Dear OKX Users,
To enhance market liquidity and index stability across leveraged tokens, futures, and perpetual swap products while mitigating systemic risks, OKX will implement adjustments to the ETH/USD, USDC/USD, and USDC/USDT index compositions. The update will take effect during March 11, 2023, 21:30–22:00 (UTC+8). Key changes include:
Index Composition Adjustments
| Index | Previous Components | Updated Components |
|---------------|-----------------------------------------------|---------------------------------------------|
| ETH/USD | Binance (ETH/USDT, 16.7%), Bitfinex (ETH/BTC, 16.7%), Bitstamp (ETH/USD, 16.7%), Coinbase (ETH/USD, 16.7%), OKX (ETH/BTC, 16.7%), Gemini (ETH/USD, 16.7%) | Binance (ETH/USDT, 20%), Bitfinex (ETH/BTC, 20%), Bitstamp (ETH/USD, 20%), Coinbase (ETH/USD, 20%), OKX (ETH/BTC, 20%) |
| USDC/USD | Bitstamp (USDC/USD, 16.7%), Coinbase (USDT/USDC, 16.7%), Huobi (USDC/USDT, 16.7%), Kraken (USDC/USD, 16.7%), OKX (USDC/USDT, 16.7%), Gemini (USDC/USD, 16.7%) | Bitstamp (USDC/USD, 20%), Coinbase (USDT/USDC, 20%), Huobi (USDC/USDT, 20%), Kraken (USDC/USD, 20%), OKX (USDC/USDT, 20%) |
| USDC/USDT | Coinbase (USDT/USDC, 16.7%), Huobi (USDC/USDT, 16.7%), Kraken (USDC/USDT, 16.7%), KuCoin (USDC/USDT, 16.7%), OKX (USDC/USDT, 16.7%), Gemini (USDC/USD, 16.7%) | Coinbase (USDT/USDC, 20%), Huobi (USDC/USDT, 20%), Kraken (USDC/USDT, 20%), KuCoin (USDC/USDT, 20%), OKX (USDC/USDT, 20%) |
Note: Component removals will生效 within 60 minutes.
👉 View the full index price list here
Index Price Calculation Methodology
- Data Collection: Real-time prices and trading volumes are aggregated from all component exchanges.
- Validation: Exchanges under maintenance or with stale data are excluded.
- Currency Conversion: If the quote currency differs from the index’s (e.g., ETH/USDT → ETH/USD), cross-rates like USDT/USD are applied for standardization.
Weighting:
- ≥3 valid exchanges: Equal-weighted average, excluding outliers (>3% deviation from median).
- 2 exchanges: Equal-weighted average.
- 1 exchange: Directly uses the remaining valid price.
Risk Advisory
Recent market volatility may cause index-driven price fluctuations in mark prices for leveraged and derivatives markets. Users are advised to:
- Reduce leverage via partial closings, position trimming, or margin top-ups.
- Monitor maintenance margin requirements to avoid liquidations.
OKX remains committed to delivering exceptional products and services.
OKX Team
March 11, 2023
FAQs
1. Why is OKX adjusting these indices?
To improve liquidity and minimize price discrepancies across trading products, ensuring fairer mark prices.
2. How will this affect my existing positions?
Adjustments may temporarily impact mark prices. Review your margin ratios and adjust leverage proactively.
3. Are the removed exchanges (e.g., Gemini) still supported elsewhere?
Yes, but their权重 has been redistributed for these specific indices.