NASSAU, Bahamas, Dec. 15, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for the day of December 16, 2023.
OKX to Introduce New Limit Price Rules for Spot and Margin Trading
OKX today announced that it will introduce new limit price rules for spot and margin trading, effective January 3, 2024. The following limit price rules will apply to all spot and margin trades with spot indices:
| Time | Highest price limit | Lowest price limit |
| Within 10 minutes of spot/margin listing | No limit | No limit |
| 10 minutes after spot/margin listing | Highest price limit = Min [Max (Index, Index × (1 + y%) + Average premium in last 2 minutes), Index × (1 + z%)] | Lowest price limit = Max [Min (Index, Index × (1 – y%) + Average premium in last 2 minutes), Index × (1 – z%)] |
Users are advised to refer to the OKX Spot Trading Rules and the OKX API Guide for further details.
For more information, please read this site announcement.
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
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