Dear OKX Users,
To enhance market liquidity and improve your trading experience, OKX will adjust the minimum price precision for ETHUSD and LTCUSD futures contracts effective March 18, 2021, at 17:00 (HKT). Below are the detailed changes:
| Contract Type | Contract | Previous Precision | New Precision |
|---|---|---|---|
| Futures | ETHUSD | 0.001 | 0.01 |
| Futures | LTCUSD | 0.001 | 0.01 |
Key Notes on the Adjustment:
Order Display:
- Open/historical orders (including limit/strategy orders) and positions will reflect the new precision.
- Display logic: Buy orders truncate; sell orders round up.
Execution Rules:
- Existing orders will execute at their original precision. API users retain this functionality.
- Example: An ETHUSD buy order at 330.244 displays as 330.24 post-adjustment but executes at 330.244. Web/APP shows adjusted prices; APIs return original precision.
API Submissions:
- Orders/modifications using old precision (0.001) auto-adjust to 0.01.
- If matched, trades settle at original precision (0.001), reflected in API responses.
- Web/APP users cannot use legacy precision.
👉 Download OKX App for seamless trading.
FAQs
Q1: Will my existing orders be canceled?
No. Orders remain active but display at the new precision.
Q2: How does this affect API users?
API orders with old precision auto-adjust but settle at original prices.
Q3: Can I place orders using the old precision after the adjustment?
No. Web/APP interfaces enforce the new precision.
Q4: How are sell orders displayed?
They round up (e.g., 330.246 → 330.25).
We appreciate your understanding and encourage reviewing your strategies accordingly. For further assistance, visit our 👉 official website.
OKX Team
March 11, 2021
### SEO Keywords:
1. OKX futures
2. ETHUSD precision
3. LTCUSD adjustment
4. trading rules update
5. contract precision changes
6. API trading adjustments
7. futures liquidity
8. order execution rules