OKX Announces Position Tier Adjustments for BTCUSDT and BTCUSD Expiry Futures

Cryptocurrency
exchange
OKX
has
announced
upcoming
adjustments
to
the
position
tiers
for
BTCUSDT
and
BTCUSD
expiry
futures.
These
changes
are
slated
to
take
effect
from
8:00
am
to
10:00
am
UTC
on
July
8,
2024,
according
to
a
statement
from
OKX.

Adjustment
Details

The
primary
goal
of
these
adjustments
is
to
enhance
market
liquidity
and
mitigate
potential
risks.
OKX
has
provided
a
detailed
breakdown
of
the
specific
adjustments,
which
can
be
viewed
on
their
official
announcement
page.
The
exchange
has
also
issued
a
risk
disclaimer,
advising
users
to
be
aware
of
the
potential
impacts
on
their
maintenance
margin
ratio
due
to
the
tier
adjustments
and
market
volatility.

Impact
on
Users

OKX
has
cautioned
users
that
the
adjustments
could
lead
to
an
increase
in
the
maintenance
margin
ratio.
To
avoid
forced
liquidations,
users
are
encouraged
to
either
increase
their
margins
or
close
positions
to
decrease
leverage.
The
exchange
emphasizes
the
importance
of
understanding
these
changes
and
managing
risk
accordingly.

Risk
Warning

OKX
has
reiterated
that
the
information
provided
is
for
educational
purposes
only
and
does
not
constitute
financial,
investment,
or
other
forms
of
advice.
They
stress
the
speculative
nature
of
digital
assets
and
the
high
volatility
associated
with
them.
Investors
are
urged
to
conduct
their
own
research
and
assess
their
risk
tolerance
before
engaging
in
trading
activities.

For
more
detailed
information,
users
can
refer
to
the

official
announcement
from
OKX.

Image
source:
Shutterstock