Cryptocurrency exchange OKX has announced upcoming adjustments to the minimum order quantities for several perpetual and expiry futures contracts, set to take effect on June 6, 2024. The changes will also include modifications to step size for improved trading efficiency.
The adjustments will impact trading pairs such as FET/USDT, SOL/USDT, STX/USDT, and THETA/USDT, with changes to both the minimum order quantity in contracts and coins. Understanding step size and minimum order quantity is crucial for traders to navigate these changes effectively.
With the new step size adjustments, open positions and orders will be displayed in decimals if the step size is less than 1. Traders must ensure that new orders are placed in integral multiples of the step size and at least equal to the minimum order quantity to comply with the updated rules.
API users will also need to take note of the adjustments, as the API interface will reflect the updated values for step size and minimum order quantity post-implementation. OKX emphasizes the importance of understanding these changes to enhance the trading experience on their platform.
For more information on the upcoming adjustments to minimum order quantities on OKX, visit their official website. Stay tuned for further updates on this developing story.
