KUALA LUMPUR, Nov 5 -- OKEx, the world’s largest futures cryptocurrency exchange has launched USDT Futures Trading, a linear futures contract.
OKEx provides a wider derivative portfolio with a greater variety of underlying currencies and more comprehensive functionality to meet users’ trading requirements.
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.
With round-the-clock trading hours and daily settlement, users can also trade without the hassle of switching between cryptocurrencies.
“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 OKEx financial market director, Lennix Lai.
More details at https://www.okex.com/
-- BERNAMA
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