In a move to enhance market liquidity and optimize user trading experience, OKX has announced precision adjustments for the CELT/BTC trading pair. The changes will take effect on March 31, 2023, between 16:00 and 16:05 (UTC+8). Below are the detailed modifications:
Key Adjustments
1. Trading Quantity Precision Update
The minimum tradable quantity for CELT/BTC will be revised as follows:
| Service | Trading Pair | Before Adjustment | After Adjustment | Adjustment Window |
|---|---|---|---|---|
| Spot Trading | CELT/BTC | 0.0001 | 0.01 | 16:00 - 16:02 (UTC+8) |
Note: Leverage trading (if available) will be synchronized with these changes.
2. Minimum Price Precision Update
The price precision for orders will be modified as shown:
| Service | Trading Pair | Before Adjustment | After Adjustment | Adjustment Window |
|---|---|---|---|---|
| Spot Trading | CELT/BTC | 0.00000001 | 0.0000000001 | 16:03 - 16:05 (UTC+8) |
Operational Impact During Adjustment
- Trading Pause: The CELT/BTC pair will be temporarily suspended for 2 minutes during each adjustment window.
- Restricted Actions: Users cannot place/cancel orders, transfer funds, or modify margins for the affected pair (other pairs remain operational).
- Risk Management: Traders are advised to adjust positions or cancel pending orders beforehand to mitigate disruptions.
Detailed Rules for Precision Changes
Trading Quantity Precision Adjustments
A. Order Handling
Precision Reduction (0.0001 → 0.01):
- Limit Orders: Active orders with quantity precision exceeding the new threshold (e.g., 8.0001) will be canceled; those within the new precision (e.g., 8.01) remain.
- Strategy Orders: Grid/Martingale strategies will terminate if their orders are canceled. Other strategies (e.g., TWAP, Stop-Loss) will automatically adapt post-adjustment.
Precision Increase (0.01 → 0.0001):
- No cancellations; all active orders persist.
API Note: System will auto-truncate outdated precision inputs (e.g., 0.0001 → 0.01), allowing successful order placement.
B. Historical Data Display
- Precision Reduction: Web/mobile interfaces show historical orders at adjusted precision; API retains original values.
- Precision Increase: Original precision maintained universally.
Minimum Price Precision Adjustments
A. Order Handling
Precision Reduction (0.0001 → 0.01):
- Orders priced beyond the new precision (e.g., 130.2442) are canceled; compliant orders (e.g., 130.24) stay active.
- Strategy impacts mirror quantity adjustment rules.
Precision Increase (0.01 → 0.0001):
- No cancellations.
API Note: Price inputs exceeding new precision are auto-truncated.
B. Historical Data Display
- Precision Reduction: Web/mobile displays adjusted prices (buy orders rounded down, sell orders up); API keeps original values.
- Precision Increase: Original precision preserved.
Proactive Measures for Traders
- Review open orders and adjust strategies to align with updated precision rules.
- Utilize OKX’s real-time updates and API documentation for seamless transitions.
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FAQs
Q1: Why is OKX adjusting precision settings?
A: To improve market liquidity and ensure smoother trade execution for users.
Q2: Will my existing orders be affected?
A: Only orders violating new precision thresholds will cancel. Compliant orders remain active.
Q3: How does this impact leverage trading?
A: If leveraged CELT/BTC pairs exist, their precision will sync with spot trading adjustments.
Q4: Can I trade during the adjustment windows?
A: No—trading pauses briefly (2 minutes per adjustment) for system updates.
Q5: Where can I find updated API parameters?
A: Refer to OKX’s official API documentation post-adjustment.
Q6: Are other trading pairs affected?
A: No, changes apply exclusively to CELT/BTC.
OKX remains committed to delivering robust trading solutions. We appreciate your understanding and encourage leveraging these enhancements for a superior trading experience. For further assistance, visit our Help Center.