What is the transaction threshold of Dubai OKX

OKX Dubai adheres to transaction thresholds set by VARA, aimed at mitigating excessive leverage, protecting traders, and maintaining market stability in the virtual asset sector.

Oct 20, 2024 at 04:23 am

What is the Transaction Threshold of Dubai OKX?

OKX is a leading cryptocurrency exchange that offers a wide range of digital assets and trading pairs. As part of its global expansion, OKX established a presence in Dubai, the United Arab Emirates (UAE), in 2022.

Regarding transaction thresholds, OKX Dubai adheres to the regulatory guidelines set forth by the Dubai Virtual Asset Regulatory Authority (VARA). These thresholds are designed to prevent excessive leverage, protect traders, and maintain market stability.

Transaction Thresholds

OKX Dubai imposes the following transaction thresholds for different types of assets:

1. Spot Trading

• Minimum trade size: 1 USDT or equivalent in the base currency

2. Margin Trading

• Minimum initial margin requirement: 10% of the order value

3. Futures Trading

• Minimum contract size: 1 USDT per contract

4. Options Trading

• Minimum premium: 1 USDT per contract

5. Perpetual Futures Trading

• Minimum leverage: 1x
• Maximum leverage: 125x (for Bitcoin futures only)

6. Over-the-Counter (OTC) Trading

• Transaction size: Determined on a case-by-case basis with institutional clients

Compliance with Regulatory Guidelines

These transaction thresholds align with VARA's mandate to regulate the virtual asset sector in Dubai. By adhering to these guidelines, OKX Dubai aims to create a safe and transparent trading environment for all participants.

Additional Considerations

In addition to the transaction thresholds, OKX Dubai also implements other measures to safeguard its platform, including:

• Know-Your-Customer (KYC) verification for all users
• Anti-Money Laundering (AML) compliance
• Risk management protocols

These measures further contribute to the safety and integrity of the trading environment on OKX Dubai.

Conclusion

OKX Dubai's transaction thresholds are designed to comply with regulatory requirements and protect traders from excessive risk. These thresholds establish appropriate limits for different types of trading activities, ensuring a balanced and stable trading environment in line with the industry's best practices.