The cryptocurrency derivatives market continues to evolve, and OKX remains at the forefront by enhancing its offerings for traders. In a recent update, OKX announced the launch of LINK delivery contracts alongside significant adjustments to the fee structure and margin tier rules for both delivery and perpetual LINK contracts. These changes are designed to improve trading efficiency, boost liquidity, and provide users with greater flexibility when managing their positions.
This article breaks down the key updates, explains what they mean for traders, and explores how these enhancements align with broader trends in digital asset trading.
Launch of LINK Delivery Contracts
Starting August 20, 2020, at 14:00 HKT, OKX officially introduced LINK delivery contracts across its web, mobile app, and API platforms. Two variants are now available: LINKUSD and LINKUSDT delivery contracts.
👉 Discover how delivery contracts can diversify your trading strategy today.
LINKUSD Delivery Contract Overview
- Underlying Asset: LINK/USD Index
- Settlement Currency: LINK
- Contract Size: 10 USD
- Price Quotation: Price per 1 LINK in USD
- Tick Size: 0.001
- Leverage Range: 0.01x to 33.33x
- Contract Types: Weekly, Bi-weekly, Quarterly, Next-quarter
- Trading Hours: 24/7
- Delivery Time: Fridays at 16:00 HKT during the contract week
- Settlement Time: Daily at 16:00 HKT
LINKUSDT Delivery Contract Overview
- Underlying Asset: LINK/USDT Index
- Settlement Currency: USDT
- Contract Size: 1 LINK
- Price Quotation: Price per 1 LINK in USDT
- Tick Size: 0.001
- Leverage Range: 0.01x to 33.33x
- Contract Types: Weekly, Bi-weekly, Quarterly, Next-quarter
- Trading Hours: 24/7
- Delivery Time: Fridays at 16:00 HKT during the contract week
- Settlement Time: Daily at 16:00 HKT
These contracts follow standard limit order rules consistent with other digital assets on the platform. For more details on contract specifications and risk parameters, traders can refer to the official documentation on OKX’s support page.
Updated Fee Structure for LINK Contracts
To encourage deeper market participation and enhance liquidity, OKX aligned the fee schedule for LINK perpetual and delivery contracts with those of major cryptocurrencies such as BTC, ETH, LTC, and XRP. The updated fee structure took effect on August 20, 2020, at 14:00 HKT.
Fee Tiers for Standard Users
| User Level | OKB Holding | 30-Day Trading Volume (BTC) | Maker Fee (Perp) | Taker Fee (Perp) | Maker Fee (Delivery) | Taker Fee (Delivery) |
|---|---|---|---|---|---|---|
| Lv1 | < 500 | < 5000 | 0.020% | 0.050% | 0.020% | 0.050% |
| Lv2 | ≥ 500 | < 5000 | 0.018% | 0.045% | 0.018% | 0.045% |
| Lv3 | ≥ 1000 | < 5000 | 0.017% | 0.040% | 0.017% | 0.040% |
| Lv4 | ≥ 1500 | < 5000 | 0.016% | 0.035% | 0.016% | 0.035% |
| Lv5 | ≥ 2000 | < 5000 | 0.015% | 0.030% | 0.015% | 0.030% |
Fee Tiers for VIP Users
| VIP Level | 30-Day Trading Volume (BTC) | Maker Fee (Perp) | Taker Fee (Perp) | Maker Fee (Delivery) | Taker Fee (Delivery) |
|---|---|---|---|---|---|
| VIP1 | ≥ 5,000 | 0.010% | 0.030% | 0.015% | 0.030% |
| VIP2 | ≥ 10,000 | 0.005% | 0.030% | 0.010% | 0.030% |
| VIP3 | ≥ 20,000 | 0.000% | 0.030% | 0.005% | 0.030% |
| VIP4 | ≥ 60,000 | -0.005% | 0.025% | 0.000% | 0.025% |
| VIP5 | ≥ 100,00 | ||||
| VIP6 | ≥ 15 | ||||
| VIP7 |
Note: Negative maker fees indicate rebates paid to users who add liquidity to the order book—a strong incentive for market makers.
This revised pricing model benefits high-volume traders while also making LINK more accessible to retail participants due to reduced taker fees and improved incentives for providing liquidity.
Enhanced Margin Tier Rules for LINK Contracts
Effective **August 18, 2
👉 Learn how higher position limits can improve your hedging strategies on OKX.
The new margin tier system applies uniformly to both LINK coin-margined and USDT-margined delivery and perpetual contracts.
Updated Margin Parameters
- First Tier Position Limit: 1
- Increment per Tier: +1
- Base Maintenance Margin Rate:
- Base Initial Margin Rate:
Tier Calculation Formulas
- Position Limit per Tier = First Tier Limit + (Number of Increments × Increment Value)
Example (Tier 3): `1 - Maintenance Margin Rate per Tier = Base Rate + (Number of Increments ×
Example: ` - Initial Margin Rate per Tier = Base Rate + (Number of Increments ×
Example: ` - Maximum Leverage per Tier =
1 / Initial Margin Rate
Example: `1 /
This scalable tier system allows traders to hold larger positions as they move up tiers while maintaining proportionate risk controls through gradually increasing margin requirements.
Frequently Asked Questions (FAQ)
Q: What is a delivery contract?
A delivery contract is a futures agreement that settles in physical cryptocurrency upon expiration, unlike perpetual contracts which do not expire and are settled in cash.
Q: How does the new fee structure benefit traders?
The updated fees reduce trading costs—especially for high-volume users—and introduce maker rebates up to -What's the difference between LINKUSD and LINKUSDT contracts?
LINKUSD is settled in LINK and priced against the USD index; LINKUSDT is settled in USDT and priced against the USDT index—ideal for traders preferring stablecoin settlements.
Q: When do the delivery contracts settle?
Both contract types settle daily at **How can I qualify for lower fees?
Hold OKB tokens and increase your monthly trading volume across all eligible markets to reach higher user tiers or VIP levels.
Q: Why were the margin tiers adjusted?
The adjustment increases position limits and supports better risk management through dynamic margin scaling based on exposure size.
Final Thoughts
OKX’s introduction of LINK delivery contracts and optimization of fee and margin structures reflects a commitment to delivering advanced financial tools tailored to evolving market demands. By offering diversified contract types, competitive pricing, and flexible margin systems, OKX empowers traders to execute sophisticated strategies with greater efficiency.
Whether you're a short-term speculator or a long-term hedger, these updates open new avenues for engaging with Chainlink’s ecosystem within a secure and scalable trading environment.
👉 Start trading LINK delivery contracts with enhanced flexibility and lower fees now.