OKEx launch new Tether-Margined Bitcoin Futures product

Users will now be able to trade Tether-Margined Bitcoin Futures, following a successful simulation period.
OKEx notes as a linear contract, it claims there is no need to hedge the margin risk of an inverse contract.

Ken Chigbo Independent Analyst

Cryptocurrency exchange OKEx,describes itself as ‘the world’s largest futures cryptocurrency exchange’, announces an additional product offering, to include Tether-Margined Bitcoin Futures. It comes after a successful simulation period, which had commenced on Nov 5.

Firstly, as a linear contract, it claims there is no need to hedge the margin risk of an inverse contract. Additionally, trading in Tether removes the need to switch between fiat and cryptocurrencies, improving efficiency and reducing cost.

OKEx has further claimed that the trading experience is also more intuitive, making it easier for users to master. It describes the system as ‘similar to spot trading, with the addition of leverage’.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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