Trading of some markets will be temporarily suspended on May 18 at 8:55 am UTC for around 15 mins in order to adjust the minimum trading unit size for SHIB.
OKX will be adjusting the SHIB minimum unit size for SHIB/USDT spot trading to 1 in order to ensure a smoother trading experience. This means that after the adjustment, traders will only be able to trade multiples of 1 SHIB, and no longer able to trade fractions of a SHIB.
|
Trading pair |
Smallest SHIB unit before adjustment |
Smallest SHIB unit after adjustment |
|
SHIB-USDT |
0.00000001 |
1（Integer） |
In order to implement this adjustment, OKX will temporarily suspend SHIB/USDT trading starting at 8:55 am UTC on May 18. Pending orders for SHIB/USDT will be reviewed and revised from 8:55-9:00 am UTC, with the following policies:
1) For all un-filled pending limit orders: if the decimal digits of the order quantity is greater than 0, then the order will be cancelled; If the order quantity is an integer multiple of 1, then the order will not be cancelled.
For example:
If a trader placed a limit order with a price set at 0.00002789 USDT and an amount set at 1,000,000.589 SHIB before the scheduled adjustment, this order will be cancelled after the adjustment, since the SHIB amount contains a fraction of SHIB less than 1.
If a trader placed a limit order with a price set at 0.00002789 USDT and an amount set at 1,000,000 SHIB before the scheduled adjustment, this order will not be cancelled.
2) All un-filled pending stop orders, trigger orders, trail orders, iceberg orders and Time-weighted average price(TWAP) orders will be cancelled.
3) The SHIB minimum unit adjustment will be executed from 9:00-9:10 am UTC on May 18.
Please note, spot trading on classic trading mode and ALL trading on Unified Account mode will be suspended during this period.
4) All trading will resume at 9:10 am UTC on May 18.
While trading is suspended, traders will not be able to place or cancel orders, add margin or transfer funds. In order to ensure sufficient risk management, please take necessary measures in advance, such as canceling orders, reducing positions or adding margin to avoid potential risk.
Traders are encouraged to adjust their trading strategies based on the changes highlighted above.
Thank you for your continued support and we assure you of our best services at all times.
OKX
May 14, 2021
Click Here to Download OKX App >>>
A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.
Sign up and log in with the App to claim your Mystery Box worth up to $10,000