Dear OKX Users,
To enhance market liquidity and optimize your trading experience, OKX will adjust the minimum price precision and trading currency quantity precision for certain spot/margin trading pairs. The adjustments will take place from 14:00 to 14:30 (UTC+8) on March 9, 2023.
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1. Trading Currency Quantity Precision Adjustments
The following spot/margin trading pairs will undergo adjustments to their trading currency quantity precision:
| Trading Line | Trading Pair | Previous Precision | Adjusted Precision | Adjustment Window |
|---|---|---|---|---|
| Spot | FIL/ETH | 0.00000001 | 0.0001 | 14:00 – 14:02 |
| Spot | YEE/USDT | 0.000001 | 0.0001 | 14:06 – 14:08 |
2. Minimum Price Precision Adjustments
The following spot/margin trading pairs will undergo adjustments to their minimum price precision:
| Trading Line | Trading Pair | Previous Precision | Adjusted Precision | Adjustment Window |
|---|---|---|---|---|
| Spot | FIL/ETH | 0.0001 | 0.000001 | 14:03 – 14:05 |
| Spot | YEE/USDT | 0.000001 | 0.0000001 | 14:09 – 14:11 |
| Spot | FIL/BTC | 0.000001 | 0.0000001 | 14:12 – 14:14 |
| Spot | EC/USDT | 0.00001 | 0.000001 | 14:15 – 14:17 |
| Spot | FODL/USDT | 0.0001 | 0.00001 | 14:18 – 14:20 |
| Spot | LING/USDT | 0.0000001 | 0.000001 | 14:21 – 14:23 |
Risk Advisory
During the adjustment period, the affected trading pairs will be temporarily suspended for 2 minutes. Users will be unable to place orders, cancel orders, add margin, or transfer funds for these pairs. Other trading pairs will remain unaffected. To minimize trading disruption, users are advised to cancel orders, reduce positions, or add margin in advance.
Rules for Order and Position Handling During Adjustments
A. Trading Currency Quantity Precision Adjustments
1. Order Handling Rules
For reductions in precision (e.g., 0.0001 → 0.01):
- Limit orders with quantity precision exceeding the new standard will be canceled.
- Strategy orders (e.g., grid, martingale) will be terminated if canceled. Other strategies (e.g., TWAP, iceberg) will resume trading with the new precision.
For increases in precision (e.g., 0.01 → 0.0001):
- All active orders will remain unchanged.
2. Position and Order Display Rules
- After precision reduction, order quantities will display at the new precision level for web/mobile users. API users retain original precision.
- Precision increases retain original display rules.
B. Minimum Price Precision Adjustments
1. Order Handling Rules
For reductions in precision (e.g., 0.0001 → 0.01):
- Orders with price precision exceeding the new standard will be canceled.
- Strategy orders follow the same rules as quantity adjustments.
For increases in precision (e.g., 0.01 → 0.0001):
- No order cancellations occur.
2. Position and Order Display Rules
- Post-adjustment, prices display at new precision ("buy orders rounded down, sell orders rounded up") for web/mobile users. API users retain original precision.
FAQs
Q1: Will my active orders be affected during the adjustment?
A: Only orders failing to meet the new precision standards will be canceled. Other orders remain intact.
Q2: How should API users adapt to these changes?
A: API users must update their order parameters to match the new precision standards. Non-compliant orders will be auto-adjusted by the system.
Q3: Can I trade during the adjustment window?
A: Affected pairs will be paused for 2 minutes. Trade other pairs uninterrupted.
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OKX remains committed to delivering superior products and services. We apologize for any inconvenience and appreciate your understanding.
OKX Team
March 3, 2023 (UTC+8)
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Trading carries risks—decide wisely.