One of the most well-known cryptocurrency exchange OKEx has put more than new cryptocurrency derivative pairs to its policy, as per the press release informed to Cointelegraph.
According to the report published in Cointelegraph in late December 2018, the exchange first started a unoriginal product known as continuous swap that ropes BTC/USD,with up to 100x leverage. As the news website reported at the time, the product has been the boundary trading instrument that allows customers to hazard on the upcoming worth of a crypto asset against USD, as per the OKEx’s index.
The document from ICE the worker of the New York Stock Exchange (NYSE) and maker of digital assets platform Bakkt informed that the consultation with the Commodity Futures Trading Commission [CFTC], ICE Futures U.S., Inc. expects to provide an updated launch timeline in early 2019 for the trading, warehousing and clearing of Bakkt’s Bitcoin (BTC) futures contract.
OKEx is one of the major cryptocurrency exchanges in the world. Frequently containing from the best worldwide exchanges by 24-hour trade volume, OKEx offers fiat-to-crypto and crypto-to-crypto trading on more than 100 digital currencies. It also gives market maker and customer charges begining from 20 percent and 3 percent correspondingly, with reduced subscriptions for higher traders.
However we need to know whether OKEx the proper exchange for the users. It has gathered along a bunch of knowledge concerning the platform’s options, fees, professionals and cons to assist you choose.
About OKEx
OKEx could be a digital quality commercialism platform with tools and choices designed to suit each beginner and knowledgeable traders. Moreover as spot commercialism of crypto, it conjointly permits fiat-to-crypto futures and transactions commercialism.
Founded in 2014 and incorporated in British Honduras, OKEx is operated by OKEX Technology Company restricted. The platform proclaimed in April 2018 that it had been designing on gap associate degree workplace on the cryptocurrency-friendly island nation of Malta, giving its services to several users in over one hundred countries. OKEx offers its crypto commercialism services to users in additional than one hundred countries round the world, together with Australia. However, if you’re unsure whether or not you’ll be ready to access OKEx from your country of residence, contact the platform’s support team for a lot of data. The move was done, in keeping with the announcement, thus OKCoin Intl. might “focus on changing into a regulated world fiat-blockchain quality commercialism platform giving spot and margin commercialism.” OKEX can solely trade digital assets.
OKCoin isn’t wholly move down. The exchange can still permit you to trade enactment currencies for blockchain assets. However, futures commercialism are going to be done on OKEX.
At present, OKEX gets anywhere OKCoin has been left. Users can trade Litecoin as well as bitcoin contracts, as an example. If you antecedently command OKCoin identifications, then you’ll be able to login to OKEX as traditional. All commercialism balances in your futures account, open positions, and open orders can have transferred to OKEX. OKEX could be a cryptocurrency commercialism platform specializing in BTC and LTC futures. you’ll be able to trade on the margin with up to ten or 20x leverage, or hedge to lock in your mining profits. The exchange is obtainable on iOS, Android, Mac OS X, and Windows. It’s a branch of OKCoin that ceased futures commercialism in might and migrated users to its new OKEX exchange. The exchange provides less fees (4 percent for open positions and 0 charges for shut positions) in conjunction with sturdy liquidity in BTC/USD and LTC/USD.
