Malta-Based OKEx Exchange Adds Four New Crypto Derivatives Pairs: BSV, QTUM, DASH and NEO

OKEx is ranked as the third-largest cryptocurrency exchange in the world, based on its trading volume.

To keep expanding and maintain their place, the platform needs to continually innovate and add more options for consumers, which is exactly what it has just done. Based on a press release shared with CoinTelegraph, it looks like the exchange is adding four crypto derivative pairs to the platform.

The new listing includes Bitcoin SV (BSV), QTUM, DASH and NEO against Bitcoin (BTC) or Tether (USDT), trading with a 3x leverage option on margin. The platform only just listed seven new pairs last month in a report from CoinTelegraph on January 3rd, which included Bitcoin Cash (BCH), Bitcoin SV (BSV), EOS (EOS), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).

In December, a new product called a “perpetual swap” was launched by OKEx, which basically supports up to 100x leverage between BTC and USD. However, the newly added contracts were ultimately decided to support 40x leverage by the time the new press release came out in January. Now, with today’s press release, there is a 3x leverage instead.

Bitfinex made it possible to engage in margin trading in December, using Tether (USDT) against USD, which is a 1:1 ratio because USDT is a stablecoin.

Coinbase is making changes in their platform as well, acquiring a new blockchain intelligence startup called Neutrino. This new deal will help to improve the features and selection of cryptocurrencies on the Coinbase platform, according to a report today.


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