VALLETTA, Malta, Nov. 05, 2019 (GLOBE NEWSWIRE) -- OKEx, the world’s largest futures cryptocurrency exchange, today announced the launch of USDT Futures Trading, a linear futures contract. Served as a virtual derivative product that is quoted and settled in USDT, each contract has a face value of a fixed amount of digital tokens. Traders can long or short a position to profit from the increase or decline of a cryptocurrency’s price respectively. OKEx provides a wider derivative portfolio with a greater variety of underlying currencies and more comprehensive functionality to meet users’ trading requirements.
Key features include:
“Most of the time, users are not willing to hold altcoins as margin, and they also see inverse contracts itself are complicated to understand. We see this linear contract would be an open door to many new retail traders,” said Lennix Lai, Financial Market Director at OKEx. “At OKEx, we’ve developed a safe, reliable, and stable environment for cryptocurrency trading, and strive to offer new services based on our customers’ interests. We would continue to research and add stablecoin-based derivatives so to offer a simpler hedging instrument for traders who normally book their profit and loss in USD value.”
USDT Futures Contracts will be launched on November 14, 2019, and simulation will start on November 5, 2019. USDT Perpetual Swap will be launched on December 9, 2019, and simulation will start on November 30, 2019.
OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital assets trading services including token trading, futures trading, perpetual swap trading and index tracker to global traders with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.
Vivien Choi email@example.com
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