Flash News: OKX Announces Enhancements to Portfolio Margin Mode to Optimize Trading Experience
NASSAU, the Bahamas, June 03, 2024 (GLOBE NEWSWIRE) — OKX, a leading crypto exchange and Web3 technology company, has issued updates for June 3, 2024.
OKX Announces Enhancements to Portfolio Margin Mode to Optimize Trading Experience
OKX has announced new enhancements to its portfolio margin mode to further optimize the trading experience for its customers. These updates are set to go live at 4:00 AM (UTC) on June 5, 2024.
The update includes richer offset structure types, offering users more flexibility. Spot orders will be incorporated into the derivatives offset system, distinct from spot assets. This update will enable the addition of offset structures for spot and derivatives orders, potentially reducing the margin in use significantly.
Traders will also be able to customize the number of spot assets included in the derivatives offset structure, providing greater flexibility for spot offset quantity adjustments.
The new features also aim to deliver more precise numerical calculations. OKX will conduct more accurate measurements for spot assets within the derivatives margin system and adjust the handling of spot assets during liquidations. With the new changes, OKX will include the measurement of basis risk between spot assets/orders and derivatives positions/orders in the MMR calculation.
Alongside these enhancements, OKX is expanding the spot offsetting function to all margin modes, including USDT/USDC/Crypto modes, supporting offsetting between spot assets and their corresponding USDC-margined risk units.
Further details on the new enhancements can be found here.
For more information, please visit the OKX Support Center.
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 and Olympian Scotty James, 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
