Dear OKX Users,
To enhance market liquidity, index stability, and risk management across margin trading, futures, and perpetual swap products, OKX will implement the following adjustments:
Key Changes Summary
- XRP Index Composition Update (Effective January 6, 2021 at 18:00 HKT)
- Margin & Contract Tier Adjustments (Effective December 31, 2020 at 18:00 HKT)
Section 1: Revised XRP Index Methodology
Previous Index Composition
XRP/USDT Index
| Exchange | Trading Pair | Weight |
|---|---|---|
| OKX | XRP/USDT | 20% |
| Binance | XRP/USDT | 20% |
| Huobi | XRP/USDT | 20% |
| BitFinex | XRP/BTC | 20% |
| Bittrex | XRP/BTC | 20% |
XRP/USD Index
| Exchange | Trading Pair | Weight |
|---|---|---|
| OKX | XRP/BTC | 25% |
| Bitstamp | XRP/USD | 25% |
| Bittrex | XRP/BTC | 25% |
| Poloniex | XRP/BTC | 25% |
Updated Index Structure (2021)
XRP/USDT Index
| Exchange | Trading Pair | Weight |
|---|---|---|
| OKX | XRP/USDT | 25% |
| Binance | XRP/USDT | 25% |
| Huobi | XRP/USDT | 25% |
| Gate | XRP/USDT | 25% |
Section 2: Tiered Margin Rules
1. XRP/USDT Margin Trading
| Tier | Max XRP Borrow | Max USDT Borrow | Maintenance Margin | Min Initial Margin | Max Leverage |
|---|---|---|---|---|---|
| 1 | 120,000 | 30,000 | 8.00% | 11.00% | 10x |
| 2 | 600,000 | 150,000 | 11.00% | 25.00% | 5x |
👉 Explore margin trading strategies
2. XRPUSD Futures Contracts
| Tier | Min Contracts | Max Contracts | Maintenance Margin | Min Initial Margin | Max Leverage |
|---|---|---|---|---|---|
| 1 | 0 | 10,000 | 1.50% | 3.00% | 33.33x |
| 2 | 10,001 | 20,000 | 2.00% | 3.50% | 28.57x |
3. XRPUSDT Perpetual Swaps
| Tier | Min Contracts | Max Contracts | Maintenance Margin | Min Initial Margin | Max Leverage |
|---|---|---|---|---|---|
| 1 | 0 | 2,500 | 1.50% | 3.00% | 33.33x |
| 2 | 2,501 | 5,000 | 2.00% | 3.50% | 28.57x |
Risk Management Advisory
- Price Volatility: Index adjustments may cause temporary price fluctuations.
- Margin Requirements: Maintenance rates may increase post-adjustment.
Position Management: Users are advised to:
- Reduce leverage ratios
- Add collateral
- Close positions proactively
👉 Learn advanced risk management techniques
FAQ: XRP Rule Changes
Q1: When do the new rules take effect?
A1: Index changes occur January 6, 2021; margin tier updates start December 31, 2020 (both at 18:00 HKT).
Q2: How will this affect my open positions?
A2: Existing positions will automatically migrate to new tiers, potentially requiring additional collateral.
Q3: Why was Gate.io added to the index?
A3: To improve price stability through broader market representation.
Q4: Can I still use 100x leverage on XRP?
A4: Maximum leverage is now 33.33x for most products to mitigate risk.
Q5: Where can I check my new margin requirements?
A5: The "Position" tab will display updated requirements post-implementation.
OKX remains committed to providing secure, liquid trading environments. For assistance, contact our 24/7 support team.
OKX Trading Team
December 2020 Update