OKEx Offers Futures Trading Upgrade for Three Digital Assets; XRP, BCH and LTC
Interest in virtual currencies continues to increase, which is pressing companies and firms to offer better services to customers.
This is why there are some startups that are integrating features and services that are similar to those available in traditional finance. The crypto exchange OKEx is now offering futures trading for three digital assets: Litecoin (LTC), Bitcoin Cash (BCH) and XRP.
OKEx Offers Futures Trading for XRP, LTC and BCH
According to a recently released tweet by the crypto exchange, the company explained that a tiered maintenance margin ratio system is now available for Litecoin, Bitcoin Cash and XRP futures markets.
The tiered maintenance margin ratio system is now available for LTC, BCH, XRP futures markets. The new risk management system will effectively minimize the risks of margin call losses & enhance the user experience of futures trading, which allows users to select 1-50x leverage. pic.twitter.com/EySLmNxewl
— OKEx (@OKEx) May 23, 2019
With this new upgrade, the system will effectively minimize the risks of margin call losses and it will also enhance the user experience of futures trading. Users will have the possibility to select between 1x and 50x leverage.
Larger leverage levels have been long requested by users in the platform and investors. There are other exchanges that are also trying to improve their services and add futures trading as well. Binance has also confirmed that they will be offering these services in the near future. Binance is one of the largest and most important exchanges around the world.
Futures trading is very important for the crypto market and for crypto transactions. However, the exchange didn’t add Bitcoin (BTC) support, which is strange because the digital currency is the largest and most popular virtual currency. According to CryptoCOmpare, the CME saw a significant spike of 263 percent in their average trading volumes.
Moreover, the exchange has also hinted that they could embrace the Lightning Network (LN) since they wrote a tweet that says:
“It’s about time to light up the market.”