OKEx to Represent ETH Perpetual Swaps

Under the terms of the contract, users can buy or sell ETH at a set price and certain point in the future, thanks to which they have access to both long and short positions
26 December 2018   296

Maltese cryptocurrency exchange OKEx announced the launch of a new financial instrument on its platform - an perpetual swap on Ethereum.

Users got the new tool today. It allows you to trade cryptocurrency with leverage up to x40. Its mechanism is in many ways reminiscent of a futures contract with the difference that a perpetual swap does not have an expiration date. The cost of each contract is $ 10.

Under the terms of the contract, users can buy or sell ETH at a set price at a certain point in the future, thanks to which they have access to both long and short positions. To determine the price of the instrument in equal shares, data from the exchanges Bitstamp, OKEx, Bitfinex, GDAX and Gemini are used in pairs with USD and BTC.

The launch of a similar derivative for Bitcoin took place earlier this month.

Also in the near future, OKEx promises to launch perpetual swaps on Litecoin, Ethereum Classic, XRP, Bitcoin Cash and Bitcoin Satoshi Vision, which will be announced separately.

OKEx Exchange to Launch GBP and THB OTC Markets

Thai and UK users should to pass the KYC procedure to start using Over-The-Counter platform
24 January 2019   230

OKEx announced support for the British pound and Thai baht on its over-the-counter platform.

The press release notes that users from Thailand and the UK can go through KYC verification procedures and start using the OTC platform.

Orders can be placed on the over-the-counter platform OKEx by independently choosing the exchange rate and payment options. Currently, this OTC-platform contains Bitcoin, Ether, Litecoin and Tether cryptocurrencies.

In addition to the pound and baht, the platform supports the Vietnamese dong and the Chinese yuan. This year, OKEx promises to expand the list of supported fiat currencies and serviced regions.

Earlier, OKEx launched termless Bitcoin swaps, and then similar tools for Ethereum, Bitcoin Cash, Ethereum Classic and Litecoin.