In order to reduce transaction costs, enhance market liquidity and improve trading experience, OKX will upgrade its fee rate system on May 7, 2022. After the upgrade, all currency pairs will be in the same fee rate category. Different fee rates will be introduced for each product line, including spot trading, USDT-margined futures contracts, crypto-margined futures contracts, USDT-margined perpetual contracts, crypto-margined perpetual contracts and options.
The new fee rate rules will go into effect at 8:00-10:00 am on May 7, 2022 (UTC), and the fee tiers for users will be also updated and become effective at 11:00 pm on May 7, 2022 (UTC).
If users meet the conditions of different fee tiers in terms of spot trading volume, total trading volume of futures and perpetual contracts (USDT-margined and crypto-margined), options trading volume and total assets, they will enjoy the fee discount of the highest fee tier.
For example, if a user's 30-day spot trading volume is 20,000,000 USD (VIP 2); his total trading volume of futures and perpetual contracts (USDT-margined and crypto-margined) in the last 30 days is 200,000,000 USD (VIP 3); his 30-day options trading volume is 5,000,000 USD (VIP 1); and his total assets as of today is 5,000,000 USD (VIP 4), he will enjoy fee discounts in all markets as a VIP 4 user.
In the meantime, we will also make changes the ‘Get fee rates’ interface on the API platform. New parameters takerU and makerU will be added to represent the fee rates of USDT-margined futures and perpetual contracts.
For any inquiries regarding this upgrade, please feel free to contact us in the official OKX Telegram group or via the Support Center.
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