OKX launches contract cooling-off period function

According to official news, OKX will launch the contract cooling-off period function simultaneously on the web and app on May 20. After the contract cooling-off period is enabled, users will be suspended from trading in perpetual/delivery contracts until the cooling-off period ends.

Ouyi OKX registration will receive a digital blind box of up to ￥3000, and a permanent 20% commission rebate for registration.

Ouyi OKX_OKEx registration website (click to enter)

The OKX team expressed the hope that the contract cooling-off period function can help users reduce the risk of liquidation. This function will be actively pushed to the user after the user is forced to reduce or liquidate the position, and the user can also actively enable it in the sidebar of the trading page. The duration of the cooling-off period can be flexibly configured, but users will not be able to close the cooling-off period before the expiration date.