This new system is adopted to avoid the liquidation of large positions, causing big impact on market liquidity. First introduced on OKEx Perpetual Swap Trading, tiered maintenance margin ratio system has effectively improved the trading experience of our users. Not only does it prevent cascade liquidation, but it also enables users to have a wider choice of leverage levels. The system divides users’ positions into different tiers based on their maintenance margin ratios. The larger the position size one holds, the higher the maintenance margin ratio is required, which means that users must have sufficient margin to support their high leverage level.
Higher effective leverage
With the new tiered maintenance margin ratio system being introduced, higher leverage levels are now made available. The maximum leverage level available for BTC contracts is 100x, for EOS, ETH, LTC, and BCH 50x, for ETC and ERP 30x, and for BSV and TRX 20x.
Partial Forced Liquidation
Instead of fully liquidating all positions when margin call occurs, partial forced liquidation will be exercised in the new upgrade. Therefore, even under a volatile market condition, users will have a much lower risk of losing all their positions.However, to minimize the impact of the upgrade to our existing customers, our futures trading will support both forced liquidation modes during the transition period. Users are recommended to use the new forced liquidation mode to minimize their positions’ risks.
The Grace Period Promotion* will be launched on June 11, 2019 to allow new futures trading users to perform trades at lower fees. Traders can enjoy the trading fees of a higher tier (1-2 tier) on OKEx official website with the following requirements fulfilled:
*Terms & conditions apply.
A new fee schedule will be implemented at 17:00 June 11, 2019 (CET, UTC+1):
Risk Warning: Trading digital assets involves significant risk and can result in the loss of invested capital. Users should ensure that they fully understand the risk involved and take into consideration their level of experience, investment objectives and seek independent financial advice if necessary.