Saturday , December 4 2021

Crypto exchange derivative OKEx Product Launches & # 39; & # 39; Perpetual Swap & # 39;



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Exchange & # 39; & # 39 kriptokonferenza based in, Malta OKEx launched a new derivative product called Swap perpetual trade, according to a press release shared with & # 39; Cointelegraph December 3.

Swap is a virtual perpetual peer derivative developed by OKex, which allows users to speculate the direction of the price of digital assets. Its mechanism is allegedly very similar to a futures contract, but without a deadline and payment & # 39; day. Any contract & # 39; barter equivalent notional value & # 39; $ 100 Bitcoin (BTC).

By release, the new derivative product allows users to make perpetual swaps, contracts & # 39; futures, spot trading and b & # 39; margin and leverage at the same time. Swap perpetual OKex will begin trading on December 11.

The trade contracts allows users to buy and sell currencies at a predetermined price in digital & # 39; specific times in the future, giving investors and traders the opportunity to open long and short positions.

The Financial Market Director & # 39; OKEx Lennix Lai noted that "we would like to remind our users that due to the nature of & # 39; its strong leverage, implementation & # 39; strategies & # 39; risk control are so important in business. "

F & # 39; October OKEx delist more than 50 pairs of & # 39; & # 39 business b; volume & # 39; liquidity and weak trading. Later in & # 39; in November, the exchange announced that it was removing the second swathe & # 39; trade pairs because "weak liquidity" to "create a business environment b & # 39; strong and offer the best trading experience" for businessmen.

At the end of & # 39; in November, the leading digital currency exchange Huobi launched the Derivative Market & # 39; Huobi (Huobi DM), which allows its customers to enter into & # 39; contract business kriptońčitonali both rising prices and falling.

During the press, OKEX is the second largest foreign exchange & # 39; kriptokonferenza in the world & # 39; & # 39 terms; adjustable volume & # 39; & # 39 trading; day, which is & # 39; about $ 523 million, according CoinMarketCap.

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