OKX will adjust the composition of its STX/USD and STX/USDT indices from 7:00 to 9:00 UTC on March 22, 2023, enhancing market liquidity and index stability. Key changes include:
Index Composition Updates
| Index | Exchange (Before) | Pair (Before) | Weight (Before) | Exchange (After) | Pair (After) | Weight (After) |
|---|---|---|---|---|---|---|
| STX/USD | Binance | STX/USDT | 20% | Binance | STX/USDT | 20% |
| OKX | STX/USDT | 20% | OKX | STX/USDT | 20% | |
| Kucoin | STX/USDT | 20% | Kucoin | STX/USDT | 20% | |
| Gate | STX/USDT | 20% | Gate | STX/USDT | 20% | |
| Coinbase | STX/USD | 20% | Kraken | STX/USD | 20% | |
| STX/USDT | Binance | STX/USDT | 20% | Binance | STX/USDT | 20% |
| OKX | STX/USDT | 20% | OKX | STX/USDT | 20% | |
| Kucoin | STX/USDT | 20% | Kucoin | STX/USDT | 20% | |
| Gate | STX/USDT | 20% | Gate | STX/USDT | 20% | |
| Coinbase | STX/USD | 20% | Kraken | STX/USD | 20% |
Note: New components will take effect within 60 minutes post-adjustment.
Key Calculation Rules
- Real-Time Data: Component prices/volumes are sourced from exchanges in real time.
Invalid Data Handling:
- Temporarily excluded during exchange maintenance.
- Excluded if price/volume remains stale (varies by currency).
- Currency Conversion: Non-matching pairs are converted using BTC/USDT, BTC/USD, or stablecoin rates (e.g., ETH/USDT → ETH/USD via USDT/USD index).
Final Index Price:
- 3+ Valid Exchanges: Equal-weighted average, with outliers capped at ±3% of median.
- 2 Exchanges: Equal-weighted average.
- 1 Exchange: Last traded price used.
Risk Management Advisory
Index adjustments may cause price volatility, affecting margin requirements and contract trading. Users are advised to:
👉 Mitigate risks by reducing positions or adding margin
- Lower leverage
- Close positions pre-adjustment
FAQ
Q: How long will the adjustment take?
A: Approximately 2 hours (7:00–9:00 UTC).
Q: Which exchanges are added/removed?
A: Kraken replaces Coinbase for STX/USD. Other pairs remain unchanged.
Q: What if an exchange fails during calculation?
A: Its data is excluded until resolved, with index recalculated per remaining exchanges.
Q: How are extreme prices handled?
A: Prices ±3% from median are adjusted to the median’s 97–103% range.
Q: Can I trade during the adjustment?
A: Yes, but monitor margin levels closely due to potential volatility.
👉 View real-time index updates here
Last Updated: March 22, 2023 (UTC)