In order to reduce transaction costs, enhance market liquidity and improve trading experience, OKX will change the contract size of USDT-Margined perpetual and futures contracts. The adjustment is scheduled in two separate batches. Please see details below.

　　1. The contract size of the following USDT-margined perpetual and futures contracts will be adjusted on 2022-04-14 at 9:10-9:30 AM .

　　Contract Type

　　Trading Pair

　　Before

　　After

　　Multiplier

　　USDT-M Perpetual

　　ADAUSDT

　　100

　　10

　　1/10

　　USDT-M Perpetual

　　ALGOUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　ATOMUSDT

　　1

　　0.1

　　1/10

　　USDT-M Perpetual

　　BNTUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　COMPUSDT

　　0.1

　　0.01

　　1/10

　　USDT-M Perpetual

　　CVCUSDT

　　100

　　10

　　1/10

　　USDT-M Perpetual

　　DASHUSDT

　　0.1

　　0.01

　　1/10

　　USDT-M Perpetual

　　DOGEUSDT

　　1,000

　　10

　　1/100

　　USDT-M Perpetual

　　FTMUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　IOSTUSDT

　　1,000

　　100

　　1/10

　　USDT-M Perpetual

　　LINKUSDT

　　1

　　0.1

　　1/10

　　USDT-M Perpetual

　　MANAUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　MKRUSDT

　　0.01

　　0.001

　　1/10

　　USDT-M Perpetual

　　NEARUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　NEOUSDT

　　1

　　0.1

　　1/10

　　USDT-M Perpetual

　　SANDUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　SHIBUSDT

　　1,000,000

　　100,000

　　1/10

　　USDT-M Perpetual

　　STORJUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　THETAUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　WAVESUSDT

　　1

　　0.1

　　1/10

　　USDT-M Perpetual

　　XLMUSDT

　　100

　　10

　　1/10

　　USDT-M Perpetual

　　XMRUSDT

　　0.1

　　0.01

　　1/10

　　USDT-M Perpetual

　　ZECUSDT

　　0.1

　　0.01

　　1/10

　　USDT-M Perpetual

　　ZENUSDT

　　1

　　0.1

　　1/10

　　USDT-M Futures

　　ADAUSDT

　　100

　　10

　　1/10

　　USDT-M Futures

　　LINKUSDT

　　1

　　0.1

　　1/10

　　2. The contract size of the following USDT-margined perpetual and futures contracts will be adjusted on 2022-04-21 at 9:10-9:30 AM .

　　Contract Type

　　Trading Pair

　　Before

　　After

　　Multiplier

　　USDT-M Perpetual

　　AVAXUSDT

　　1

　　0.1

　　1/10

　　USDT-M Perpetual

　　BCHUSDT

　　0.1

　　0.01

　　1/10

　　USDT-M Perpetual

　　BSVUSDT

　　1

　　0.1

　　1/10

　　USDT-M Perpetual

　　BTCUSDT

　　0.01

　　0.001

　　1/10

　　USDT-M Perpetual

　　DOTUSDT

　　1

　　0.1

　　1/10

　　USDT-M Perpetual

　　EOSUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　ETCUSDT

　　10

　　0.1

　　1/100

　　USDT-M Perpetual

　　ETHUSDT

　　0.1

　　0.001

　　1/100

　　USDT-M Perpetual

　　LTCUSDT

　　1

　　0.01

　　1/100

　　USDT-M Perpetual

　　MATICUSDT

　　10

　　1

　　1/10

　　USDT-M Perpetual

　　SOLUSDT

　　1

　　0.1

　　1/10

　　USDT-M Perpetual

　　TRXUSDT

　　1,000

　　100

　　1/10

　　USDT-M Perpetual

　　XRPUSDT

　　100

　　10

　　1/10

　　USDT-M Futures

　　BTCUSDT

　　0.01

　　0.001

　　1/10

　　USDT-M Futures

　　DOTUSDT

　　1

　　0.1

　　1/10

　　USDT-M Futures

　　EOSUSDT

　　10

　　1

　　1/10

　　USDT-M Futures

　　ETHUSDT

　　0.1

　　0.001

　　1/100

　　USDT-M Futures

　　LTCUSDT

　　1

　　0.01

　　1/100

　　USDT-M Futures

　　TRXUSDT

　　1,000

　　100

　　1/10

　　USDT-M Futures

　　XRPUSDT

　　100

　　10

　　1/10

　　For more information, please visit the OKX website: https://www.okx.com/trade-market/info/futures

　　Risk Alert

　　All transactions will be temporarily suspended during the adjustment. Users will not be able to place or cancel orders, add margin and transfer funds. Please make sure to cancel orders, reduce positions, add margin, among other precautionary measures, in advance, to avoid potential risks.

　　3. Specific changes after adjustment

　　Holdings:

　　The number of contracts held by users will increase by 1/X times after the adjustment, where X is the adjustment multiplier. The number of crypto held will remain unchanged.

　　Example:

　　If you hold 1 ADAUSDT perpetual contract with a contract size of 100 ADA before the adjustment, the contract size will be reduced from 100 to 10 and the number of contracts you hold will be increased from 1 to 10 after the adjustment, while the total value of your holdings will remain unchanged at 100 ADA.

　　Pending orders:

　　The number of all pending orders will increase by 1/X times after the adjustment, where X is the adjustment multiplier. The number of crypto in your order will remain unchanged.

　　Example:

　　If you place a limit order for 1 ADAUSDT perpetual contract with a contract size of 100 ADA before the adjustment, the contract size will be reduced from 100 to 10 and the number of contracts in the limit order will be increased from 1 to 10 after the adjustment, while the total value of your limit order will remain unchanged at 100 ADA.

　　Position tiers:

　　The number of contracts per order for users in all position tiers will increase by 1/X times after the adjustment, where X is the adjustment multiplier.

　　Example:

　　Before the adjustment, the maximum number of ADAUSDT perpetual contracts per order for tier-1 users is 75, with a total value 7,500 ADA. After the adjustment, the contract size will be reduced from 100 to 10 and the maximum number of ADAUSDT perpetual contracts per order for tier-1 users will be increased from 75 to 750, while the total value of your order will remain unchanged at 7,500 ADA.

　　Number of contracts per order:

　　For market orders, SL/TP orders, trigger orders, iceberg orders and TWAP orders, the maximum number of contracts per order after adjustment = the maximum number of contracts per order before adjustment / multiplier.

　　Example:

　　Before the adjustment, for market orders, SL/TP orders and trigger orders, the maximum number of contracts per order for ADAUSDT perpetual contracts is 2,000, with a total value of 200,000 ADA. After the adjustment, the contract size will be reduced from 100 to 10, and the maximum number of contracts per order for tier-1 users will increase by 10x to 20,000, while the total value will remain at 200,000 ADA.

　　Position limit in the portfolio margin mode:

　　Position limit in the portfolio margin mode means the maximum number of contracts per order and the maximum number of contracts held by each user. Position limit after adjustment = position limit before adjustment / multiplier.

　　Example:

　　Before the adjustment, the maximum number of ADAUSDT perpetual contracts per order in the portfolio margin mode and the maximum number of contracts held by each user is 60,400, with a total value of 6,040,000 ADA. After the adjustment, the contract size changes from 100 to 10 and the maximum number of contracts per order for tier-1 users will increase by 10x 604,000, while the total value will remain at 6,040,000 ADA.

　　Thank you for your continued support. We assure you of our best services at all times.

　　OKX

　　April 31, 2022

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