NASSAU, The Bahamas, Dec. 29, 2023 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange and Web3 technology company, has issued updates for December 30, 2023.

OKX Announces Adjustment of Discount Rates for Multi-Currency Margin and Portfolio Margin Modes

OKX has announced that it will be adjusting the discount rates for several assets in its multi-currency margin mode and portfolio margin mode.

The adjustment, scheduled to take place from 6:00 to 8:00 (UTC) on January 4, 2024, aims to optimize the trading experience and balance market risks for OKX users.

The specific adjustments to the discount rates are detailed here.

The adjustment aims to match the market liquidity of each currency, allowing users to convert different currencies into their USD value and use them as margin effectively. By applying discount rates based on market risks, OKX ensures a fair and balanced trading environment.

For more information on discount rates and how they are calculated, please visit OKX's website.

For more information, please visit the 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, 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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