Crypto Bottom-Fishing Tool
Crypto Bottom-Fishing Tool: A Structured Product by OKX for Strategic Buying
The "Crypto Bottom-Fishing Tool" is a strategic trading instrument launched by OKX, a structured product derived from options trading functions. It aims to help users buy assets at lower market prices and achieve bottom-fishing goals. Details are as follows:
Applicable Scenarios
Suitable for users who want to buy a certain quantity of assets at a price lower than the market rate but worry that limit orders at such prices may not execute. By using the Bottom-Fishing Tool strategy, the system guarantees that users can buy a specific proportion of assets at the lower limit price set by the user after the strategy expires.
Core Concepts
Buying Price: The psychological bottom-fishing price set by the user.
Guaranteed Purchase Ratio: When the market price is higher than the buying price, the system guarantees the ratio at which the user can automatically execute the order at the buying price. If the buying price is higher than the market price, the order will be 100% executed upon expiration.
Term: The interval from placing the order using this strategy to completing the transaction. The expiration price is the average of the spot index prices between 3 PM and 4 PM on the expiration day.
Operation Method
Users can access the Bottom-Fishing Tool via the OKX App:
Go to
[Trading]→[Strategies], then select[Bottom-Fishing Tool]under[Combined Arbitrage].Choose either the selected strategy cards recommended in real time by the system based on market conditions and algorithms, or customize the price, input the purchase quantity, and click "Bottom-Fishing Buy."
After successful order placement, view it under
[Strategy Position List]→[Bottom-Fishing Tool]. After the strategy expires and settlement is completed, check it in[Historical Strategies].
Core Advantages
Zero transaction fees, bottom-fishing at a discount, guaranteed purchase, and intuitive operation.
Currently supports trading only for BTC and ETH.
Risk Warnings
Market Volatility Risk: The market is unpredictable and volatile. If prices continue to fall, the value of assets purchased via the Bottom-Fishing Tool may continue to decline.
Platform Security Risk: Any trading platform may face security risks such as hacking or technical failures, which may affect the normal use of the Bottom-Fishing Tool and the security of users' funds.
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