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.

To inscribe BRC-20 tokens, your wallet must hold a sufficient amount of BTC to cover network fees. You can acquire BTC by trading within the wallet or by transferring BTC into your wallet from an external address. Open OKX app, go to Wallet, and log in to your account. Learn more about how to import or create an OKX wallet account. On the main page, select Explore > NFT. On the Marketplace page, tap Inscriptions, then select Inscription Center.

Note: there'll be a Margin balance reminder to remind you that we'll use your fund in the trading account to cover the margin balance if there's a margin shortfall on your order. Select Next after you read the reminder message.

This update covers both the web and app interfaces as well as the API. The details are as follows: Margin trading and Simple Earn Spot margin trading will be activated for the following pair: LAYER/USDT. For the details of the tiered margin level, please refer to the position tier margin schedule after official listing. For the limits of Simple Earn, please refer to the Simple Earn guide after official listing. OKX team April 28, 2025

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.

The team will apply to distribute a small amount of OKT tokens to cover your gas fees.What if the OKX exchange doesn’t show the OKTC chain? Some regions may not support the OKTC network directly. In this case, you can use any EVM-compatible address (such as an ERC20 deposit address). After the deposit is completed, the exchange will handle the token conversion for you.OKX exchange no longer supports OKT tokens. What should I do with my coins?

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.

This update covers both the web and app interfaces as well as the API. The details are as follows: 1. Listing schedule WLFI/USDT margin trading will open at 4:00 am UTC on September 2, 2025. 2. Margin trading For the details of the tiered margin level, please refer to the position tier margin schedule after official listing. 3. Simple Earn Flexible and Flexible Loan For the details of Simple Earn, please refer to the Simple Earn after official listing.