One of the world’s leading crypto exchange has enabled BTC/USDT futures trading for its customers. OKEx had announced the launch of Futures trading earlier this month, and now the trading is live on the OKEx futures market.
OKEx announced today that the BTC/USDT futures trading is now live on the OKEx futures market with a leverage level of 0.01-100x. The futures contract will act as a derivative product that will be settled with the USDT token and BTC/USDT contracts. The CEO of the exchange said that the simulation of USDT futures contract was successful, and they received positive feedback from traders.
OKEx would assure stability with its new USDT-Margin Futures Trading.
The exchange would assure stability with its new margin futures feature in order to limit the risk caused by the volatility. The malta-based crypto exchange is among the top exchanges to record the highest liquidity. It was just behind HitBTC, Binance, and Huobi in terms of the liquidity.
The exchange promises efficiency and low-cost.
OKEx listed as one of the advantages of USDT futures contract bein efficient and low cost, it also added that traders would be able to trade without the hassle of switching between cryptocurrencies. The CEO of the exchange, Jay Hao, said that they had developed a safe, reliable, and stable environment for cryptocurrency trading.
He further added that they are excited to add USDT linear contract to their futures market and next on the Perpetual Swap market to meet the interest of the growing international user base.