Dear valued customers,
The liquidation mechanism upgrade implemented on Feb 20 showed effective results in the volatile market this week. Taking BTC as an example, although there was a sharp drop in price of 13% within a short period of time on Feb 24, there was no societal loss recorded for all BTC contracts.
As a token of appreciation to the team and to enhance the protection for our users, the CEO of OKX donated USD1.3 million worth digital assets to OKX’s futures insurance fund in his own name. After his donation, the societal loss of futures and perpetual swap of BTC, ETH, and EOS this week is zero.
In the future, OKX will continue to improve the risk management measures of our contract products and offer you the best trading experience and services.
Mar 1, 2019