Huobi DM adds instant settlement for BTC contracts; OKEx launches daily settlements

Huobi DM, a crypto contract asset service from Huobi Group, today announced that it now offers instant settlement for bitcoin (BTC) contracts.

Launched in December of 2018, Huobi DM also offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), EOS (EOS), Litecoin (LTC), and Ripple (XRP). Huobi DM recently added Bitcoin SV contracts, its eighth contract type.

OKEx

Meanwhile, earlier today, it was announced from crypto exchange OKEx the launch of daily settlement for futures contracts, along with adjusting perpetual swap settlement and funding times.

Going forward, the settlement time of futures contracts will be changed from 10:00 every Friday (CEST, UTC+2) to 10:00 every day (CEST).

The settlement time of weekly contracts on every Friday will not be affected.

The migration schedule for contracts on OKEx:

• TRX: Aug 22, 2019
• BSV, ETC: Aug 26, 2019
• XRP, BCH, LTC: Aug 28, 2019
• EOS, ETH, BTC: Aug 30, 2019