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OKEx fee rate system upgrade to introduce new asset balance requirement
December 27, 2021
To enhance users’ trading experience, the OKEx fee rate system will be upgraded at 7:00 am UTC on Dec. 24, 2021 to include an additional criteria — the daily USD asset balance — that can qualify users for VIP tiers.
After this upgrade, users with a daily asset balance of $100,000 or more can avail VIP 1 tier fee rates and benefits. This new criteria extends to the VIP 4 tier, with a daily asset balance requirement of $5,000,000 or more.
The new fee rate system will be effective from Dec. 25, 2021 with the following rules:
| Regular user | |||||||||||||
| Tier | Total OKB holding | Spot | Futures | Perpetual | Option | ||||||||
| Asset (USD) or 30-day trading volume (USD) | Spot maker fee | Spot taker fee | Asset (USD) or 30-day trading volume (USD) | Futures maker fee | Futures taker fee | Asset (USD) or 30-day trading volume (USD) | Perpetual maker fee | Perpetual taker fee | Asset (USD) or 30-day trading volume (USD) | Option maker fee | Option taker fee | ||
| Lv 1 | <500 | <100,000 / < 10,000,000 | 0.080% | 0.100% | <100,000 / < 50,000,000 | 0.020% | 0.050% | <100,000 / < 50,000,000 | 0.020% | 0.050% | <100,000 / < 5,000,000 | 0.020% | 0.050% |
| Lv 2 | ≥500 | <100,000 / < 10,000,000 | 0.075% | 0.095% | <100,000 / < 50,000,000 | 0.017% | 0.045% | <100,000 / < 50,000,000 | 0.017% | 0.045% | <100,000 / < 5,000,000 | 0.018% | 0.045% |
| Lv 3 | ≥1,000 | <100,000 / < 10,000,000 | 0.070% | 0.090% | <100,000 / < 50,000,000 | 0.017% | 0.040% | <100,000 / < 50,000,000 | 0.017% | 0.040% | <100,000 / < 5,000,000 | 0.017% | 0.040% |
| Lv 4 | ≥1,500 | <100,000 / < 10,000,000 | 0.065% | 0.085% | <100,000 / < 50,000,000 | 0.016% | 0.035% | <100,000 / < 50,000,000 | 0.016% | 0.035% | <100,000 / < 5,000,000 | 0.016% | 0.035% |
| Lv 5 | ≥2,000 | <100,000 / < 10,000,000 | 0.060% | 0.080% | <100,000 / < 50,000,000 | 0.015% | 0.030% | <100,000 / < 50,000,000 | 0.015% | 0.030% | <100,000 / < 5,000,000 | 0.015% | 0.030% |
| Vip user | ||||||||||||
| Tier | Spot | Futures | Perpetual | Option | ||||||||
| Asset (USD) or 30-day trading volume (USD) | Spot maker fee | Spot taker fee | Asset (USD) or 30-day trading volume (USD) | Futures maker fee | Futures taker fee | Asset (USD) or 30-day trading volume (USD) | Perpetual maker fee | Perpetual taker fee | Asset (USD) or 30-day trading volume (USD) | Option maker fee | Option taker fee | |
| VIP 1 | ≥100,000 / ≥ 10,000,000 | 0.060% | 0.080% | ≥100,000 / ≥ 50,000,000 | 0.010% | 0.030% | ≥100,000 / ≥ 50,000,000 | 0.010% | 0.030% | ≥100,000 / ≥ 5,000,000 | 0.015% | 0.030% |
| VIP 2 | ≥500,000 / ≥ 20,000,000 | 0.040% | 0.075% | ≥500,000 / ≥ 100,000,000 | 0.005% | 0.030% | ≥500,000 / ≥ 100,000,000 | 0.005% | 0.030% | ≥500,000 / ≥ 10,000,000 | 0.010% | 0.030% |
| VIP 3 | ≥2,000,000 / ≥ 50,000,000 | 0.020% | 0.070% | ≥2,000,000 / ≥ 200,000,000 | 0.000% | 0.030% | ≥2,000,000 / ≥ 200,000,000 | 0.000% | 0.030% | ≥2,000,000 / ≥ 25,000,000 | 0.005% | 0.030% |
| VIP 4 | ≥5,000,000 / ≥ 100,000,000 | 0.000% | 0.060% | ≥5,000,000 / ≥ 600,000,000 | 0.000% | 0.025% | ≥5,000,000 / ≥ 600,000,000 | 0.000% | 0.025% | ≥5,000,000 / ≥ 40,000,000 | 0.000% | 0.025% |
| VIP5 | — / ≥ 200,000,000 | -0.002% | 0.050% | — / ≥ 1,000,000,000 | -0.002% | 0.025% | — / ≥ 1,000,000,000 | -0.002% | 0.025% | — / ≥ 80,000,000 | -0.002% | 0.025% |
| VIP6 | — / ≥ 500,000,000 | -0.005% | 0.040% | — / ≥ 1,500,000,000 | -0.005% | 0.025% | — / ≥ 1,500,000,000 | -0.005% | 0.025% | — / ≥ 150,000,000 | -0.005% | 0.025% |
| VIP7 | — / ≥ 1,000,000,000 | -0.010% | 0.030% | — / ≥ 2,000,000,000 | -0.010% | 0.025% | — / ≥ 2,000,000,000 | -0.010% | 0.025% | — / ≥ 250,000,000 | -0.010% | 0.025% |
| VIP8 | — / ≥ 10,000,000,000 | -0.010% | 0.025% | — / ≥ 20,000,000,000 | -0.010% | 0.020% | — / ≥ 20,000,000,000 | -0.010% | 0.020% | — / ≥ 2,500,000,000 | -0.010% | 0.020% |
The table above represents the fee rates of class A currencies. The fee rates for other classes of cryptocurrencies will also be modified synchronously. For details, please review our trading fees page.
As before, users can avail the benefits of the highest tier they qualify for based on the different requirements. For instance, if a user’s 30-day spot trading volume stands at $20,000,000 (VIP 2), their 30-day futures trading volume stands at $200,000,000 (VIP 3), their 30-day options trading volume stands at $50,000,000 (VIP 1) and their total asset balance for the day, at 4:00 pm UTC, stands at $5,000,000 (VIP 4 under the new rules), they will be able to avail VIP 4 tier benefits across all markets, including spot, futures, swaps and options.
Calculation method for assets
OKEx will begin to take a snapshot of users’ assets from different types of coins at 4:00 pm UTC every day and convert their value to USDT and then into BTC. The system will then further convert the value to USD as per the daily BTC/USD middle price (BTC/USD middle price = (opening price + closing price)/2).
Snapshot assets include those held in classic accounts (spot, margin, futures, perpetual swap and options), trading accounts (unified accounts), funding accounts and financial accounts. Assets borrowed for leverage and loans shall not be counted.
The daily snapshot of asset only affects the fee level of the current day. If the asset and trading volume of the last 30 days are not up to the standard on the second day, the user’s fee level will goes down.
This daily snapshot of asset balances only affects users’ tiers for that day. A user’s tier for the next day can change if their asset balance or 30-day trading volume on that day qualifies them for a higher or lower tier. This calculation happens on a daily basis and users’ tiers stay the same or change accordingly.
For any inquiries regarding this upgrade, please feel free to contact us in the official OKEx Telegram group or via the Support Center.
OKEx,
Dec. 21, 2021
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