OKX to adjust margin position tiers and discount rates for USDT, ETH, BETH, STETH

In order to improve market liquidity and mitigate risks, OKX will adjust the margin position tiers and discount rates for certain tokens at 6:00 am – 10:00 am (UTC) on April 15, 2025. Please note that this change will not affect the risk level of your current positions.

Specific adjustment details are as follows:

1. Position tiers of USDT margin for cross margin in both multi-currency mode and portfolio margin mode:
   

   Assets	Tier	Before				After
   		Max. borrow amount (USDT)	Maintenance margin ratio	Min. initial margin ratio	Max. leverage	Max. borrow amount (USDT)	Maintenance margin ratio	Min. initial margin ratio	Max. leverage
   USDT	1	100,000	2.00%	10.00%	10	5,000,000	2.00%	10.00%	10.00
   	2	200,000	2.50%	10.53%	9.5	10,000,000	2.50%	11.00%	9.09
   	3	500,000	3.00%	11.11%	9	15,000,000	3.00%	12.00%	8.33
   	4	1,000,000	4.00%	11.76%	8.5	20,000,000	4.00%	13.00%	7.69
   	5	2,000,000	5.00%	12.50%	8	25,000,000	5.00%	14.00%	7.14
   	6	3,000,000	6.00%	20.00%	5	30,000,000	6.00%	15.00%	6.67
   	7	Increase by 1,000,000 from the previous tier	Increase by 1.00% from the previous tier	Increase by 1.00% from the previous tier	Max. leverage of the tier	Increase by 5,000,000 from the previous tier	Increase by 1.00% from the previous tier	Increase by 1.00% from the previous tier	Max. leverage of the tier

2. Position tiers of ETH/USDT, STETH/USDT spot/margin pairs:
   

   Trading Pairs	Tier	Before					After
   		Max. borrow amount (Base currency)	Max. borrow amount (Quote currency)	Maintenance margin ratio	Min. initial margin ratio	Max. leverage	Max. borrow amount (Base currency)	Max. borrow amount (Quote currency)	Maintenance margin ratio	Min. initial margin ratio	Max. leverage
   ETH/USDT	1	200	480,000	2.00%	10.00%	10.00	400	600,000	2.00%	10.00%	10.00
   	2	220	580,000	2.50%	11.00%	9.09	800	1,200,000	2.50%	11.00%	9.09
   	3	300	720,000	3.00%	12.00%	8.33	1,200	1,800,000	3.00%	12.00%	8.33
   	4	Increase by 200 from the previous tier	Increase by 480,000 from the previous tier	Increase by 1.00% from the previous tier	Increase by 1.00% from the previous tier	Max. leverage of the tier	Increase by 400 from the previous tier	Increase by 600,000 from the previous tier	Increase by 1.00% from the previous tier	Increase by 1.00% from the previous tier	Max. leverage of the tier
   STETH/USDT	1	180	480,000	2.00%	10.00%	10.00	250	300,000	2.00%	10.00%	10.00
   	2	300	750,000	2.50%	11.00%	9.09	500	600,000	2.50%	11.00%	9.09
   	3	380	1,000,000	3.00%	12.00%	8.33	750	900,000	3.00%	12.00%	8.33
   	4	Increase by 180 from the previous tier	Increase by 480,000 from the previous tier	Increase by 1.00% from the previous tier	Increase by 1.00% from the previous tier	Max. leverage of the tier	Increase by 250 from the previous tier	Increase by 300,000 from the previous tier	Increase by 1.00% from the previous tier	Increase by 1.00% from the previous tier	Max. leverage of the tier

   The position tiers for isolated margin and cross margin in single-currency mode will be adjusted according to the table above. The position tiers for cross margin in both multi-currency mode and portfolio margin mode will be adjusted according to the rules for the base currency of USDT trading pairs in the table above.

   Learn more: Position tiers

3. Discount rates for ETH, BETH, STETH:

Introduction to discount rates
In multi-currency cross margin mode and portfolio margin mode, different 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 a certain discount rate in order to balance market risks.

Learn more: Discount rate

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.

Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty nor any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to Terms of Service and Risk & Compliance Disclosure for more information.

OKX team
April 11, 2025