OKX Announces Adjustment to Minimum Order Quantity for Select Contracts

·

Trading in the cryptocurrency derivatives market demands precision, flexibility, and accessibility. To enhance user experience and reduce trading barriers, OKX is introducing a strategic update to the minimum order quantity and order size precision for select perpetual and delivery contracts. This adjustment, effective April 18, 2024, from 2:00 PM to 4:00 PM (UTC+8), allows traders to execute smaller and more precise trades—especially beneficial for retail investors and algorithmic trading strategies.

This change reflects OKX’s ongoing commitment to improving platform usability, supporting granular trading decisions, and lowering entry thresholds across its derivatives offerings.

Key Contract Adjustments

The upcoming update primarily impacts Ethereum-based contracts. Here's a breakdown of the changes:

👉 Discover how smaller trade sizes can improve your trading strategy with flexible contract options.

These adjustments mean traders can now open or adjust positions in increments as small as 0.1 contract, offering significantly greater control over position sizing and risk exposure.

Understanding Order Quantity Precision and Minimum Order Size

To fully appreciate this update, it's essential to understand two core concepts: order quantity precision and minimum order quantity.

What Is Order Quantity Precision?

Order quantity precision refers to the smallest increment by which a futures contract order size can be adjusted. For example, if the ETH/USDT perpetual contract has a contract value of 0.1 ETH and an order precision of 0.1 contract, then each step equals 0.01 ETH. This enables traders to fine-tune their entries and exits with greater accuracy.

What Is Minimum Order Quantity?

The minimum order quantity is the smallest number of contracts a user can trade at once. It must always be a multiple of the order quantity precision. Before this update, users had to trade at least 1 contract (0.1 ETH) for ETH/USDT pairs. After the change, they can start with just 0.1 contract (0.01 ETH).

This means users can now place orders such as:

All while maintaining compliance with the new precision rules.

Updated Position and Order Display Rules

Following the adjustment, when order quantity precision drops below 1, all position and order displays—including open orders, partially filled orders, filled orders, and active positions—will support decimal values.

For instance:

This enhancement applies universally across all user types:

👉 Learn how decimal-based contract trading opens new opportunities for precise risk management.

Updated Order Processing Rules

With the new settings in place, order validation rules will also evolve:

Example:
For SHIB/USDT perpetual contracts:

This gives traders more freedom to scale into positions gradually or hedge exposure with finer granularity.

Implications for API and Algorithmic Traders

Developers and high-frequency traders relying on automated systems should note that the following API fields will be updated:

These changes will be reflected in both REST API responses and WebSocket streaming data channels. Users integrating with OKX’s trading infrastructure must ensure their systems are compatible with decimal-based contract quantities.

We recommend:

Failure to adapt may result in rejected orders or incorrect position calculations.

Frequently Asked Questions (FAQ)

Q: When will the changes take effect?

A: The adjustments will go live on April 18, 2024, between 2:00 PM and 4:00 PM (UTC+8). No downtime is expected, but users are advised to monitor their open orders during this window.

Q: Will my existing positions or open orders be affected?

A: No. All current positions and pending orders remain valid and unaffected. The changes only apply to new or modified orders placed after the update.

Q: Does this change impact leverage or margin requirements?

A: No. Leverage settings, margin modes, and liquidation mechanics remain unchanged. Only order size parameters are being adjusted.

Q: Can I still trade whole-number contract amounts?

A: Absolutely. The update adds flexibility—it doesn’t remove existing functionality. You can continue placing orders in whole numbers (e.g., 1, 2, 5 contracts) or use decimals (e.g., 0.3, 1.8).

Q: Are other trading pairs affected?

A: Currently, only ETH/USDT perpetual and delivery contracts are included in this phase. However, OKX may extend similar improvements to other pairs based on user feedback and trading volume trends.

Q: How do I check the updated contract specifications?

A: Visit the trading interface for ETH/USDT contracts or query the /api/v5/public/instruments endpoint via the OKX API to retrieve real-time lotSz and minSz values.

Final Thoughts

OKX continues to lead in delivering user-centric innovations in the digital asset derivatives space. By reducing the minimum trade size and enabling decimal-based ordering, the platform empowers traders of all levels—from beginners to institutional players—to engage with Ethereum derivatives more efficiently and safely.

Whether you're testing strategies with smaller capital or managing large portfolios requiring micro-adjustments, these updates offer tangible benefits in execution flexibility and cost control.

👉 Start trading with enhanced precision and take full advantage of improved contract specifications today.

As always, OKX encourages users to stay informed, manage risk responsibly, and leverage advanced tools to optimize their trading performance. Stay tuned for future enhancements aimed at making crypto derivatives more accessible than ever.

Core Keywords: