OKex Launches XRP, EOS and BTG Futures Trading

OKex cryptocurrency exchange is continuously updating the list of supported currencies, and it has recently decided to launch the futures contracts of most famous coins
25 January 2018   1810

OKEx, a Hong Kong based blockchain asset exchange, has made an announcement on January 25 concerning launch of trading of Ripple, EOS and Bitcoin Gold futures. The launch went live from 10:00 CET on January 25, 2018.

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   160

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.