The most trusted Digital Asset Exchange OKEx has announced the launch of their USDT- margined futures in a blog post. Traders have received this news positively worldwide. The exchange had earlier announced these futures launch, however, a date was not set.
The USDT-margined futures lean towards BTC at the moment. However, it also supports ETH, BCH, EOS, XRP, BSV, and TRX USDT pairs. Moreover, Users can settle futures in the stablecoin USDT, with leverage ranging from 0.01 to 100x.
Some of its key features include:
Leverage Level: 0.01–100x
Face value: 0.0001 BTC
Tice Size: 0.1
Trading Hours: 24/7
Daily Settlement: 08:00 (UTC)
There are many benefits of USDT/BTC Futures Contracts:
- Linear Contract: The contract will be linear so that there is no margin risk of inverse contracts.
- Low Cost and Efficiency: A trader can trade without any exchange between the digital currencies.
- Stable: The USDT futures contracts are comparatively stable and minimize the risks obtained by the price of collateral for future contracts and more straightforward calculations.
- Trading Experience: This is the same as spot trading with leverage to help the user to become an expert in the trading system.
USDT-Margined Futures Global Launch
The exchange plans a worldwide launch of these futures from Nov 22–30, 2019. They have Russia, Ukraine, Turkey in their world tour schedule. Moreover, the team would resolve all the USDT-margined futures-related queries.
“Our USDT-margined futures market is protected by our industry-leading risk management system that features mark price, daily settlement, and tiered maintenance margin ratio system, enabling us to offer 0.01-100x leverage to traders,” stated the OKEx team
In preparation for the launch, OKEx exchange donated 1,000,000 USDT to the insurance fund for BTC/USDT futures market.
This news comes several weeks after Binance, the world’s largest crypto exchange, increased the maximum leverage for its Bitcoin (BTC) futures products to 125x.
Okex has recently added its native coin, OKB on Vietnam’s Top Fiat/Crypto Exchange, BvNex