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OKX has announced a crucial update to the funding rate interval for its MAGICUSDT perpetual futures. This strategic change aims to optimize trading conditions and improve market liquidity on the platform.
Initially, the modification was introduced in October 2023, with the intention of enhancing user experiences and aligning it with OKX’s long-term goals. The alteration affects both existing and new traders involved in MAGICUSDT futures.
According to official sources, the interval aims to promote favorable market behavior. OIDC data shows a consistent pattern of increased trade volume growth in line with these enhancements.
Traders are now adjusting their positions in anticipation of potential shifts post-adjustment. Some experts predict this change could enhance the appeal of the MAGICUSDT pair and potentially boost financial and trading volumes, ultimately leading to enhanced liquidity.
Historically, similar adjustments have been followed by swift changes in trading activity and volume growth. OKX’s past adjustments led to improved market participation metrics and boosted liquidity.
Experts at Kanalcoin suggest that this adjustment could enhance trading performance for frequent traders. Based on previous data, we find that strategic adjustments in funding rates often stimulate increased market engagement, resulting in positive long-term outcomes.
To mitigate risks and improve the trading experience, OKX will be adjusting the funding rate interval for MAGICUSDT perpetual futures on April 21, 2025.
Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.
Author: Akinyemi
Source: https://www.kanalcoin.com/okx-magicusdt-funding-rate-change/
