Important Updates on Funding Rates of LOOM USDT-Margined Perpetual Contract

Dear users,

To ensure the best user experience for all users, OrangeX will increase the funding rate settlement frequency of selected USDT-Margined Perpetual Contracts from every eight hours to every four hours at 2023-10-15 at 01:15 (UTC).

Funding rate settlement frequency of the following USDT-Margined Perpetual Contracts will be adjusted to every four hours.

• LOOMUSDT Perpetual Contract

For those seeking more information, we have prepared resources to help you navigate our trading offerings:

• What Are USDT-Margined Futures?

• Futures Fee Structure & Fee Calculations

• Differences Between Perpetual Contracts & Quarterly Contracts?

• Leverage and Margin of USDT-Margined Perpetual Contracts

Risk Warning: We kindly remind you to exercise caution and acknowledge the substantial risks associated with cryptocurrency trading. Make investment decisions based on your individual circumstances. Please note that the information provided by OrangeX is not intended as financial or investment advice. OrangeX assumes no liability for any trading losses incurred. Your understanding is greatly appreciated.

Thanks for your support!

OrangeX Team

2023-10-15