Dear OKX Users,
OKX is excited to announce the upcoming launch of LINK futures contracts and adjustments to the fee structure and tiered margin rules for LINK perpetual contracts. Below are the detailed updates:
1. Launch of LINK Futures Contracts
Key Details:
- Launch Date: August 20, 14:00 HKT
- Platforms: Web, Mobile App, and API
Contracts Available:
- LINKUSD Futures (settled in LINK)
- LINKUSDT Futures (settled in USDT)
Contract Specifications:
LINKUSD Futures:
| Contract Element | Details |
|---|---|
| Underlying Asset | LINK/USD Index |
| Settlement Coin | LINK |
| Face Value | 10 USD |
| Pricing Unit | USD per LINK |
| Minimum Price Increment | 0.001 |
| Leverage Range | 0.01–33.33x |
| Contract Types | Weekly, Bi-weekly, Quarterly, Bi-quarterly |
| Trading Hours | 24/7 |
| Delivery Time | Fridays at 16:00 HKT (contract expiry) |
| Settlement Time | Daily at 16:00 HKT |
LINKUSDT Futures:
| Contract Element | Details |
|---|---|
| Underlying Asset | LINK/USDT Index |
| Settlement Coin | USDT |
| Face Value | 1 LINK |
| Pricing Unit | USDT per LINK |
| Minimum Price Increment | 0.001 |
| Leverage Range | 0.01–33.33x |
| Contract Types | Weekly, Bi-weekly, Quarterly, Bi-quarterly |
| Trading Hours | 24/7 |
| Delivery Time | Fridays at 16:00 HKT (contract expiry) |
| Settlement Time | Daily at 16:00 HKT |
2. Adjusted Fee Structure for LINK Contracts
Effective Date:
August 20, 14:00 HKT
Changes:
- LINK futures/perpetual contracts will adopt fee rates aligned with major cryptocurrencies (BTC, ETH, etc.).
Updated Fee Schedule:
Standard Users:
| User Level | OKB Holding | 30-Day Volume (BTC) | Maker Fee (Perpetual) | Taker Fee (Perpetual) | Maker Fee (Futures) | Taker Fee (Futures) |
|---|---|---|---|---|---|---|
| Lv1 | < 500 | < 5,000 | 0.020% | 0.050% | 0.020% | 0.050% |
| Lv2 | ≥ 500 | < 5,000 | 0.018% | 0.045% | 0.018% | 0.045% |
VIP Users:
| VIP Level | 30-Day Volume (BTC) | Maker Fee (Perpetual) | Taker Fee (Perpetual) | Maker Fee (Futures) | Taker Fee (Futures) |
|---|---|---|---|---|---|
| VIP1 | ≥ 5,000 | 0.010% | 0.030% | 0.015% | 0.030% |
| VIP2 | ≥ 10,000 | 0.005% | 0.030% | 0.010% | 0.030% |
3. Tiered Margin Rules Update
Effective Date:
August 18, 15:00 HKT
Adjustments:
- Enhanced position limits and liquidity for LINK futures/perpetual contracts.
New Rules:
| Contract Type | Tier 1 Position Limit | Increment per Tier | Base Maintenance Margin | Base Initial Margin |
|---|---|---|---|---|
| LINK Futures/Perpetual | 10,000 | 10,000 | 1.5% | 3.0% |
Formula Examples:
- Tier 3 Position Limit: 10,000 + (2 × 10,000) = 30,000
- Tier 3 Maintenance Margin: 1.5% + (2 × 0.5%) = 2.5%
FAQs
Q: When will LINK futures trading begin?
A: Trading starts on August 20, 14:00 HKT.
Q: What leverage is available for LINK contracts?
A: Leverage ranges from 0.01x to 33.33x.
Q: How are fees calculated for VIP users?
A: Fees reduce with higher trading volumes (e.g., VIP1 pays 0.010% maker fee).
OKX remains committed to delivering exceptional products and services.
OKX Team
August 18 (HKT)