OKX discontinues quick margin mode to enhance trading stability
OKX ends quick margin mode
OKX, a global cryptocurrency exchange, has announced the discontinuation of its quick margin mode effective January 1, 2025. This move aims to maintain trading stability and optimize margin trading processes on the platform.
Transition details for users
For users without liabilities in their quick margin positions, OKX will automatically cancel any open quick margin orders and transfer the associated crypto assets back to their trading accounts. These positions will be closed starting January 1, 2025.
However, users with outstanding liabilities from quick margin positions are advised to settle them by January 10, 2025, to avoid potential losses. Once all liabilities are repaid, users can withdraw any remaining crypto assets, and their positions will then be closed.
Transition to isolated margin mode
Following the discontinuation of quick margin mode, all user accounts will transition to auto-transfer mode under the isolated margin trading system. This system provides improved management and segregation of margin funds, reducing risks associated with cross-collateralized positions.
OKX has assured users that they can continue borrowing crypto assets through spot trading mode, which offers similar functionality to quick margin mode but with reduced risk exposure.
Enhancing platform stability
This change reflects OKX's ongoing commitment to enhancing the security and stability of its trading environment. By discontinuing quick margin mode, OKX aims to streamline its trading offerings and deliver a more reliable and efficient trading experience for its users.
User support and guidance
OKX encourages users to review their accounts and address any outstanding liabilities as soon as possible to avoid disruptions during the transition. The platform has also pledged to provide clear guidance and support to help users navigate these changes effectively.
For further information, OKX users are encouraged to refer to the official announcement on the platform’s website or contact customer support for assistance.
As the cryptocurrency market continues to evolve, exchanges like OKX adapt their offerings to meet user needs while maintaining robust trading structures.
Earlier, OKX introduced Smart Sync, an AI-powered feature designed to enhance its Spot Copy Trading tool.
