OKEx Launches a 'Timeless' Bitcoin Derivatives Product
OKEx Launches a 'Timeless' Bitcoin Derivatives Product -On Monday, Malta-based Crypto Exchange, OKEx, released a product which it says, ‘perfects’ its derivatives product suite. The ‘Perpetual Swap’ is a peer-to-peer digital derivative without expiry date, and day by day settlement.
LETTER SWAP
In a complicated South Korean resort ballroom, rife with media and friends shipped in from round the world, OKEx excitedly released its newest product. I recognise how fancy it was simply due to the fact I was indeed one of the friends who they thought it could be a nice thought to invite… But why?
The first factor I discovered is that I’ve been pronouncing OKEx wrong. Although to be fair, that occurred the night time earlier than the occasion while speaking with a colleague. I had been saying “oh-kex,” but she said it “oh-kay-ex,” which made a lot extra feel pondering the capitalization criteria they use.
Turns out we had been equally wrong, simply due to the fact the CEO got here out the subsequent day and welcomed us on behalf of “oh-kay-ee-ex.” Go figure.
PERPETUAL SWAP
Anyway, the brand new product sits within the product line-up somewhere among the ordinary futures contract and spot trading. The enormous difference from a futures contract is the loss of expiry date, meaning positions may be held indefinitely.
Contracts are settled daily, and funding is charged or acquired for open positions 24 hours after settlement. Leverage is tiered founded mostly on the held quantity of positions but may be as plenty as 100x on beneath 500 swaps. This is to cut down the market effect throughout the compelled liquidation of outsized positions.
This is surely no longer a instrument aimed toward newbie traders.
VIRTUAL SWAP
If you aren’t actually certain what all this potential but wish to discover out more, then you’re in luck. From now till the release of the product on 11th December, OKEx are working a Perpetual Swap buying and selling simulation competition.
Log into OKEx throughout the festival period, and move to the promotion web page to signal up and subscribe to a team. You’ll get hold of 10 digital BTC $3912.68 +0.16% to play with, and the groups are ranked on the quit according to income and losses.
You can get early access, hands-on trip of the brand new product and a danger to win as plenty as 10 BTC. And you can’t lose the blouse off your back, the keys to the Lambo, or your trophy (3rd) wife.
LETTER SWAP
In a complicated South Korean resort ballroom, rife with media and friends shipped in from round the world, OKEx excitedly released its newest product. I recognise how fancy it was simply due to the fact I was indeed one of the friends who they thought it could be a nice thought to invite… But why?
The first factor I discovered is that I’ve been pronouncing OKEx wrong. Although to be fair, that occurred the night time earlier than the occasion while speaking with a colleague. I had been saying “oh-kex,” but she said it “oh-kay-ex,” which made a lot extra feel pondering the capitalization criteria they use.
Turns out we had been equally wrong, simply due to the fact the CEO got here out the subsequent day and welcomed us on behalf of “oh-kay-ee-ex.” Go figure.
PERPETUAL SWAP
Anyway, the brand new product sits within the product line-up somewhere among the ordinary futures contract and spot trading. The enormous difference from a futures contract is the loss of expiry date, meaning positions may be held indefinitely.
Contracts are settled daily, and funding is charged or acquired for open positions 24 hours after settlement. Leverage is tiered founded mostly on the held quantity of positions but may be as plenty as 100x on beneath 500 swaps. This is to cut down the market effect throughout the compelled liquidation of outsized positions.
This is surely no longer a instrument aimed toward newbie traders.
VIRTUAL SWAP
If you aren’t actually certain what all this potential but wish to discover out more, then you’re in luck. From now till the release of the product on 11th December, OKEx are working a Perpetual Swap buying and selling simulation competition.
Log into OKEx throughout the festival period, and move to the promotion web page to signal up and subscribe to a team. You’ll get hold of 10 digital BTC $3912.68 +0.16% to play with, and the groups are ranked on the quit according to income and losses.
You can get early access, hands-on trip of the brand new product and a danger to win as plenty as 10 BTC. And you can’t lose the blouse off your back, the keys to the Lambo, or your trophy (3rd) wife.
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