts

In order to reduce transaction costs, enhance market liquidity and improve trading experience, OKX will change the contract size of USDT-Margined perpetual and futures contracts. The adjustment is scheduled in two separate batches. Please see details below.

1. The contract size of the following USDT-margined perpetual and futures contracts will be adjusted on 2022-04-14 at 9:10-9:30 AM (UTC).

2. The contract size of the following USDT-margined perpetual and futures contracts will be adjusted on 2022-04-21 at 9:10-9:30 AM (UTC).

For more information, please visit the OKX website: https://www.okx.com/trade-market/info/futures

Risk Alert

All transactions will be temporarily suspended during the adjustment. Users will not be able to place or cancel orders, add margin and transfer funds. Please make sure to cancel orders, reduce positions, add margin, among other precautionary measures, in advance, to avoid potential risks.

3. Specific changes after adjustment

(1) Holdings:

The number of contracts held by users will increase by 1/X times after the adjustment, where X is the adjustment multiplier. The number of crypto held will remain unchanged.

Example:

If you hold 1 ADAUSDT perpetual contract with a contract size of 100 ADA before the adjustment, the contract size will be reduced from 100 to 10 and the number of contracts you hold will be increased from 1 to 10 after the adjustment, while the total value of your holdings will remain unchanged at 100 ADA.

(2) Pending orders:

The number of all pending orders will increase by 1/X times after the adjustment, where X is the adjustment multiplier. The number of crypto in your order will remain unchanged.

Example:

If you place a limit order for 1 ADAUSDT perpetual contract with a contract size of 100 ADA before the adjustment, the contract size will be reduced from 100 to 10 and the number of contracts in the limit order will be increased from 1 to 10 after the adjustment, while the total value of your limit order will remain unchanged at 100 ADA.

(3) Position tiers:

The number of contracts per order for users in all position tiers will increase by 1/X times after the adjustment, where X is the adjustment multiplier.

Example:

Before the adjustment, the maximum number of ADAUSDT perpetual contracts per order for tier-1 users is 75, with a total value 7,500 ADA. After the adjustment, the contract size will be reduced from 100 to 10 and the maximum number of ADAUSDT perpetual contracts per order for tier-1 users will be increased from 75 to 750, while the total value of your order will remain unchanged at 7,500 ADA.

(4) Number of contracts per order:

For market orders, SL/TP orders, trigger orders, iceberg orders and TWAP orders, the maximum number of contracts per order after adjustment = the maximum number of contracts per order before adjustment / multiplier.

Example:

Before the adjustment, for market orders, SL/TP orders and trigger orders, the maximum number of contracts per order for ADAUSDT perpetual contracts is 2,000, with a total value of 200,000 ADA. After the adjustment, the contract size will be reduced from 100 to 10, and the maximum number of contracts per order for tier-1 users will increase by 10x to 20,000, while the total value will remain at 200,000 ADA.

(5) Position limit in the portfolio margin mode:

Position limit in the portfolio margin mode means the maximum number of contracts per order and the maximum number of contracts held by each user. Position limit after adjustment = position limit before adjustment / multiplier.

Example:

Before the adjustment, the maximum number of ADAUSDT perpetual contracts per order in the portfolio margin mode and the maximum number of contracts held by each user is 60,400, with a total value of 6,040,000 ADA. After the adjustment, the contract size changes from 100 to 10 and the maximum number of contracts per order for tier-1 users will increase by 10x 604,000, while the total value will remain at 6,040,000 ADA.

Thank you for your continued support. We assure you of our best services at all times.

OKX
April 31, 2022 (UTC)

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