OKEx, a globally leading cryptocurrency futures exchange, has announced the launch of its USDT-margined linear futures contracts. These derivatives allow traders to speculate on cryptocurrency price movements using Tether (USDT) as the margin and settlement currency.
Key Features of OKEx’s USDT Futures Contracts
- Linear Contracts: Eliminate the need to hedge against margin risks associated with inverse contracts.
- Flexible Leverage: Ranging from 0.01x to 100x.
- Supported Cryptocurrencies: BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, and TRX.
- 24/7 Trading: No downtime, enabling continuous market access.
- Daily Settlement: Ensures transparent and regular profit/loss accounting.
Advantages for Traders
👉 Trade with low-cost USDT margins
- Cost Efficiency: Trade directly with USDT without converting between cryptocurrencies.
- Reduced Volatility Risk: Simplified calculations by using a stablecoin (USDT) as collateral.
- Intuitive Interface: Mirrors spot trading but with added leverage for ease of use.
Leadership Insights
Lennix Lai, Director of Financial Markets at OKEx, stated:
"Our USDT-margined contracts address the complexities of inverse contracts and provide opportunities for retail traders. OKEx is committed to delivering secure, innovative tools tailored to market trends."
Launch Timeline
- USDT Futures Contracts: Live on November 14, 2019 (simulation from November 5).
- USDT Perpetual Swaps: Launching December 9, 2019 (simulation from November 30).
About OKEx
Headquartered in Malta, OKEx offers 400+ digital assets and futures pairs, serving diverse trading strategies with blockchain-based solutions like spot trading, futures, and perpetual contracts.
FAQ
Q: What are USDT-margined futures?
A: Derivatives settled in Tether (USDT), allowing traders to long/short cryptos without holding volatile assets as margin.
Q: How does leverage work on OKEx?
A: Adjustable from 0.01x to 100x, enabling tailored risk exposure.
Q: Is there a demo for these contracts?
A: Yes! Simulations are available before official launches.