OKX to Adjust Discount Rates for BETH

/EIN News/ -- NASSAU, the Bahamas, July 10, 2024 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for July 11, 2024.

OKX to Adjust Discount Rates for BETH
OKX is announcing an adjustment to the discount rates for BETH in the multi-currency margin mode and portfolio margin mode. This adjustment is scheduled to take place on July 18, 2024, between 6:00 am and 8:00 am (UTC).

Following the adjustment, the discount rate for BETH will be higher. Importantly, this change will not affect the risk level of current positions held by users.

Specific Adjustments:

Asset	Before		After
	Tier (USD)	Discount rate	Tier (USD)	Discount rate
BETH	0 ~ 1,000,000	0.8	0 ~ 2,000,000	0.95
	1,000,000 ~ 2,000,000	0.75	2,000,000 ~ 4,000,000	0.85
	2,000,000 ~ 4,000,000	0.5	4,000,000 ~ 8,000,000	0.5
	> 4,000,000	0	> 8,000,000	0

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 is known for being the fastest and most reliable crypto trading app for traders everywhere.

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.