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OKEx to Implement New Futures Trading Initiatives Starting Late May

OKex has introduced three initiatives that it will launch on its platform to improve market risk management and trading experiences in futures contracts.

The cryptocurrency exchange will implement the Tiered Maintenance Margin Ratio System on futures trading to prevent cases of cascade liquidation, reduce clawback risks, and maintain a high effective leverage for the exchange’s customers.

The system will first be applied on the launch of TRON futures contracts on May 20, then on BSV futures contracts on May 22.

The Tiered Maintenance Margin Ratio System will be launched for XRP, ETC, LTC, BCH, ETH, EOS, and BTC futures contracts in the second half of the month.

Existing active users will be able to switch between the new and old systems.

By the end of July, OKEx will increase the fees and decrease the maximum number of contracts that will be opened for the full liquidation mode.

The cryptocurrency exchange will also follow a new fee schedule for spot, futures, and perpetual swap trading for different tiers.

Lastly, a grace period promotion will be launched in June to enable new futures trading users to trade at lower fees.

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