OKEx To Start Daily Settlement of Ethereum Classic (ETC) and Bitcoin SV (BSV) Futures
OKEx, one of the largest crypto exchanges in the world, has recently announced on social media that it would start a offering daily settlement of its futures contracts for Bitcoin SV (BSV) and Ethereum Classic (ETC) today.
Reminder: Daily settlement for $BSV & $ETC futures contracts will be launched at 10am (CEST, UTC+2) today. We'll continue to add more enhancements on #OKEx platform to give you a better trading experience 😊
Full schedule: https://t.co/1H4zyQEFte
— OKEx (@OKEx) August 26, 2019
This part of the company’s plan to have more daily settlements for its futures contracts. Tron (TRX) futures contracts already started to receive them some days ago and other tokens are to follow.
The next update will happen on August 28, when daily settlements for Bitcoin Cash (BCH), Litecoin (LTC) and Ripple’s XRP tokens will start. On August 30, EOS, Ethereum (ETH) and Bitcoin (BTC) will also get them.
It was also informed that perpetual swap settlements would be adjusted and that their funding times and settlement schedules would change. For instance, the frequency of perpetual swaps would be diminished from 3 times a day to only one. Funding would remain the same, though.
Also, in case there was any unexpected issue with volatility or something similar that could change the schedule, all users were warned that they would receive a notification.