Dear valued customers, The depositing of COVER will resume at 2021.1.14 8:00（UTC） The withdrawal of COVER will resume at 2021.1.15 8:00（UTC） Thank you for your continued support and we assure you our best services at all times. Regards, OKX Jan.14 2021 Click Here to Download OKX App >>> Click Here for OKX Twitter >>> Click Here to Join OKX Official Community >>>

Dear valued customers, Due to a significant exploit found in the COVER smart contract, OKX suspended COVER deposits from Dec 28,2020 13:30 (UTC) to protect OKX trading users. We will provide an update in a further announcement shortly. Please note that COVER trading and COVER withdrawals will remain open. Thank you for your continued support and we assure you our best services at all times.

Dear valued users, The conversion and distribution of the new COVER token is complete. Old COVER tokens held by users at the time of the snapshot (at 10:30 am UTC on Dec. 31, 2020) has converted at a 1:1 ratio to new COVER token. OKX will resume trading for COVER/USDT and COVER/ETH today at 12:00 pm UTC. The time for deposits and withdrawals will be announced soon.

If liquidation occurs, we'll close your positions at the current market price to cover your losses. Any remaining funds after covering the loss will be returned to your account. It's important to understand the terms and conditions of our liquidation process to be fully prepared. Visit here to learn more about trading and risk management.

Compensation will also include the associated liquidation penalty and trading fees (as determined by OKX), and exclude any bankruptcy losses already covered by the insurance fund. For any additional inquiries regarding adjustment or eligibility, please contact us via the Support Center.

Actual interest = Actual loan amount * Current APR/365/24 * 85%.Source and use of margin 15% of the interest paid by margin traders will be deposited as margin to cover potential losses. OKX reserves the right to use the 15% interest for other purposes.In the event that the margin cannot cover potential losses, a maximum of 50% of the relevant users' daily interest will be appropriated to cover the outstanding loss so as to ensure users receive interest every day.

If, due to rapid market movements and high volatility, the executed price is lower than the account's bankruptcy price, the resulting deficit (the excessive loss) is covered by the Security Fund. The Security Fund is critical because it: Prevents Auto-Deleveraging (ADL): By covering the shortfall, the Security Fund reduces the pressure on the system having to engage the Auto-Deleveraging (ADL) mechanism.

Suspension on token deposit: We have suspended the deposits of the tokens mentioned above: HNT, BTM, PICKLE, QOM, SAITAMA, COVER, and DHT, starting from 8:00 am UTC on November 3, 2023. Please manage your assets promptly. Once the delisting is complete, you can find your assets under Assets > Funding > Untradable assets.

Isolated margin order filled In isolated margin trading, if the equity of a crypto is insufficient to cover the margin and the trading fee required when an expiry futures, perpetual futures, or option order is filled, liability will incur. Assume your account has 10,000 USDC and uses 10x leverage for an isolated BTC-USDT perpetual futures trade. You place an opening order valued at 1,000 USD.

If liquidation occurs, your collateral will be liquidated by our liquidation engine to cover your losses. Any remaining funds after covering the loss will be returned to your account. It's important to understand the terms and conditions of our liquidation process to be fully prepared. Visit here to learn more about trading and risk management. Disclaimer This content is provided for informational purposes only and may cover products that are not available in your region.

If the amount is too small, the funds cannot be aggregated because the address balance may not be sufficient to cover the miner fees for an on-chain transfer. System management: The minimum deposit amount helps the platform manage asset flows better and prevents system strain caused by small deposits. Note: please confirm the minimum deposit amount before making a deposit to ensure smooth transactions.

The x402 protocol enables the platform to cover gas fees on behalf of its users, and OKX Wallet fully bears the gas fees for transferring the aforementioned stablecoins. To ensure you can use this service smoothly, please update OKX Wallet to the latest version. Will there be more tokens that support gas-free transfers?We are closely collaborating with the USDG team on development—stay tuned! For the list of supported tokens, please visit this page for the latest updates.

Users will be able to stake GMX with a few clicks and earn yield in return and OKX will cover the gas fee for on-chain behaviors. Crypto Type Term Total limit Individual limit Rate (APY) GMX DeFi Flexible N/A N/A Approx. 4.51%, the APY is adjusted automatically based on the on-chain rewards. How to stake GMX Web: Navigation bar > Finance > Earn > Onchain Earn Search GMX. Click Select and then subscribe. Mobile: Homepage > Earn > Onchain Earn Search GMX and click on it. Then tap Subscribe.

Proceed to the detail page by selecting Send gift On the ensuing page, you can select the gift cover of your Crypto gift and then select Next Note: to create a gift, you must complete your identity and security verifications. If these verifications aren't yet completed, you'll be prompted to do so. Please follow the provided instructions that appear on the screen to complete the necessary verifications before proceeding with the gift creation. each gift can include up to 500 recipients.

The snapshot will cover funding and trading accounts. STRKdeposits, withdrawals and spot trading will open after token migration. Users will be notified of the exact opening time in a later announcement. After the SPND to STRK migration process is completed, OKX will announce the time when STRK deposits, withdrawals and spot trading services will be reopened. Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital.