OKX Announces Changes to Discount Rate Rules for Flexible Loan Users
NASSAU, The Bahamas, Aug. 14, 2024 (GLOBE NEWSWIRE) — OKX, a global cryptocurrency exchange and leading Web3 technology company, has issued updates for August 15, 2024.
OKX Announces Changes to Discount Rate Rules for Flexible Loan Users
OKX is set to adjust discount rates for all Flexible Loan users to enhance platform safety and improve risk measurement precision.
The new discount rules will be implemented from 8:00 am UTC on August 22, 2024, to 8:00 am UTC on September 22, 2024. Post-adjustment, discount tiers will be based on specific crypto amounts, with each cryptocurrency assigned its own tiers.
For detailed information on the specific adjustments, click here.
To learn more, visit OKX’s 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 offers a secure and trustworthy platform that provides responsible crypto traders with innovative tools to access the world of crypto.
As a global brand and top partner of Manchester City FC and McLaren Racing, OKX uses Web3 technology to redefine how fans connect with their favorite teams. Recent examples include its Unseen City Shirts and Race Rewind digital collectible campaigns, which offer fans real-world benefits like exclusive match-day and trackside experiences. As the Presenting Partner of Tribeca Festival, OKX also empowers artists and creators through Web3.
In line with its “on-chain, any chain” philosophy, OKX contributes to the growth of the Web3 ecosystem via its secure, interoperable and self-custody enabled OKX Wallet. OKX Wallet is a user-friendly gateway to the on-chain world, connecting to over 100 blockchains, 10,000 dApps, 170+ DeFi protocols, 300,000 tokens and nearly 500 decentralized exchanges (DEXs).
OKX is committed to transparency and security, and publishes its Proof of Reserves monthly to build trust. It is also dedicated to expanding its educational resources through OKX Learn, making digital assets accessible and understandable for a broader audience.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.
