OKEx updates rules for margin trading

• The Malta-based cryptocurrency exchange amends its trading rules.
• The decision comes after a series of new listings and delistings.

OKEx raises leverage for a selection of cryptocurrencies. The third largest cryptocurrency platform by daily trading volumes announced the decision to increase the leverage from X3 to X5 in such cryptocurrency trading pairs as BTC/USDT, ETH/USDT, ETH/BTC, BCH/USDT, BCH/BTC, LTC/USDT, LTC/BTC, ETC/USDT, ETC/BTC, EOS/USDT и EOS/BTC.

Users will be able to withdraw the surplus funds when the risk ratio for    5x leverage, moves above 125%

“When risk ratio is ≥125% under 5x leverage, the surplus balance in the margin account can be transferred out through “Transfer fund.” The rule for 3x leverage remains unchanged: when the risk ratio is ≥150%, the surplus balance in the margin account can be transferred out through “Transfer fund.”

The margin call for both leverage ratios is set at 120%. It means, that if the risk ration reached 120% or drops below, users will receive automatic notification via SMS, while 110% risk ratio will trigger a forced position liquidation.

In the previous week, OXEx announced the support for XRP and Bitcoin Cash on the customer-to-customer trading platform.

Apart from the newly added coins, OKEx supports Bitcoin, Ethereum, Litecion, Tether and allows trading them against five supported fiat currencies (five supported fiat currencies: the British pound, Chinese renminbi, Vietnamese dong, Russian ruble, and Thai Baht.

Meanwhile, the exchanged stopped supporting NEO, QTUM, and XUC as of February 25.