OKX plans to adjust the TUSD discount rate on October 17
ChainCatcher news, according to the official announcement, in order to provide users with a better trading experience, reduce trading costs, and enhance overall liquidity, OKX plans to adjust the currency discount rates for TUSD's cross-currency margin mode and combined margin mode on October 17, 2023, from 4:00 PM to 5:00 PM (UTC+8).
According to OKX, under the cross-currency margin account mode and combined margin mode, different currency assets in a full-position can be collectively converted into USD value for margin use. Due to significant differences in market liquidity among various currencies, the platform has applied discounts when calculating the actual USD value of each currency, in order to balance market risks.
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