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.

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.

At the moment, OKEx can be considered the largest crypto exchange of the world by adjusted volume. It recorded around $1.16 billion USD worth of cryptos being exchanged in the last 24 hours.

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