OKX Weekly Business Updates
OKX, a leading global cryptocurrency platform, has announced key updates for its users, including new token listings, staking opportunities, and service enhancements.
ITC Token Migration Support
OKX will facilitate the migration of ITC tokens at a 1:10 ratio. Key details include:
- Aug 23, 07:00 am UTC: ITC/USDT trading pair closure and cancellation of pending orders.
- Aug 24, 04:00 pm UTC: Snapshot and token migration execution.
High-Yield Staking Opportunities
Launching on Aug 22, 2022, at 03:00 am UTC, OKX Earn offers staking with APYs up to 36.91%:
| Crypto | Term | Total Limit | APY |
|---|---|---|---|
| DOT | 120d | 490,000 DOT | 21.75% |
| EOS | 120d | 720,000 EOS | 9.93% |
| MINA | 120d | 2,000,000 MINA | 36.91% |
| MATIC | 120d | 1,500,000 MATIC | 25.65% |
| ATOM | 120d | 60,000 ATOM | 35.76% |
👉 Maximize your crypto earnings with OKX staking
Broker Rebate Rule Upgrades
Effective Aug 18, 2022, OKX enhanced broker rebates by:
- Separating Spot and Contract rebates.
- Increasing rebate frequency to hourly.
- Introducing systematic tier upgrades.
STC Token Listing on OKX
Satoshi Island’s STC token joins OKX spot trading:
- Deposits: Open Aug 22, 05:00 am UTC.
- Trading: STC/USDT and STC/USDC pairs live Aug 22, 08:00 am UTC.
- Withdrawals: Available Aug 23, 10:00 am UTC.
👉 Trade STC and other altcoins on OKX
Perpetual Swaps Delisting
OKX will remove low-liquidity perpetual swaps for CQT, BZZ, CONV, RSS3, and LAT to optimize market health. Specific dates are available via official channels.
FAQs
1. How do I participate in OKX staking?
Navigate to OKX Earn, select your preferred crypto, and lock funds for the stipulated term to earn rewards.
2. What happens to my ITC tokens during migration?
Hold tokens in your OKX account; they’ll automatically convert post-snapshot at the 1:10 ratio.
3. Why is OKX delisting some perpetual swaps?
To enhance platform liquidity and user trading experience by focusing on high-demand instruments.
4. Can I withdraw STC immediately after trading starts?
No. Withdrawals open 26 hours after trading begins (Aug 23, 10:00 am UTC).
5. Are staking rewards compounded?
Yes, rewards are distributed periodically and can be restaked manually.
6. How do broker rebate upgrades benefit users?
Higher rebate frequencies and transparent tiers incentivize broker efficiency, indirectly improving user pricing.
For real-time updates, visit the OKX Support Center.
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