OKEx Launches USDT-Margined Futures Live Trading With Up To 100× Leverage

OKEx, the world's largest futures crypto exchanges, announced the launching of BTC/USDT margined trading on its futures platform with an enticing leverage rate of 0.01-100×. Following the fulfillment of their simulation which began on November 5, the margined futures trading was launched live on Nov. 14.

Jay Hao, CEO of OKEx, confirmed the success of the simulation saying: "The simulation of our USDT Futures Contract was very successful, and we received positive feedback from traders in the OKEx community."

This development made Hao ensure users of a secure, stable, and dependable trading environment that would meet their interests. Hao said: "At OKEx, we've developed a safe, reliable, and stable environment for cryptocurrency trading, and strive to offer new services based on our customers' interests. We're excited to add USDT linear contract to our Futures market and next on the Perpetual Swap market to meet the interests of our growing international user base."

Merits of this new feature contract include efficiency and cost-effectiveness, liner contract, relative stability, and intuitive trading experience. It is also enriched with features such as leverage level of 0.01 to100x, the face value of 0.0001 BTC, tice size of 0.1, daily settlement time of 08:00 (UTC) and 24 hours trading.

The report stated that other major cryptocurrencies such as BSV, BCH, EOS, ETH, ETC, LTC, TRX, and XRP would soon be launched in the market.

Image via Shutterstock