OKX Learning HandbookSecurity · Funds · Trading

USD-margined futures FAQ

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We're introducing all-new USD-margined futures, while allowing users to select t

We're introducing all-new USD-margined futures, while allowing users to select their preferred settlement currency. All trading liquidity is consolidated into USD unified order book for a seamless trading experience. USD-margined futures are expressed as XXX/USD UM.

What settlement currencies are supported?

Checklist

  1. How do I change the settlement currency?
  2. On the API: Please refer to the API changelog
  3. On the app: Select More on Trading page > Select Settings > Select USD-M settlement currency
  4. Select More and Settings under Features selection
  5. On the web: Select Settings on Trading page > Select USD-M settlement currency

Notes

Supported settlement currencies: USDC, and USDG.

You can select different settlement currencies by going to your sub-account > trade settings > USD-M settlement currency. You cannot change the settlement currency if you have open orders or positions in USD-margined futures. If you haven’t made a selection, USDC will be used as the settlement currency by default. Once your changes are saved, your trading fees, unrealized PnL, funding fee, initial margin, and maintenance margin will all be calculated, paid, or received in the selected settlement currency.

USD-M settlement currency is under Trading mode option on the app's settings menu

USD-M settlement currency is under Settings option on the web's menu

Details follow the official OKX help article; this page is a learning checklist, not an official mirror.

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OKX step guides and risk notes. Official docs prevail when details differ.

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