OKX to adjust weightings of components for several indexes
To improve market liquidity and index stability, OKX will adjust the components and their weights of several indexes at 8:00 am - 10:00 am UTC on September 1, 2024. The adjusted index prices will be calculated by weighting the prices of the new components according to their updated weights.
Component adjustment details are as follows:
| Index | Before | After | ||||
|---|---|---|---|---|---|---|
| Exchange | Pair | Weight | Exchange | Pair | Weight | |
| XRP-USD | Kraken | XRP/USD | 23.07% | Kraken | XRP/USD | 17.64% |
| Binance | XRP/BTC | 30.76% | OKX | XRP/USDT | 23.53% | |
| OKX | XRP/BTC | 30.76% | Binance | XRP/USDT | 23.53% | |
| Bitstamp | XRP/USD | 15.38% | Crypto | XRP/USD | 17.64% | |
| Coinbase | XRP/USD | 17.64% | ||||
Index Price Computation
The index price is calculated by weighting the prices of components based on their respective weights. For more details, please refer to Spot index prices.
Component adjustments can cause an index’s mark price to fluctuate, affecting the corresponding instrument’s margin and contract trading markets.
Users are advised to take necessary measures before an adjustment, such as reducing positions, adding margin, lowering leverage or even closing positions to avoid potential risks introduced by market volatility.
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OKX team
September 1, 2024