Tanya Abrosimova
Independent Analyst
- OKEx futures on Ethereum Classic and Bitcoin SV will be settled on a daily basis.
- The company plans to expand its offering in the nearest future.
Cryptocurrency Exchange OKEx has announced the launch of futures contract daily settlement on Ethereum Classic (ETC) and Bitcoin SV (BSV).
"Reminder: Daily settlement for $BSV & $ETC futures contracts will be launched at 10am (CEST, UTC+2) today. We'll continue to add more enhancements on #OKEx platform to give you a better trading experience,” the company announced on Twitter.
Earlier this month the exchange launched similar service for Tron (TRX). More coins will be added in the nearest future.
Thus, the option will be available for XRP, BCH, LTC on August 28, while futures for EOS, ETH, BTC will go live on August 30.
The daily contracts will be settled on a daily basis at 10:00 CEST.
Also, OKEx announced that perpetual contracts will be settled three times a day. Instead of once a day. However, the company warned that the frequency of settlements may be adjusted in case of sharp market movements upon further notice.
"In case of unexpected market volatility or any other force majeure clauses, we may adjust the above implement schedules as appropriate and notify in further announcements as soon as possible."
Notably, at the time of writing, OKEx was the largest cryptocurrency exchnage by daily trading volumes based on CoinMarketCap's statistics. The Exchange processed transactions worth of $ 1.135 billion, more than Binance ($1.102 billion), BW.com ($ 1.041 billion) and CoinBene ($ 1.041 billion).
It is worth noting that in the previous week OKEx added four new types of trading orders: stop limit, trailing order, iceberg and TWAP order.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
MANTA suffers 4% pullback after unlocking tokens worth $40 million
Manta Network (MANTA) unlocked over 8% of its circulating supply on Thursday. The unlocked tokens were airdropped and distributed in public sale, according to data from Tokenunlocks.
XRP struggles to recover as lingering Ripple lawsuit could reach Supreme Court, former SEC litigator says
The SEC vs. Ripple potential showdown at the Supreme Court is likely, says former SEC litigator Ladan Stewart. XRP Ledger calls developers, businesses and investors to build on the blockchain, extending Apex 2024 registration until April 30.
Bitcoin Layer 2 Merlin chain TVL climbs 20%, defying broad market correction
Merlin chain’s TVL added 20% this week, and crossed $800 million on Thursday. Bitcoin Layer 2 assets noted double-digit losses in the past week. Stacks, Elastos, SatoshiVM, BVM are hit by a correction as Bitcoin hovers around $61,000.
If Bitcoin restarts bull run, these altcoins are likely to explode Premium
If Bitcoin’s consolidation ends and the bull run resumes, altcoins are likely going to trigger a massive rally. Last cycle’s hot tokens like SOL, AVAX, WIF, ONDO, etc., could see renewed enthusiasm.
Bitcoin: BTC’s rangebound movement leaves traders confused
Bitcoin (BTC) price has been hovering around the $70,000 psychological level for a few weeks, resulting in a rangebound movement. This development could lead to a massive liquidation on either side before a directional move is established.