What Assets You Receive After OKX Dual Investment Settlement
You subscribed to a "Sell High" Dual Investment with 1 BTC. When the product expires, whether you receive USDT or BTC depends on the relationship between the market price at expiry and the preset target price — it is not something you choose yourself.
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The settlement currency of Dual Investment is uncertain at the time of subscription and is only determined at expiry. The settlement rules are decided by comparing the "linked price" with the "expiry price". The yield is fixed at subscription, but which currency you are paid in is decided by the market.
Prerequisite: Confirm your "Strategy" and "Currency" when subscribing
Clarify the following two points first, otherwise you cannot apply the rules below:
Which currency you subscribed with — BTC, ETH, USDT, or another asset?
Whether you chose "Sell High" or "Buy Low" — This option is clearly displayed at the time of subscription.
These two points determine which set of settlement rules applies to you. If you have forgotten, go to [Earn] → [Dual Investment] → [History] to check your subscription order, where it will be stated.
Step 1: Confirm whether your strategy is "Sell High" or "Buy Low"
What to do: Open your Dual Investment subscription history and check the strategy type.
How to do it:
App: [Earn] → [Dual Investment] → [History] → Tap the corresponding order
The page will display a "Sell High" or "Buy Low" label
When you are done: After confirming the strategy type, proceed to the matching scenario below.
Step 2: Compare settlement rules according to your strategy
Situation A: You subscribed to a "Sell High" strategy (using assets like BTC/ETH as the investment currency)
Core logic: You want to sell the asset for stablecoins (USDT/USDC/USDG) above the target price and earn a yield in stablecoins.
| Expiry Price vs Target Price | Currency Received | Amount Received |
|---|---|---|
| Expiry Price < Target Price (did not reach target) | Invested currency (BTC/ETH, etc.) | Invested amount × (1 + Yield) |
| Expiry Price ≥ Target Price (reached or exceeded target) | Stablecoin (USDT/USDC/USDG) | Invested amount × Target Price × (1 + Yield) |
Example: You subscribe to a "Sell High BTC" product with 10 BTC, a target price of $58,000, and a yield of 0.2%.
If Expiry Price < $58,000: you receive 10 × (1 + 0.2%) = 10.02 BTC
If Expiry Price ≥ $58,000: you receive 10 × 58,000 × (1 + 0.2%) = 581,160 USDT
Situation B: You subscribed to a "Buy Low" strategy (using stablecoins like USDT/USDC/USDG as the investment currency)
Core logic: You want to buy assets like BTC/ETH below the target price and earn a yield denominated in that asset.
| Expiry Price vs Target Price | Currency Received | Amount Received |
|---|---|---|
| Expiry Price > Target Price (did not drop to target) | Invested stablecoin (USDT/USDC/USDG) | Invested amount × (1 + Yield) |
| Expiry Price ≤ Target Price (dropped to or below target) | Target currency (BTC/ETH, etc.) | Invested amount / Target Price × (1 + Yield) |
Example: You subscribe to a "Buy Low BTC" product with 10,000 USDT, a target price of $50,000, and a yield of 1.24%.
If Expiry Price > $50,000: you receive 10,000 × (1 + 1.24%) = 10,124 USDT
If Expiry Price ≤ $50,000: you receive 10,000 / 50,000 × (1 + 1.24%) = 0.20248 BTC
When you are done: Based on your strategy and the comparison between the expiry price and the target price, determine which currency you should receive.
Step 3: Understand how the "Expiry Price" is determined
The "expiry price" of Dual Investment is not the price you see when you open the app; it follows a fixed calculation method.
Definition of Expiry Price: The average price of the OKX index for that asset between 15:00 and 16:00 (UTC+8) on the product expiry date.
Key impact: If the market experiences significant volatility between 15:00 and 16:00 on the expiry day, the expiry price may differ from the price you "think" it is. The settlement result will be based on this one-hour average price.
When you are done: When reviewing the settlement result, go to your order history and check the "expiry price" used by the system to verify that your calculation matches the system's.
Step 4: Confirm the crediting time and where to find it
When is it credited: Returns are usually automatically settled into your Funding Account by 18:00 (UTC+8) on the expiry date. Actual crediting time may be delayed due to settlement and other factors, but will not exceed 24 hours.
How to do it: After 18:00 on the expiry date, go to [Assets] → [Funding Account] and check the balance change of the corresponding currency.
When you are done: The settlement currency appears in your Funding Account, and the amount matches the formula calculation from Step 2.
Common Pitfalls
Not paying attention to the difference between "Sell High" and "Buy Low" when subscribing — assuming that choosing Buy Low would get you USDT, but the expiry price dropped to the target price, so you received BTC instead, and then complaining that the system "gave the wrong currency". In fact, the rules were clearly stated from the beginning; you just did not understand them at the time of subscription.
Ignoring that "the expiry price is the average price between 15:00 and 16:00" — during the day, the price reached the target at a specific moment, but the average price did not, so the settlement result differed from your expectation.
Risk Disclaimer
Dual Investment is a non-principal-protected floating-return product that does not guarantee principal or returns. The actual value of the assets you receive may be lower than the principal value at the time of subscription — for example, if you used USDT to Buy Low BTC and received BTC at expiry, but the BTC price continues to fall after you receive it, the total value of your assets shrinks.
Dual Investment is essentially a selling option strategy. You earn a "premium" (interest) at the cost of "trading at the target price when the market reaches a certain level". If the market moves significantly away from your expectation, you may end up buying or selling assets at an unfavorable price.
How to Verify Your Operation is Correct
After settlement, do two things:
Go to [Assets] → [Funding Account] and check the currency and amount received, then compare them with the formula calculation from Step 2 — they should match.
Go to [Earn] → [Dual Investment] → [History], check the "expiry price" and "settlement result" of that order. The system will clearly display the final currency and amount received.
If both match, the settlement is correct.
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FAQ
Q: I invested BTC and received USDT at settlement. Can I convert it back to BTC?Yes. After settlement, the USDT is already in your Funding Account, and you can buy BTC with USDT on the spot market at any time. However, note that the price at which you buy back BTC is the current market price, which may differ from the Dual Investment target price, potentially incurring additional costs or spreads.
Q: The yield is fixed, so why is the settlement currency uncertain?The interest rate of the yield is fixed at the time of subscription, but the settlement currency is determined by the expiry price. You can think of it this way: regardless of which currency is used for settlement, you will receive the amount equal to "Principal × (1 + Yield)"; it is just that this amount is denominated in different currencies.
Q: What if the expiry price exactly equals the target price?Under the "Sell High" strategy, if the expiry price ≥ target price, the asset is sold at the target price, and you receive stablecoins. Under the "Buy Low" strategy, if the expiry price ≤ target price, the asset is bought at the target price, and you receive the target currency. When prices are equal, it triggers the "execution" condition, not a re-selection.
