Announcement

    OKEx to Enable Margin Trading and Savings for ANC/SC/CRO/LAMB and List Perpetual for ANC/SC/CRO/XEM

    Dear users,

    We are pleased to announce that ANC, SC, CRO and LAMB margin trading and savings will be enabled at 9:00 am UTC on Apr. 8.

    USDT

    -margined perpetual swaps for ANC, SC, CRO and XEM will be listed at the same time.

    The updates will cover both the web and app interfaces as well as API. The details are as follows:

    I. Margin Trading and Savings

    1. Spot margin trading will be activated for following pairs: ANC/

    USDT

    , SC/

    USDT

    , CRO/

    USDT

    , LAMB/

    USDT

    2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiersafter the official listing.

    3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.

    II. Perpetual Swap Trading

    ANC

    USDT

    Perpetual Swap:

    Feature

    Details

    Underlying

    ANC/

    USDT

    Index

    Settlement asset

    USDT

    Face value

    1 ANC

    Price quotation

    1ANC value calculated in

    USDT

    equivalent

    Tick size

    0.001

    Leverage

    0.01-75 x

    Funding rate

    Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.75%, 0.75%), interest = 0

    Trading hours

    24/7

    SC

    USDT

    Perpetual Swap:

    Feature

    Details

    Underlying

    SC/

    USDT

    Index

    Settlement asset

    USDT

    Face value

    100 SC

    Price quotation

    1SC value calculated in

    USDT

    equivalent

    Tick size

    0.00001

    Leverage

    0.01-75 x

    Funding rate

    Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.75%, 0.75%), interest = 0

    Trading hours

    24/7

    CRO

    USDT

    Perpetual Swap:

    Feature

    Details

    Underlying

    CRO/

    USDT

    Index

    Settlement asset

    USDT

    Face value

    10 CRO

    Price quotation

    1CRO value calculated in

    USDT

    equivalent

    Tick size

    0.0001

    Leverage

    0.01-75 x

    Funding rate

    Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.75%, 0.75%), interest = 0

    Trading hours

    24/7

    XEM

    USDT

    Perpetual Swap:

    Feature

    Details

    Underlying

    XEM/

    USDT

    Index

    Settlement asset

    USDT

    Face value

    10 XEM

    Price quotation

    1XEM value calculated in

    USDT

    equivalent

    Tick size

    0.0001

    Leverage

    0.01-75 x

    Funding rate

    Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.75%, 0.75%), interest = 0

    Trading hours

    24/7

    Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 4:00 pm UTC on Apr. 8 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on Apr. 9).

    The price limit rules of ANC, SC, CRO and XEM  

    USDT

    -margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.

    USDT

    -margined perpetual swap trading: 

    OKEx

    USDT

    Margined Perpetual Swap Trading User Agreement & Guide

    Regards,

    OKEx

    Apr. 8, 2021 (UTC)

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