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Flash News: OKX to adjust discount rates for several assets

January 29, 2024 at 23:42 PM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

SINGAPORE, Jan. 29, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, today announced it will adjust the discount rates for several assets in the multi-currency margin mode and portfolio margin mode.

In the multi-currency cross margin and portfolio margin modes, users can convert different currencies into their USD value to be used as margin. Due to significant liquidity differences between currencies, OKX applies certain discount rates to calculate their actual USD value. This balances risk across assets. Learn more about discount rates here.

The adjustment will take effect during the maintenance window from 6:00AM to 8:00AM (UTC) on February 2, 2024. Details of adjusted assets and rates can be found here.

This periodic adjustment helps optimize risk management between assets and allows users to make informed trading decisions based on current market dynamics.

OKX also provides a risk warning for users. While OKX strives to provide accurate information, it does not guarantee completeness. Traders should do their own research before investing, as digital assets carry high volatility. OKX is not responsible for any trading losses. For full details, see Terms of Service and Risk & Compliance Disclosure.

For further information, please contact:
Media@okx.com

About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer