To enhance market liquidity and improve trading experience, OKX will adjust the minimum price precision for select spot/margin and perpetual contract trading pairs on December 14, 2023, from 6:00 AM to 8:00 AM UTC. This update aims to support tighter spreads, greater pricing granularity, and smoother execution across supported assets.
The adjustment applies to specific trading pairs in both spot and derivatives markets. If a cryptocurrency supports both spot and margin trading, the change will be synchronized across both products.
Adjusted Trading Pairs and New Precision Levels
Below is a detailed overview of the affected trading pairs and their updated price precision settings:
Perpetual Contracts
- OP/USDT: Precision changes from
0.001to0.0001
Spot Trading
- OP/USDT: Precision changes from
0.001to0.0001 - OP/USDC: Precision changes from
0.001to0.0001 - WGRT/USDT: Precision changes from
0.00001to0.000001
These updates allow traders to place orders with finer price increments, enabling more precise entry and exit points—especially beneficial in low-volatility environments or for algorithmic strategies requiring high accuracy.
👉 Discover how tighter price precision can boost your trading performance with advanced tools on OKX.
Risk Notice During Adjustment Window
During the transition period, certain temporary restrictions will apply to ensure system stability:
Pairs undergoing downward precision adjustments (i.e., smaller tick size) will experience a 2-minute trading suspension.
- During this time, users cannot place new orders, cancel existing ones, add margin, or transfer funds related to these pairs.
- All other trading pairs remain unaffected and fully operational.
- Pairs undergoing upward precision adjustments (larger tick size) will not experience any trading interruptions.
This brief pause ensures data consistency and prevents execution anomalies during the backend synchronization process.
Order Handling Rules During Precision Changes
Understanding how open orders are managed during this transition is crucial for active traders. The following rules govern order processing:
1. When Price Precision Decreases (e.g., from 0.0001 to 0.01)
This means the platform allows larger minimum price steps after adjustment.
a. Limit Orders
- Orders with a price precision greater than the new standard will be automatically canceled.
- Orders with precision less than or equal to the new standard will remain active.
Example:
A limit order priced at 130.2442 would be canceled if the new precision only allows two decimal places (0.01). However, an order at 130.24 would remain valid.
b. Strategy Orders
All types of strategy-based orders follow the same cancellation logic:
- If the strategy’s pending order exceeds the new precision limit, it will be canceled.
- Cancellation impact varies by strategy type:
| Strategy Type | Impact of Order Cancellation |
|---|---|
| Grid & Martingale (Spot Grid, Contract Grid, Infinite Grid, Sky-Earth Grid, Spot/Contract Martingale) | Entire strategy is terminated |
| Other Strategies (TWAP, Iceberg, Arbitrage, DCA, Stop-Loss/Take-Profit, Trailing Stop, Signal-Based, Staking Bots) | Strategy continues; resumes with updated precision after trading resumes |
✅ Tip: Users running grid or Martingale bots should monitor affected pairs closely and consider pausing or adjusting configurations ahead of the update.
2. When Price Precision Increases (e.g., from 0.01 to 0.0001)
This means the platform supports smaller, more granular price steps post-adjustment.
- All existing orders remain unaffected.
- Users can continue trading without disruption.
- New orders can utilize the finer precision immediately upon resumption.
This type of change generally improves market efficiency and benefits high-frequency and scalping strategies.
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Handling of Positions and Historical Orders
How your past trades and current holdings are displayed depends on your access method and the nature of the precision change.
Web & Mobile App Users
For decreased precision (fewer decimals allowed):
- Historical orders and open positions are shown using the new, reduced precision.
Display logic follows:
- Buy orders: Truncated (rounded down)
- Sell orders: Rounded up
For increased precision (more decimals allowed):
- Data continues to display at the original higher precision level, preserving accuracy.
API Traders
- Historical data and position pricing retain original precision, regardless of UI changes.
- This ensures consistency for algorithmic systems that rely on exact historical values.
🔍 Note: While display formats may differ between platforms, actual trade executions and balances are unaffected and accurately recorded in the backend.
Guidance for API Users
API traders should note the following behavior during precision adjustments:
- If you submit an order using pre-adjustment price precision (e.g., four decimals when only two are allowed), the system will automatically truncate the price to match current standards.
- This enables continued operation without rejection due to formatting errors.
- In contrast, web and mobile users attempting to use outdated precision will receive an error and be unable to submit such orders.
Developers are encouraged to update their order formatting modules to align with new standards and avoid potential mismatches in strategy logic.
Core Keywords for SEO Optimization
The following keywords have been naturally integrated throughout this article to align with user search intent and improve discoverability:
- price precision adjustment
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- perpetual contracts
- margin trading
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- trading bot strategies
- market liquidity improvement
- OKX trading update
These terms reflect common queries among crypto traders seeking clarity on platform updates, technical specifications, and strategy implications.
Frequently Asked Questions (FAQ)
Q: Why is OKX adjusting price precision?
A: The adjustment enhances market liquidity by allowing tighter bid-ask spreads and supports more accurate price discovery. It also improves user experience by enabling finer control over order placement.
Q: Will my open positions be liquidated during the adjustment?
A: No. Open positions are not affected by price precision changes. Only temporary trading suspension occurs during the transition for certain pairs.
Q: Do I need to manually close or adjust my orders before the change?
A: Not necessarily. The system automatically handles incompatible orders by canceling them based on new precision rules. However, proactive review is recommended—especially for users running grid or Martingale bots.
Q: How does this affect stop-loss or take-profit orders?
A: Stop-loss and take-profit orders follow standard handling rules. If their price format exceeds new precision limits, they’ll be canceled—but the underlying strategy continues running.
Q: Can I still use APIs with old price formats?
A: Yes. API-submitted orders with legacy precision are automatically truncated to fit new standards and will execute successfully.
Q: Where can I check the latest precision for a trading pair?
A: Visit the trading pair’s info section on OKX’s website or app, or consult the official API documentation for real-time specifications.
This update reflects OKX’s ongoing commitment to delivering a professional-grade trading environment that meets evolving market demands. By refining price granularity and ensuring transparent rule enforcement, OKX empowers traders of all levels—from beginners to institutional players—to operate with greater confidence and efficiency.
We apologize for any inconvenience caused during the transition and thank you for trusting OKX as your preferred digital asset trading platform.