OKEx to Launch Perpetual Swap

Perpetual swaps are futures contracts with no specific expiration dates and with the possibility of withdrawal at any time
04 December 2018   994

OKEx bitcoin exchange will offer users new cryptocurrency derivatives - perpetual swaps. Product launch is scheduled for December 11th.

Perpetual swaps are futures contracts with no specific expiration dates and with the possibility of withdrawal at any time. In addition, 100-fold leverage will be available to traders.

Financing fees will be charged daily at 9:00 UTC, and the funding rate will be updated at 9:59 UTC.

This marks a key milestone for OKEx. The launch of perpetual swap demonstrates our continuous commitment to building a complete financial ecosystem for blockchain and crypto. With the new offering, investors and traders can select the products which best fit their trading and hedging strategies. However, we would like to remind our users that due to its high-leverage nature, implementing risk control strategies are equally crucial in trading.
 

Lennix Lai

Financial Market Director, OKEx

The new mechanism of forced liquidation of open positions also implies partial liquidation in order to minimize the impact of the procedure on the market.

OKEx to Lauch Earn

It is a single interface servive that combines the possibilities of passive earnings on the exchange staking and landing
24 March 2020   164

OKEx Exchange on Tuesday announced the launch of the Earn service. It is a single interface that combines all the possibilities of passive earnings on the exchange. Earn covers two main areas of passive earnings: staking and landing.

In the first case, the user provides assets to the OKEx staking pool and receives a percentage of the exchange performing the validator function in the supported networks. For staking at the time of publication, OKEx offers 8 assets, including Tezos, Cosmos and DAI.

In the second case, the user provides assets to finance the margin positions of other customers and earns on the commissions they pay. To date, OKEx offers 32 assets for landing, including Bitcoin, Litecoin, Ethereum and USDT.

In addition, deposits for a stake with a fixed term of one to three months were added to the platform, which OKEx will “credit to an account with a financial institution to receive passive income”.

Another function of Earn is a one-time transfer of assets from multiple user accounts to one account for staking or landing.