Subscribe to Our Newsletter
Wednesday July 06, 2022
Bitcoin (BTC) $20,357.00   Ether (ETH) $1,158.20
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Bitcoin

Crypto exchange OKEx launches bitcoin (BTC) perpetual swap

Published by CryptoNinjas.net
12/03/2018
Crypto exchange OKEx launches bitcoin (BTC) perpetual swap

OKEx, a Malta-based digital asset exchange, today announced the launch of a brand-new derivative product, a bitcoin-based perpetual swap. With the new addition, users of OKEx can now perform perpetual swap, futures contract, and spot trading with margin and leverage at one stop. Perpetual swap trading will be officially available at OKEx on December 11, 2018, at 01:00 (GMT+9).

The OKEx perpetual swap is a peer-to-peer, virtual derivative developed by OKEx to enable traders to speculate the direction of the price of digital assets, starting with bitcoin. It has a mechanism very similar to futures contract, but with no expiry, and settlement occurs daily. Each swap contract has a notional value of USD 100-equivalent BTC. Users can go long a position to profit from the increase of a digital asset’s price, or short a position to profit from the decline of a digital asset’s price, with a leverage of up to 100x.

OKEx’s Perpetual Swap has the following features comparing to futures contract:

  • No expiry – positions can be held indefinitely;
  • Trade closely to the underlying reference index — unlike futures contract that normally is traded at a different price to spot market
  • Leverage level from 1-100x available
  • Track the price of the spot market via funding mechanism

In addition, users can enjoy the advantages including:

  • Mark Price mechanism helps to avoid unnecessary liquidation
  • Lower transaction fees than other similar products in the market
  • Fast settlement – swaps are settled daily, profits can be withdrawn daily;
  • Partial liquidation system – minimizing the market impact during forced liquidation
  • Tiered margin system enables traders to adjust their leverage level according to their risk appetite and market condition

[perfectpullquote align=”full” bordertop=”false” cite=”Lennix Lai, Financial Market Director of OKEx” link=”” color=”” class=”” size=””]”This marked a key milestone for OKEx. The launch of perpetual swap demonstrated our continuous commitment to build a complete financial ecosystem on blockchain and crypto. With the new offering, investors and traders can select the products which best fit their trading and hedging strategies. However, we would like to remind our users that due to its high leverage nature, implementing risk control strategies are equally crucial in trading.”[/perfectpullquote]

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

OKEx Blockdream Ventures bets on NFT platform WAX with WAXP token purchase

12/09/2021
OKEx Blockdream Ventures bets on NFT platform WAX with WAXP token purchase

The team of Worldwide Asset eXchange (WAX), a blockchain platform & NFT network has announced that OKEx Blockdream Ventures, an investment subsidiary under crypto trading platform OKEx.com, is backing the WAX Blockchain Ecosystem, purchasing...

Read more

Crypto exchange OKEx launches new portfolio margin system

11/01/2021
Crypto exchange OKEx integrates Bitcoin Lightning Network

OKEx, a popular cryptocurrency spot & derivatives exchange, today announced the launch of a new advanced mode for professional traders — portfolio margin. The portfolio margin trading mode is available on the platform's web...

Read more

OKEx backs DFINITY’s ‘Internet Computer’ ecosystem with $10M and ICP listing

05/13/2021
OKEx backs DFINITY's 'Internet Computer' ecosystem with $10M and ICP listing

OKEx, a popular cryptocurrency spot and derivatives exchange, has listed the utility token of DFINITY's 'Internet Computer' platform, ICP. Operated by a completely open governance system, the Internet Computer — a blockchain network under...

Read more

OKEx and MXC bring $40M of new capital to grow Solana (SOL) ecosystem

03/25/2021
OKEx and MXC bring $40M of new capital to grow Solana (SOL) ecosystem

The Solana Foundation, overseers of the Solana Layer-1 proof of stake blockchain, announced today it has partnered with crypto exchanges, OKEx and MXC, to launch two strategic investment funds that will bring $40 million...

Read more
Load More
Leave Comment

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Router Protocol launches its modular cross-chain bridge: Voyager

Router Protocol launches its modular cross-chain bridge: Voyager

06/29/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
peaq launches open-source Polkadot ecosystem blockchain explorer

peaq launches open-source Polkadot ecosystem blockchain explorer

07/06/2022
KyberSwap DEX introduces new trading leaderboard feature

KyberSwap DEX introduces new trading leaderboard feature

07/05/2022
Professional crypto software suite 1Token adds support for Derbit derivatives

Professional crypto software suite 1Token adds support for Deribit derivatives

07/05/2022
Most consequential Cardano upgrade since smart contracts readying for launch

Most consequential Cardano upgrade since smart contracts readying for launch

07/04/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy