Dear OKX Users,
To enhance market liquidity and mitigate trading risks, OKX will adjust leverage tiers and discount rate tiers for selected assets on April 15, 2025, from 2:00 PM to 6:00 PM (UTC+8). These updates will not affect your current position risk levels.
Key Adjustments
1. ETH/USDT and STETH/USDT Leverage Tier Updates
| Trading Pair | Tier | Before Adjustment | After Adjustment |
|---|---|---|---|
| ETH/USDT | 1 | Max Loan: 200 ETH / 480,000 USDT Maintenance Margin: 2% Min Initial Margin: 10% Max Leverage: 10x | Max Loan: 400 ETH / 600,000 USDT Maintenance Margin: 2% Min Initial Margin: 10% Max Leverage: 10x |
| 2 | Max Loan: 220 ETH / 580,000 USDT Maintenance Margin: 2.5% Min Initial Margin: 11% Max Leverage: 9.09x | Max Loan: 800 ETH / 1,200,000 USDT Maintenance Margin: 2.5% Min Initial Margin: 11% Max Leverage: 9.09x | |
| 3 | Max Loan: 300 ETH / 720,000 USDT Maintenance Margin: 3% Min Initial Margin: 12% Max Leverage: 8.33x | Max Loan: 1,200 ETH / 1,800,000 USDT Maintenance Margin: 3% Min Initial Margin: 12% Max Leverage: 8.33x |
| STETH/USDT | 1 | Max Loan: 180 STETH / 480,000 USDT
Maintenance Margin: 2%
Min Initial Margin: 10%
Max Leverage: 10x | Max Loan: 250 STETH / 300,000 USDT
Maintenance Margin: 2%
Min Initial Margin: 10%
Max Leverage: 10x |
| | 2 | Max Loan: 300 STETH / 750,000 USDT
Maintenance Margin: 2.5%
Min Initial Margin: 11%
Max Leverage: 9.09x | Max Loan: 500 STETH / 600,000 USDT
Maintenance Margin: 2.5%
Min Initial Margin: 11%
Max Leverage: 9.09x |
👉 Learn how leverage tiers impact your trading strategy
2. Discount Rate Adjustments for ETH, BETH, and STETH
| Asset | Tier | Previous Discount Rate | Updated Discount Rate |
|---|---|---|---|
| ETH | 1 | 0-200 ETH: 0.98 (2% penalty) | 0-400 ETH: 0.98 (2% penalty) |
| 2 | 200-220 ETH: 0.9775 (2.25% penalty) | 400-800 ETH: 0.9775 (2.25% penalty) | |
| BETH | 1 | 0-200 BETH: 0.97 (3% penalty) | 0-400 BETH: 0.97 (3% penalty) |
| STETH | 1 | 0-180 STETH: 0.90 (2% penalty) | 0-250 STETH: 0.95 (2% penalty) |
Discount Rate Purpose: In cross-margin and portfolio margin modes, asset values are discounted based on liquidity risks to balance market volatility.
Implementation Details
- Isolated Margin & Single-Currency Cross Margin: Follows the leverage tier adjustments above.
- Cross-Currency & Portfolio Margin: Uses USDT trading pair rules for tier calculations.
FAQs
Q: Will this update liquidate my existing positions?
A: No. Risk levels remain unchanged for current positions.
Q: Why are STETH discount rates increasing?
A: Higher discount rates reflect improved liquidity assessments for STETH markets.
Q: How do I check my new leverage limits?
A: Navigate to "Margin Account" > "Borrow Limits" post-update.
👉 Explore OKX's margin trading features
OKX remains committed to delivering exceptional products and services.
OKX Team
April 11, 2025