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Flash News: OKX to change funding fee collection mechanism

DUBAI, United Arab Emirates, Dec. 10, 2023 (GLOBE NEWSWIRE) — OKX, a leading crypto exchange and Web3 technology company, has issued updates for December 10, 2023.

OKX to change funding fee collection mechanism

OKX today announced that, in order to provide users with better services, OKX will progressively change the funding fee collection mechanism for perpetual contracts from cross-period collection to current-period collection.

Starting on January 4, 2024, funding fee calculations will be based on the funding rate of the current funding period (current-period collection).

Affected contracts are:

  • January 4, 2024, 12:00 am UTC+8
    • USDT-margined perpetual contracts: FLOWUSDT
  • January 10, 2024, 12:00 am UTC+8
    • USDT-margined perpetual contracts: SOLUSDT, TRBUSDT, XRPUSDT, BCHUSDT, and WLDUSDT

Other perpetual contracts will change based on market conditions, with separately issued announcements.

Further details can be viewed here.

For more information, please visit the 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 one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com



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Originally published at https://www.einpresswire.com/article/674149007/flash-news-okx-to-change-funding-fee-collection-mechanism