OKX Will Launch Contract Cooling-off Period Function Tomorrow

OKX will launch the contract cooling-off period function on May 20 on both web and app. When the contract cooling-off period function is opened, users will be suspended from trading perpetual/delivery contracts until the end of the cooling-off period. Officials said they hope that the Contract Cooling-Off Period feature will help users reduce the risk of position expiration. This feature will be actively pushed to the user after the user's forced position reduction or forced position closing, and the user can also actively turn it on in the sidebar of the trading page. The duration of the cooling-off period can be flexibly configured, but users will not be able to close the cooling-off period before the expiration date.