OKX to Enable Margin Trading and Savings and List Perpetual for MINA
Dear users,
We are pleased to announce that MINA margin trading and savings will be enabled at 9:00 am UTC on June. 9. USDT-margined perpetual swaps for MINA 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: MINA/USDT
2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after 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
MINAUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
MINA/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1 MINA |
|
Price quotation |
1MINA 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 |
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 June. 9 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 June. 10).
The price limit rules of MINA 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: OKX USDT Margined Perpetual Swap Trading User Agreement & Guide.
Regards,
OKX
June. 9, 2021 (UTC)
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