OKX to Adjust Funding Rate Interval for Certain Perpetual Futures Contracts
NASSAU, The Bahamas, July 12, 2024 (GLOBE NEWSWIRE) — OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for July 12, 2024.
OKX to Adjust Funding Rate Interval for Certain Perpetual Futures Contracts
In order to mitigate risks and improve customers’ trading experience, OKX will adjust the funding rate interval for certain perpetual futures on July 18, 2024, and July 25, 2024.
The original funding rate interval for these perpetual futures is 8 hours. The platform settles funding fees at 12:00 am, 8:00 am, and 4:00 pm each day.
Post adjustment, the funding rate interval for these contracts will be 4 hours. The platform will settle funding fees at 12:00 am, 4:00 am, 8:00 am, 12:00 pm, 4:00 pm, 8:00 pm each day.
Specific adjustment details are available in this announcement link.
To learn more, visit OKX’s Support Center.
For further information, please contact:
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.
