OKX adjusts pre-market contracts for SPACEX through a proportionate change and rebrands it as SPCX

BlockBeats News, June 2nd, OKX announced that it has performed a proportionate adjustment to the SPACEXUSDT perpetual contract before the market opening, and concurrently renamed the contract to SPCXUSDT. This adjustment aligns the contract parameters from the estimated share capital to the actual share capital disclosed by SpaceX in the S-1 filing, with a ratio adjustment of 12.52 times.

This adjustment will proportionally adjust users' positions and open orders, with the position value and account equity remaining basically unchanged. During the adjustment period, order placement, order modification, and order cancellation services will be temporarily suspended for about 5 minutes. Some order types will be canceled and need to be reset. Additionally, after the contract renaming, the relevant API identifiers will also be updated accordingly.