OKEx Exchange Rolls Out New USDt Futures Trading Pairs; XRP, ETC, BSV, And TRX
Cryptocurrency Exchange OKEx is launching a USDT Futures trading pairs, the company announced today. As the largest cryptocurrency exchange in the world, OKEx is prepared to launch its futures contract, which will be traded in USDT. Traders can either buy or sell their position to profit from the decline or increase of the cryptocurrency price.
In a blog post, the company reiterated its pledge to start trading both futures trading pairs, ETC/USDT and XRP/USDT, today. According to the company, the altcoins will have a leverage of 0.01x-33.3x. But the BTC/USDT has a different leverage level, which is set at 0.01-100x.
Also, the contract delivery time will be set at 8:00 (UTC) on Fridays, while the settlement time will be 8:00 (UTC) daily for both ETC and XRP.
Furthermore, the blog post revealed that Bitcoin SV (BSV) and TRONs native currency (TRX) would also be traded with the other coins.
Jay Hao, CEO of OKEx, recently stated that the introduction of the USDT Futures contract was a flourishing one. He further explained that the company had received a lot of positive feedback from the OKEx community and other traders.
He said that the exchange has plans to expand its coverage by including USDT linear contracts to the OKEx market. The main goal is to offer a lot of trading options to the users and the OKEx community.
OKEx offers the platform for traders to enter into trading positions that will help them benefit from their investments in the long run. The larger derivative portfolio of the company with all-inclusive functionality is the main advantage the exchange company provides.
OKEx Remains a Big Player
OKEx has always set the pace in the futures trading market. Although the financial instrument is a bit complex, yet it has always remained attractive to crypto traders. That’s because the firm provides comprehensive crypto trading services, according to OKEX’s financial market director, Lennix Lai.
He pointed out that in most cases, users and traders are reluctant to hold altcoins as margins. But OKEx is introducing the linear contract to offer traders more opportunity to minimize their risks in the volatile crypto market.
The exchange has established a safe, stable, and reliable environment for crypto trading. The company will also offer new and exciting services to meet the needs of users and crypto traders. Lennix pointed out that OKEx will strive to add more stablecoin derivatives for the benefit of traders that want easy hedging instrument.
The exchange has announced several benefits of trading on the platform, including ease of switching between currencies, intuitive trading experience, and lesser volatility risks.
With the benefits of intuitive trading, it will be a lot easier for users to understand the trading system.