OKEx Ups the Ante on Exchange's Perpetual Swap Trading with 7 Additional Contracts

Last month OKEx had launched its Perpetual Swap Contracts derivative product using Bitcoin [BTC]. Now they have added a host of new contracts to choose from on the companies website and its mobile app.

Who Is OKEx

The digital asset exchange is based in Malta and offers a variety of services.

Apart from the trading services of the prominent crypto-currencies, it offers futures trading, perpetual swap trading and an index tracker. With hundreds of crypto and futures trading pairs available, OKEx provides a safe, and reliable trading platform to people all over the world.

How Do Perpetual Swap Contracts Work?

Unlike the more widely used futures contracts, a perpetual swap is different in two ways, it has no expiry and the settlements are done everyday.

This is useful for market players who wish to create a synthetic exposure of margin trading, an option available as the said positions may be held indefinitely.

Risks And Leverages Of The platform

The issue of turmoil in the financial markets has been looming over the heads of most industries. The new year has done little to assuage those fears. In such a climate the risk of liquidation is ever present.

Thus most traditional markets, and now most crypto exchanges, use an automated forced liquidation process when the margin ratio of the account is lower than the maintenance margin ratio. Even so, this is a position taken to protect the initial investment and the leverages offered are a step in that direction.

This latest offering has been paired with a BTC perpetual swap for the moment and has a notional value of $100,with a leverage range of 1 – 100. However, the new pairs being introduced for Bitcoin Cash (BCH), Bitcoin SV (BSV), EOS, Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), are valueed at $10 and have a leverage of 1 – 40.

In closing, with the relative tranquillity of the past few weeks, one hopes that the markets will soon regain the confidence to bounce back. More options like these are a welcome sight for the industry as different pairs could revive the sagging markets. Whether that actually happens one can only speculate at this stage.

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Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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